In the April-September period, output by the eight members unwinding an output cut grew by 2 million b/d, with September seeing near on-target compliance.
Crude oil production by the 22-member Opec-plus group rose by 560,000 barrels per day in September to reach 43.17 million b/d, according to Energy Intelligence’s preliminary assessment, the highest level of output since February 2023.
Terms & Conditions, Privacy Policy
and Cookies Policy
SINGLE SIGN-ON
To learn more about Single Sign-On, click here
The producer group opted for another 137,000 b/d output ramp-up for November, as a number of observers had anticipated.
The producer group is expected to wrap up its current production cut unwinding in September, but its next steps forward are…
Overall compliance has improved but remains an issue as Kazakhstan in particular continues to struggle to rein in overproduction.
RIYADH: The OPEC+ alliance has agreed to increase oil production by 547,000 barrels per day in September, citing improved global…
Speculation is swirling around the group's future path after three months of accelerated unwinding.
Eight Opec-plus producers are scheduled to meet on Sep. 7 to discuss the separate voluntary production cuts agreed by those same…
