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Tag: OPEC

OPEC+ sticks with planned oil production hike, supply concerns linger

OPEC+ has been slowly returning the nearly 10 million barrels per day it agreed to pull from the market in April 2020.Mazen Mahdi | Afp | Getty ImagesA group of some of the world's most powerful oil producers on Thursday agreed to stick...

Tough new sanctions on Russian oil could change the OPEC+ dynamic

OPEC+ is expected to stick to its current production agreement for now, but behind the scenes the oil-producing nations could be planning for the day when Russia's contribution to world oil supply could be far reduced.The European Union's move to ban most Russian...