The Saudi-led OPEC oil cartel and allied producing countries, including Russia, are expected to decide how much oil to supply to the global economy amid weakening demand in China and uncertainty about the impact of new Western sanctions against Russia...
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OPEC+ Gathers to Decide Output, With Russia Oil-Price Cap LoomingDelegates and analysts said members of the group have been discussing three scenarios—keeping production the same, cutting output a little or even raising levels.
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OPEC+ Keeps Oil Curbs Despite Russia Price CapOPEC+ said it will stick to its oil-output cuts amid mounting concerns over Covid lockdowns in China and uncertainty over Russia’s ability to export crude
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Coming OPEC+ meeting draws close scrutiny after Biden's Saudi spatThe White House has worked to temper expectations ahead of a highly anticipated OPEC+ meeting, the first since the group moved to slash output ahead of the midterm elections, placing the Biden administration at the center of a public spat with Saudi Arabia.
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OPEC+ seen heading for oil policy rollover, cut not ruled outOPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources said on Friday, although some say a further output cut is not completely off the table given concern about economic growth and demand.
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OPEC+ will keep oil policy unchanged in review talks, sources sayOPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, a day after the Group of Seven (G7) nations agreed a price cap on Russian oil.
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