Opec news

Here are some recent news updates from OPEC (Organization of the Petroleum Exporting Countries):

Latest News

  1. OPEC+ agrees to increase oil production: On July 18, 2022, OPEC+ agreed to increase oil production by 648,000 barrels per day (b/d) in August, following a meeting in Vienna, Austria. This decision aims to ease global oil supply concerns and stabilize prices. (Source: Reuters)
  2. OPEC's oil output rises in June: According to OPEC's latest monthly report, the cartel's oil output rose by 130,000 b/d in June to 28.4 million b/d, driven by increased production from Saudi Arabia, Iraq, and the United Arab Emirates. (Source: Bloomberg)
  3. OPEC sees slower oil demand growth in 2022: In its latest monthly report, OPEC revised down its forecast for global oil demand growth in 2022, citing concerns over the impact of high prices and economic uncertainty. (Source: CNBC)

Recent Developments

  1. OPEC+ meeting in July: OPEC+ is scheduled to meet on July 3, 2022, to discuss oil production levels and market conditions. The meeting is expected to be closely watched by investors and analysts.
  2. Iran's oil production increases: Iran's oil production has increased by 100,000 b/d in June, according to OPEC's latest report, as the country continues to ramp up production following the lifting of US sanctions. (Source: Financial Times)
  3. Venezuela's oil production declines: Venezuela's oil production has declined by 100,000 b/d in June, according to OPEC's latest report, due to ongoing economic and political challenges facing the country. (Source: Bloomberg)

Upcoming Events

  1. OPEC+ meeting in August: OPEC+ is scheduled to meet on August 3, 2022, to discuss oil production levels and market conditions.
  2. OPEC's World Oil Outlook: OPEC is set to release its World Oil Outlook report in September 2022, which will provide an update on the cartel's forecasts for global oil demand and supply.

Recent Reports

  1. OPEC's Monthly Oil Market Report: OPEC's latest monthly report provides an update on the cartel's oil production, consumption, and inventory levels, as well as its forecasts for global oil demand and supply.
  2. OPEC's World Oil Outlook: OPEC's World Oil Outlook report provides a comprehensive analysis of the global oil market, including forecasts for oil demand, supply, and prices.

I hope this information is helpful!