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Stories Tagged as

OPEC+

OPEC grapples with sliding oil prices

by Lily Jamali
May 10, 2023
The cartel releases its monthly oil market report on Thursday.
Despite the fact that OPEC nations cut oil production last month, oil prices are largely back to where they were in early April.
Joe Kalmar/AFP via Getty Images
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If you asked Santa for a break at the gas pump, you may get your Christmas wish

by Andy Uhler
Dec 7, 2022
It's not the most wrappable holiday gift, but it's a popular one. Here's why we're seeing a dip in oil prices.
Brandon Bell/Getty Images
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What's OPEC+ planning for oil production? It could go either way.

by Justin Ho
Nov 22, 2022
Analysts say the cartel might cut production if oil prices keep falling, but it could also expand output if supply tightens amid cold temperatures and restrictions on Russian oil.
OPEC headquarters in Vienna. It's hard to predict where oil output, and prices, are headed before the year is out.
Joe Klamar/AFP via Getty Images
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To raise prices, OPEC+ to subtract oil production

by Associated Press
Oct 5, 2022
Production will be cut by 2 million barrels per day, starting in November.
The logo of OPEC is pictured at the OPEC headquarters in Vienna.
Joe Klamar/AFP via Getty Images
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OPEC+ agrees to boost oil production. But probably not enough to lower prices.

by Justin Ho
Aug 3, 2022
The small increase of 100,00 barrels a day may be a sign that the cartel thinks a recession is coming.
By pledging to increase output by just 100,000 barrels a day, OPEC could be implying that it expects demand for oil to fall. Above, OPEC's headquarters in Vienna.
Joe Klamar/AFP via Getty Images
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Why OPEC might decide to take a break from its alliance with Russia

by Andy Uhler
Jun 1, 2022
Russia is the world's third-largest oil producer — such a decision won't be made lightly.
The relationship between Russia and the Organization of the Petroleum Exporting Countries has always been contentious.
Joe Klamar/AFP via Getty Images
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Why OPEC Plus isn't likely to increase oil supply

by Kai Ryssdal and Andie Corban
Mar 30, 2022
Spare capacity has been overstated, says oil analyst Abhi Rajendran. Then there's the matter of isolating Russia.
OPEC Plus nations are together responsible for 40% of the world's oil supply.
Jakub Sukup/AFP via Getty Images
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