OPEC

OPEC+ maintains oil production targets for November

Published on: October 5, 2026
08:43

Washington, Oct 5 (Prensa Latina) OPEC+ agreed to keep its production targets unchanged for November, in light of maritime shipping disruptions caused by the conflict in the Middle East, which are affecting crude oil production and exports.

UAE leaving OPEC under scrutiny

Published on: April 30, 2026
22:19

London, Apr 30 (Prensa Latina) The announcement that the United Arab Emirates (UAE) will leave the Organization of the Petroleum Exporting Countries (OPEC) next May is generating anticipation among market analysts.

Venezuela reaffirms cooperation with OPEC

Published on: September 14, 2021
13:20

Caracas, Sep 14 (Prensa Latina) President Nicolas Maduro reiterated on Tuesday that Venezuela will continue to work with the Organization of Petroleum Exporting Countries (OPEC) to strengthen the post-pandemic economy.

OPEC estimates increase in oil demand

Published on: July 15, 2021
13:45

Vienna, Jul 15 (Prensa Latina) The Organization of Petroleum Exporting Countries (OPEC) estimated today that the demand for crude oil will increase 4.8 percent in the second half of this year, and will continue to rise in 2022.

OPEC+ meeting canceled for production agreement

Published on: July 6, 2021
07:17

Vienna, Jul 6 (Prensa Latina) OPEC+ canceled a scheduled meeting Monday, dashing hopes for an agreement to production to satisfy the world´s growing demand for oil.

OPEC+ postpones meeting without consensus on production levels

Published on: July 6, 2021
01:42

Vienna, Jul 6 (Prensa Latina) OPEC+ postponed without fixing a date for Monday's meeting in which they expected to reach a consensus on oil production after several days of debate last week.

OPEC expects higher oil demand for second half 2021

Published on: June 10, 2021
15:02

Vienna, Jun 10 (Prensa Latina) The Organization of the Petroleum Exporting Countries (OPEC) expects the recovery in demand for crude oil to accelerate in the second half of 2021.

Venezuela reiterates support for OPEC’s oil adjustments

Published on: June 1, 2021
13:13

Caracas, Jun 1 (Prensa Latina) The sectorial vice president for the Economy, Tareck El Aissami, noted on Tuesday that Venezuela will continue to support the adjustments implemented by the Organization of Petroleum Exporting Countries (OPEC).

Major oil exporting countries increase pumping

Published on: May 12, 2021
00:15

Vienna, May 12 (Prensa Latina) The Organization of the Petroleum Exporting Countries (OPEC) reported that their joint production increased to 25.08 million barrels a day (mbd) in April.

OPEC raises 2021 oil demand growth prediction on hope pandemic wanes

Published on: April 15, 2021
00:15

Vienna, Apr 15 (Prensa Latina) The Organization of Petroleum Exporting Countries (OPEC) raised its prediction for growth of the world oil demand this year on expectations that the pandemic will subside, providing help for the group and its allies in their efforts to support the market.

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