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Opec Members

OPEC+ has announced oil production cuts

Explained: OPEC+ Oil Production Cuts, Concerns Over Price Hike, And How Is The World Reacting

Oil prices have started to rise with the announcement of OPEC+ countries to reduce oil production. Lower supply would result in higher prices, which would worsen situations in countries already reeling under inflation.

08 October 2022

OPEC Secretary-General Is Dead, Nigerian Officials Announce

Mohammad Barkindo, 63, died late Tuesday, a spokesperson for Nigeria's petroleum ministry told The Associated Press. The reason for his death was not immediately known

06 July 2022

OPEC+ Keeps Cautious Oil Production Despite Biden Pressure

The OPEC+ alliance, made up of OPEC members led by Saudi Arabia and non-members led by Russia, approved an increase in production of 400,000 barrels per day for the month of December.

05 November 2021

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