OPEC

OPEC warns of consequences of sanctions against Russia

Published on: April 12, 2022
10:40

Vienna, Apr 12 (Prensa Latina) The secretary general of the Organization of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, warned that the sanctions against Russia could unleash one of the worst oil supply crises in history.

OPEC expects crude surplus in December

Published on: November 17, 2021
00:15

Abu Dhabi, Nov 17 (Prensa Latina) The Organization of the Petroleum Exporting Countries (OPEC) said that there might be a crude surplus in December, and urged to be cautious due to a possible slowdown in demand.

OPEC decides to maintain the pace of oil production

Published on: November 4, 2021
16:17

Vienna, Nov 4 (Prensa Latina) The Organization of Petroleum Exporting Countries (OPEC) decided today to maintain the rhythm of monthly production increases by 400,000 barrels per day until 2022 despite the US pressure to outstrip supply.

Venezuela’s oil production at 650 thousand barrels per day

Published on: October 13, 2021
14:55

Caracas, Oct 13 (Prensa Latina) Venezuela's oil production reached 650 thousand barrels per day in September, according to the official statistics bulletin of the Organization of Petroleum Producing Countries (OPEC), disclosed today by the local press.

OPEC forecasts increase in oil demand until 2035

Published on: September 28, 2021
16:34

Vienna, Sep 28 (Prensa Latina) The Organization of Petroleum Exporting Countries (OPEC) projected today a rise in demand for crude oil until 2035, and the recovery of consumption for 2023 following the fall caused by the Covid-19 pandemic.

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.

NEWS