Tag: OPEC

OPEC+ members extend oil output cuts to Q2

Several OPEC+ members announced Sunday extensions of oil output cuts into the second quarter to support the "stability…

OPEC Blocks Climate Change Fossoil Fuel Phase Out Deal at COP28

In a surprising turn of events at the 28th Conference of the Parties (COP28) to the United Nations…

Venezuelan President Maduro Visits Saudi Arabia to Boost Ties

Venezuelan President Nicolas Maduro arrived in Saudi Arabia on Monday for a working visit aimed at strengthening political,…

Saudi Arabia slashes oil output by 1 million barrels per day

Saudi Arabia, the world’s largest oil exporter, announced on Sunday that it would voluntarily cut its oil production…

Oil prices surge after OPEC+ announces surprise production cut

Oil prices soared as much as 8% on Monday after OPEC+ announced it was slashing output by 1.16…

Saudi Arabia warns of oil embargo if Western countries impose price cap

Saudi Arabia has issued a stern warning to Western countries that are considering imposing a cap on the…