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Brazil's accession was announced a day after President Luiz Inácio Lula da Silva visited Riyadh, where he was welcomed by Saudi Crown Prince Mohammed bin Salman Effective Jan. 1, 2024, South ...

OPEC Plus will extend its cuts until at least December ... from countries outside the Organization of the Petroleum Exporting ...

OPEC Plus is leaning toward reviving oil production ... offsetting concerns about China and plentiful new supplies from the US, Guyana and Brazil.

Brazil will join the group next year, according to a statement from OPEC Plus. OPEC Plus struggled to reach this latest agreement for voluntary cuts amid internal tensions among members.

OPEC+ has staved off an oil surplus this year by deciding to restrain production a little longer. But the temporary fix won’t ...

indicating that the move would be key to OPEC's and Brazil's energy transition efforts LONDON, December 1. /TASS/. Brazil is to join the OPEC+ group of oil-producing countries but will not take ...

The Organization of the Petroleum Exporting Countries (OPEC) will launch the 18th edition of its World Oil Outlook (WOO) report in Rio de Janeiro, Brazil. The event will be held in the ‘Palco ...

OPEC plus, which is comprised of the 14 nations, and OPEC plus 10 other non-OPEC members like the U.S. and Russia are all set to meet on October 5th, an in-person gathering for the first time ...

Rising oil production in the US, Guyana, and Brazil is challenging OPEC's ability to reverse its output cuts. The EIA forecasts that global oil supply will fall short of demand in the second half ...

September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting ...