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OPEC Production Newsletter
  • Oil Prices Sink in Run-Up to OPEC Meet 26 Jul 2024 21:09 GMT

    … weighing on today’s prices. OPEC officials have suggested that the … on many any changes to production cut quotas. While some analysts … group could make changes, OPEC has committed to being careful … prices could put pressure on OPEC’s heavyweights, Saudi Arabia …

  • OPEC Oil Reserves in Decline 26 Jul 2024 16:06 GMT

    … . 2. OPEC Oil Reserves Decline as Exploration Lags Production - Global … . 2. OPEC Oil Reserves Decline as Exploration Lags Production - Global … the country’s total electricity output in the first half … year’s spike in hydropower output has limited the need …

  • Russia exceeded Opec+ oil output quota in June 24 Jul 2024 20:30 GMT

    … crude oil production in June exceeded quotas set by the Opec+ group … the required output level in July. It said the production level was … deep output cuts since late 2022. Under the Opec+ accord, Russia’s production

  • OPEC receives overproduction compensation plans from Russia, Kazakhstan and Iraq 25 Jul 2024 19:12 GMT

    … against an average combined output for all the member nations … that it exceeded its OPEC+ production quota in April for … million tonnes, surpassing the OPEC+ production limit.  The Kurdistan region … Even though Iraq reduced output by 30,000bpd in June …

  • Russia Says There Isn’t Discord with OPEC+ over Oil Overproduction 25 Jul 2024 19:25 GMT

    OPEC+ over Moscow’s recent poor compliance with the group’s production … the OPEC+ agreement. Russia exceeded production volumes in June, but output … Russia has exceeded its production quota since April and  … its over-the-quota output. Russia promised to fully …

  • The US will be an oil production powerhouse through at least 2026, Goldman Sachs says 25 Jul 2024 17:46 GMT

    … 2026, despite crude oil production slowing slightly from its … Energy Information Administration. Oil production will keep growing, just … in a note. Slowing production, though, will largely be … in supply cuts from OPEC+ and escalating geopolitical tension …

  • Kazakhstan Submits Compensation Plans for Excess Oil Production to OPEC 25 Jul 2024 13:16 GMT

    … (OPEC) Secretariat received compensation plans from Kazakhstan for its excess production in … 2025. At the 37th OPEC and non-OPEC Ministerial Meeting this June … , OPEC+ countries agreed to extend their …

  • What Is Likely to Happen at Next OPEC+ Meeting? 25 Jul 2024 12:17 GMT

    … “Our base case shows OPEC+ unwinding some output in 4Q 2024 as … planned, and then keeping output flat in 2025 at December … in the STEO that this output would come in at … The EIA’s OPEC+ production figures comprise OPEC members subject to OPEC+ agreements, plus …

  • Russia's Novak says no friction with OPEC+ over exceeding production quotas 25 Jul 2024 12:16 GMT

    … known as OPEC+, have made a series of deep output cuts … due to extended oil output cuts. OPEC said cumulative overproduction in … sources used by OPEC to determine members' production. In March, … changing the group's output policy. (Reporting by Olesya …

  • US lawmakers formally introduce OPEC collusion bill 25 Jul 2024 12:17 GMT

    … found to have colluded with OPEC over possible price adjustment and … Commission to have colluded with OPEC, its eligibility for federal oil … oil executives collude with OPEC officials – coordinating oil output and prices and …

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