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Tag "Organisation of the Petroleum Exporting Countries"

Iraq seeks to raise oil production to 8 mn bpd by 2027

Iraq seeks to raise oil production to 8 mn bpd by 2027

🕔07:07, 20.Jun 2022

Iraq seeks to raise its crude oil production to 8 million barrels per day (bpd) by the end of 2027 to fulfil its commitment to export quota within the Organisation of the Petroleum Exporting Countries (OPEC), Iraqi Oil Minister Ihsan

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Halting investments in fossil fuels ‘wrongheaded’, warns OPEC

Halting investments in fossil fuels ‘wrongheaded’, warns OPEC

🕔21:59, 29.Sep 2021

New Delhi, Sep 29 (IANS) OPEC’s latest World Oil Outlook warns that failure to keep investing in fossil fuels could risk geopolitical instability, Al Jazeera reported. Halting new investments in fossil fuels is “wrongheaded” despite global commitments to transition to greener

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Oil prices surge on hopes of supply cap by ‘OPEC+’

Oil prices surge on hopes of supply cap by ‘OPEC+’

🕔18:14, 4.Jan 2021

New Delhi, Jan 4  Crude oil prices surged on Monday on expectations that ‘OPEC+’, the cartel of Organisation of the Petroleum Exporting Countries (OPEC) and its allied oil producing nations would limit the oil output at the current levels. Brent

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Non-OPEC countries agree to extend supply cuts

Non-OPEC countries agree to extend supply cuts

🕔09:04, 3.Jul 2019

Vienna, July 3  Ten non-OPEC oil producing countries led by Russia have endorsed the decision by the Organisation of the Petroleum Exporting Countries (OPEC) to extend production cuts until next March. They made the agreement during the 6th OPEC and

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