Referring to oil production of the OPECthe report speaks of 27.0 mbd in 2023, 2.6% less than 2022. In case of Venezuelathe only Latin American country in the group, the production has increased 8.8% between 2022 and 2023, from 688,000 barrels per day to 749,000 barrels, according to independent sources cited by the OPEC. Saudi […]
Tag: OPEC
The dollar closed at an average of $3,980 on Wednesday
The US currency started the day with an average price of $3,960.17 will be $2.5 below the Representative Market Rate (TRM), which currently stands at $2.5 $3,957.77. The analysts They believe that expectations are The Federal Reserve has ended its tightening policy and could start cutting rates in 2024. During today’s session, the dollar reached […]
OPEC agrees to cut oil production until 2024
The United Arab Emirates (UAE), Iraq and Oman have announced the extension of their voluntary reductions in oil production until the end of 2024, as also stated by Saudi Arabia, complying with the decision of the oil and energy ministers last month. Sunday of the OPEC+ alliance, consisting of 23 countries. UAE will cut crude […]
OPEC announces cuts in oil production
In a statement, the Organization of Petroleum Exporting Countries (OPEC) alludes to roads and unexpected decisions already communicated by several countries on Sunday about new oil supply restrictions that have driven up the price of crude oil. These cuts, totaling 1.16 mbar, came on top of a previously announced cut of 0.5 mbd by Russia, […]
OPEC + limits oil production increase in September to 100,000 barrels per day
The slowdown in the increase in production will take place from September © Robyn Beck/AFP Author: Lusa The OPEC + alliance decided this Wednesday to increase its oil supply by 100,000 barrels per day next month, a very limited increase compared to previous months. “The very limited availability” of the capacity to extract more oil […]
OPEC Secretary General Mohamed Barkindo dies at 63
Mohamed Barkindo died at the age of 63. © AFP Author: Lusa The secretary general of the Organization of Petroleum Exporting Countries (OPEC), Nigerian Mohammed Barkindo, died Tuesday night at the age of 63, reported the managing director of the Nigerian National Petroleum Corporation (NNPC) on the social network. Twitter. “We lost our esteemed Mohammed […]
OPEC Secretary General Mohamed Barkindo has passed away
The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Nigerian Mohamed Barkindo, died Tuesday night at the age of 63. “We have lost our esteemed Mohamed Sanusi Barkindo. He passed away on Tuesday, July 5, 2022 around 11 p.m.,” Mele Kyar, the director of the Nigeria National Petroleum Corporation (NNPC) told the social network […]