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 ...

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.

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+ is leaning toward reviving oil production as planned in October, according to delegates involved in the discussions.

OPEC Plus will extend its cuts until at least December. Demand has weakened, and other countries, including the United States ...

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 ...

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

OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also ...

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

At the same time, OPEC foresees an increase of 2.1 mb/d this ... But other major countries, such as India and Brazil, do not produce economic data with the timeliness or level of detail found ...

OPEC reported that the average daily crude production rose marginally by 45,000 barrels per day, based on information obtained through direct communication with the Nigerian government.

LONDON (Reuters) - OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the ...