OPEC is likely to extend its production cuts for another month, according to Azerbaijan’s energy minister, Parviz Shahbazov, who spoke…
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OPEC, or the Organization of the Petroleum Exporting Countries, is a group of 13 countries that collectively produce and export a significant portion of the world’s oil. OPEC was established in 1960 to coordinate policies among its member countries and to stabilize oil markets by managing production levels. OPEC oil refers to the crude oil produced by these member countries, which is often sold at a premium due to the collective market power of the organization.
OPEC is likely to extend its production cuts for another month, according to Azerbaijan’s energy minister, Parviz Shahbazov, who spoke…
Russian crude oil exports fell to a two-month low in the four weeks leading up to November 17, primarily due…
Libya’s return to full oil production in October boosted OPEC’s total output by 466,000 barrels per day (bpd) compared to…
Russia’s crude production in October was nearly in line with its OPEC+ target, according to recent data. The country produced…
Oil prices surged by $1 following the weekend, opening at $73.80 per barrel when markets resumed trading. Prices continued to…
OPEC+ efforts to manage oil supply are causing significant price volatility and making it harder for investors to plan new…
Brent oil, one of the most significant benchmarks for global crude oil, plays a crucial role in the pricing and…
Crude oil is one of the most critical commodities in the global economy, and predicting its future trends is a…
The energy sector is becoming increasingly important in the US presidential election. It could be a key factor in deciding…
Oil prices play a crucial role in the global economy, and in the United States, they directly affect transportation, heating,…
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