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4 days ago | 
bloomberg.com | Grant Smith |Julian Lee |Bill Lehane
Pipes feed crude oil to a tanker at the Ras Tanura oil refinery in Saudi Arabia. (Bloomberg) -- OPEC raised oil production last month as the group began a series of accelerated increases spurred by Saudi Arabia, according to a Bloomberg survey. The 12 members of the Organization of the Petroleum Exporting Countries boosted supplies by 200,000 barrels a day in May to 27.54 million barrels a day, the survey showed. The Saudis accounted for about half of the increase.
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1 week ago | 
financialpost.com | Grant Smith |Sam Dagher
Article content(Bloomberg) — OPEC+ is considering accelerating its production increases by discussing a potential hike of more than 411,000 barrels a day for July as it seeks to recoup lost market share, according to people familiar with the matter. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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1 week ago | 
bloomberg.com | Grant Smith |Sam Dagher
Have a confidential tip for our reporters? Before it’s here, it’s on the
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1 week ago | 
bloomberg.com | Grant Smith |Sam Dagher
(Bloomberg) -- OPEC+ is considering accelerating its production increases by discussing a potential hike of more than 411,000 barrels a day for July, according to people familiar with the matter. Eight key members of the Organization of the Petroleum Exporting Countries and its partners are due to hold a video conference on Saturday to discuss output policy.
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1 week ago | 
bloomberg.com | Nariman Gizitdinov |Grant Smith
A pumping unit draws oil at a field in Kazakhstan. (Bloomberg) -- Kazakhstan said it can’t cut oil production right now, and even hopes to increase output beyond planned levels later this year, deepening a stand-off with its OPEC+ counterparts. Output is more than 70% controlled by 3 large international consortiums and “the republic has no right to enforce production cuts” on their fields, Energy Minister Yerlan Akkenzhenov told reporters in Astana on Thursday.
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1 week ago | 
bloomberg.com | Grant Smith |Fiona MacDonald |Nayla Razzouk
La OPEP+ se reunirá el miércoles para revisar las cuotas de producción para este año y el próximo, antes de que ocho miembros clave decidan este fin de semana si volver a reforzar la producción en julio. Varios delegados dijeron que esperan que la Organización de Países Exportadores de Petróleo y sus socios mantengan sin cambios sus objetivos a largo plazo para 2025 y 2026, que sustentan sus actuales restricciones de suministro.
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1 week ago | 
bloomberg.com | Grant Smith |Fiona MacDonald |Nayla Razzouk
(Bloomberg) -- OPEC+ ratified group-wide production quotas for this year and next, ahead of a decision by eight key members at the weekend whether to bolster output again in July. The Organization of the Petroleum Exporting Countries and its partners reaffirmed their longer-term targets for 2025 and 2026, which underpin its current supply restraints, according to a statement after a video conference on Wednesday.
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1 week ago | 
bloomberg.com | Grant Smith |Nariman Gizitdinov
La OPEP+ adelantó un día, al 31 de mayo, la videoconferencia en la que se decidirán los niveles de producción de petróleo de julio para ocho miembros clave, según informaron los delegados. El subgrupo de ocho países liderado por Arabia Saudita y Rusia mantuvo la semana pasada conversaciones preliminares sobre un nuevo aumento extraordinario de la producción de alrededor de 411.000 barriles diarios por tercer mes consecutivo, que se ultimará durante su conferencia telefónica.
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1 week ago | 
bloomberg.com | Grant Smith |Nariman Gizitdinov
The Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia. (Bloomberg) -- OPEC+ brought forward a video-conference that will decide July oil production levels for eight key members by one day to May 31, delegates said.
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2 weeks ago | 
bloomberg.com | Fiona MacDonald |Grant Smith
Los miembros de la OPEP+ están debatiendo la posibilidad de llevar a cabo un tercer aumento consecutivo en la producción de petróleo en julio, decisión que se tomará en la reunión del grupo prevista para dentro de poco más de una semana, según informaron los delegados.
