OPEC
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News
What is OPEC and Russia increase oil production?
US, WASHINGTON (ORDO NEWS) — On Wednesday, July 15, the OPEC + Ministerial Monitoring Committee will hold a virtual meeting…
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Saudi Aramco took a break OPEC+ meeting will be held in the coming days
US, WASHINGTON (ORDO NEWS) — OPEC + countries will discuss the parameters of an agreement to reduce production in the…
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Oil game who is interested in revising the OPEC + deal
US, WASHINGTON (ORDO NEWS) — The main beneficiaries of toughening the OPEC + transaction will be Saudi Arabia, the United…
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Iraq announced commitment to OPEC + deal
US, WASHINGTON (ORDO NEWS) — Iraq is committed to the OPEC + agreement and despite financial and technical problems has…
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Kremlin considers OPEC + agreement successful
US, WASHINGTON (ORDO NEWS) — The Kremlin considers the OPEC + agreement to be successful, which halted the collapse in…
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Trump doubted the legality of OPEC
US, WASHINGTON (ORDO NEWS) — US President Donald Trump expressed bewilderment at the existence of the Organization of Petroleum Exporting…
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Iraqi Oil Minister optimistic ahead of OPEC
US, WASHINGTON (ORDO NEWS) — Iraqi Oil Minister Tamer al-Gadban is optimistic ahead of the OPEC + meeting scheduled for…
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Oil market: tipping point or commonplace rebound?
US, WASHINGTON (ORDO NEWS) — The oil market has become the center of major events last week. It all started…
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OPEC prepared options for reducing oil production
US, WASHINGTON (ORDO NEWS) — Bloomberg reported that OPEC has prepared several options for reducing oil production , which will…
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How Mexico nearly foiled a new OPEC+ deal
US, WASHINGTON (ORDO NEWS) — Due to the very unstable situation in the oil market, on Thursday, April 9, the…
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OPEC+ made a critical decision
US, WASHINGTON (ORDO NEWS) — Two days of many hours of video calling and this is the result. Oil-producing countries…
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Maduro had a telephone conversation with OPEC Secretary General
US, WASHINGTON (ORDO NEWS) — Venezuelan President Nicolas Maduro said he had a telephone conversation with OPEC Secretary General Mohammed…
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How Russia got the Trump cards in a deal with OPEC
US, WASHINGTON (ORDO NEWS) — Russian President Vladimir Putin achieved a big victory on Sunday, and this happened at a…
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Money
OPEC expects historical decline in oil demand
US, WASHINGTON (ORDO NEWS) — OPEC has revised its forecast for oil demand in 2020 from a slight increase of…
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Money
Russia and Saudi Arabia are confident in the fulfillment of obligations by OPEC + countries
US, WASHINGTON (ORDO NEWS) — Russia and Saudi Arabia are confident that their OPEC + partners and other manufacturers will…
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Some OPEC ministers will discuss the start of a deal to reduce production
US, WASHINGTON (ORDO NEWS) — Ministers of some OPEC countries will hold a conference call on Tuesday to discuss the…
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US checks for possible leakage of OPEC + negotiations
US, WASHINGTON (ORDO NEWS) — Commodity Futures Trading Commission USA (CFTC) is investigating whether traders could get insider information on…
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OPEC oil basket collapses
US, WASHINGTON (ORDO NEWS) — The price of the OPEC oil basket fell on Wednesday, April 22, by $ 2.41…
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Saudis began to carry out OPEC + in advance: How do oil prices react?
US, WASHINGTON (ORDO NEWS) — Saudi Arabia began to reduce production last week, Bloomberg reported this with reference to senior…
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OPEC oil supplies surged in April before new deal comes into force
US, WASHINGTON (ORDO NEWS) — OPEC oil shipments are up more than 2 million barrels per day in April, peaking…
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Oil prices rose as OPEC + agreement comes into force
US, WASHINGTON (ORDO NEWS) — Oil prices on world markets began to rise on the morning of Friday, May 1,…
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Iranian representative in OPEC fell into a coma
US, WASHINGTON (ORDO NEWS) — The Iranian representative in OPEC, Hossein Kazempour Ardebili, had a brain hemorrhage. The official fell…
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OPEC downgrades oil market recovery forecast
US, WASHINGTON (ORDO NEWS) — The Organization of Petroleum Exporting Countries (OPEC) has worsened the forecast for market recovery: the…
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OPEC forecasts a sharp drop in US oil production in 2020
US, WASHINGTON (ORDO NEWS) — The estimated reduction in US oil production in 2020 was nearly 1.5 million barrels per…
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Mexican oil has reached the highest price since Russia withdrew from the transaction with OPEC
US, WASHINGTON (ORDO NEWS) — On Wednesday, May 20, the price of Mexican oil rose and became the highest since…
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OPEC announced the end of the most difficult period of the oil crisis
US, WASHINGTON (ORDO NEWS) — Oil production in the world is declining rapidly due to the implementation of the OPEC…
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History of the OPEC + oil pact
US, WASHINGTON (ORDO NEWS) — The OPEC + deal restricting global oil production in 3.5 years will be executed in…
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How Moscow quarreled with Riyadh over freeloaders aboard OPEC and why it all ended in a collapse
US, WASHINGTON (ORDO NEWS) — The confrontation between the leading oil powers – Saudi Arabia, Russia and the United States…
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OPEC discuss a possible 10 million b/d production cut
US, WASHINGTON (ORDO NEWS) — OPEC + group of crude oil exporters are discussing a reduction in global supplies by…
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Oil rises rapidly before meeting OPEC
US, WASHINGTON (ORDO NEWS) — Oil prices rose sharply on Friday April 3 after the announcement of the meeting of…
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OPEC is preparing an appeal to oil-producing countries
US, WASHINGTON (ORDO NEWS) — OPEC is preparing an appeal to oil-producing countries about the upcoming OPEC + meeting, where…
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OPEC meeting will be held April 6 in a video conference
US, WASHINGTON (ORDO NEWS) — The OPEC + meeting on stabilization of oil prices will be held on Monday in…
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No arrangements yet for the OPEC meeting
US, WASHINGTON (ORDO NEWS) — OPEC sources said on Thursday that there were no arrangements yet for a meeting between…
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