These 11 countries represent 41% of oil-production in the world and own more than 75% of known reserves. Founded in September 1960and based in Vienna (Austria), OPEC is in charge of co-ordinating and ...

According to the earlier approved plan, OPEC+ countries agreed to slash oil production by 2 mln barrels per day vs. the level in August 2022 from November 2022 TASS, April 13. OPEC countries ...

Balancing sustainable development with the need to address climate change is an important question, and one that OPEC Member Countries are embracing, HE Haitham Al Ghais, OPEC Secretary General ...

In turn, the OPEC countries will increase production by almost 13% by 2027, to 35.6 million bpd, the main increase in production will occur in 2022-2023 amid stabilization of the oil market MOSCOW ...