Topic
Production Quotas
7 stories related to this topic, newest first.
rte.ieworld37 days ago
Hormuz Blockade Strands One-Fifth of Global Oil Supply as OPEC+ Approves Modest July Output Increase
Major OPEC+ members agreed to raise collective production quotas by 188,000 barrels per day for July. The increase remains largely symbolic because the Strait of Hormuz is closed, preventing most Persian Gulf exports from reaching markets.
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Substrate placeholder — needs reviewworld72 days ago
OPEC+ Meets on Oil Production Quotas After UAE Withdrawal
Seven OPEC+ members are set to meet on Sunday for their first decision on oil-production quotas since the United Arab Emirates left the cartel. The UAE's departure, as a longtime member, has contributed to soaring oil price pressures amid the Mideast war. Talks this weekend aim t…
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247wallst.comworld72 days ago
OPEC+ Raises June Oil Output Quota by 188,000 Barrels Per Day
OPEC+ raised oil production quotas for June by 188,000 barrels per day during an online meeting, involving seven key members but excluding the United Arab Emirates after its recent exit. The decision comes against a backdrop of output shortfalls and disruptions from the Mideast w…
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thehindu.comfinance73 days ago
OPEC+ Increases June Oil Output by 188,000 Barrels Per Day
Seven OPEC+ countries have reached an agreement in principle to increase their oil production quotas for June by approximately 188,000 barrels per day. The decision comes amid ongoing discussions within the group on output levels. Two sources confirmed the development.
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thehindu.comfinance73 days ago
OPEC+ Agrees to Raise June Oil Output by 188,000 BPD
Seven OPEC+ countries have reached an agreement in principle to increase oil production quotas for June by approximately 188,000 barrels per day. The decision comes amid ongoing discussions within the group on output levels. Multiple sources confirmed the details of the prelimina…
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azernews.azworld76 days ago
UAE Withdraws From OPEC After 60 Years
The United Arab Emirates has announced its departure from OPEC, effective May 1, ending a 59-year membership in the oil cartel. The move comes amid tensions over production quotas and could influence global oil prices and markets. Officials stated the country is reviewing other m…
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thehindu.comworld100 days ago
OPEC+ Members Plan to Increase Production Quotas for May Amid Middle East Conflicts
OPEC+ members intend to raise their production quotas for May, despite ongoing Middle East conflicts limiting output and shipments from key producers. The decision affects global oil supply dynamics. This move follows previous adjustments to quotas in response to market condition…
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