#opec
Latest news and interesting information about opec.
OPEC+ to boost oil output
OPEC+ agrees to boost oil output by 188,000 bpd from August. Read more on Bond.az.
Iraq may leave OPEC after UAE
Iraq threatens to leave OPEC if oil quota is not raised, following UAE's exit. Tensions rise over production limits.
OPEC+ Increases Oil Production Quotas
OPEC+ decides to increase oil production quotas by 188,000 bpd in July 2024. Saudi Arabia, Russia, and other members adjust output.
Norway stocks rise at close
Norway stocks closed higher Thursday; Oslo OBX up 0.33%. Gainers: Kongsberg Gruppen, TGS NOPEC, Subsea 7. Losers: Hafnia, Frontline, Hoegh Autoliners.
India replaces Middle East oil with Latin America, Africa
India replaces Middle East oil with Latin American and African crude after Hormuz disruption. Russia remains top supplier.
OPEC+ to raise July oil output by 188,000 bpd
OPEC+ set to raise July oil output by 188,000 barrels per day at June 7 meeting. Impact of UAE exit and Iran war.
Trump birthday triggers stock sell-off signals
Bank of America strategists flagged Trump's birthday among June catalysts for stock sell-offs.
Oil prices rise as Iraq's Hormuz exports collapse
Iraq's Hormuz oil exports collapse in April, sending oil prices higher. Brent at $83.80, WTI at $79.50.
OPEC+ Plans Oil Quota Increases Through September
OPEC+ plans oil quota increases through September to restore production cuts, but Iran war blocks actual supply hikes.
OPEC+ Agrees to Boost Output by 188,000 bpd: A Move to Restore Market Confidence
OPEC+ agrees to raise oil output by 188,000 bpd in June, addressing supply worries after UAE exit and Iran conflict. Explore market impact and price trends.
Seven OPEC+ Nations Agree to Boost Oil Output: New Ceiling Set for June
Seven OPEC+ countries, including Saudi Arabia and Russia, agree to increase oil production limits by 188,000 bpd in June. Details on quotas and market impact.
Oil Prices Surpass $126: Brent Crude Hits New High Since March 2022
Brent crude oil prices exceeded $126 per barrel, the highest since March 2022, amid supply cuts and geopolitical tensions. Stay updated on oil market trends.
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