OPEC+ is a loose group of oil-producing countries who coordinate on voluntary supply changes. Saudi Arabia – widely seen as the cartel's de facto leader – said Sunday that it plans to cut its
"Indeed, OPEC does not want oil prices to get too high," he said. "High prices induce more consumers to buy electric cars, which will reduce demand for gasoline, an important market for OPEC oil.
OPEC and its allies, a group known as OPEC+, have chosen to keep production steady as oil prices reached $130 Sunday, the first time since 2008. The Organization of the Petroleum Exporting
Latest Release. Nov 30, 2023. OPEC meetings are attended by representatives from 13 oil-rich nations. They discuss a range of topics regarding energy markets and agree on how much oil they will
By Federica Marsi. 7 Oct 2022. A decision by the OPEC+ alliance of oil-exporting countries to sharply cut production and boost crude prices has dealt a blow to consuming nations, prompting
. 376 148 456 68 125 217 139 406
what does opec do today
