OPEC again defers decision on quotas due to production uncertainties in some countries
OPEC is still unable to decide on specific figures on production quotas as Iran ramps up production and Libyan and Nigerian production remains unstable, OPEC General Secretary Abdallah Salem el-Badri said.
Time is needed in order to reach a final decision on how much to produce, he said.
Advertising
Advertising
MORE ABOUT
Trump asks Saudi Arabia, OPEC bring down cost of oil which could put immediate end to war in Ukraine
18:53, 23.01.2025
OPEC+ exceeds plan by 500,000 bpd in March; necessary to produce 200,000 bpd more in H2 for balance
21:20, 12.04.2024
OPEC+ ministers to meet again on Tues, no consensus reached
09:09, 05.01.2021
IEA: compliance with OPEC+ deal at 121% for OPEC in Sept, 37% for non-OPEC
13:39, 12.10.2018
Monitoring commission to require 100% OPEC+ compliance
15:02, 24.07.2017
LATEST
FAO intends to support 406,900 Ukrainian farmers in 2025
20:22, 24.02.2025
First cohort of REDpreneurUA participants present business plans for grant funding
17:07, 22.02.2025
Gas supply situation in Ukraine challenging but under control – Naftogaz CEO
20:15, 21.02.2025
K-FACTOR aims to capture up to 25% of Ukraine's market for grain carts in 3 years
18:17, 21.02.2025
IMF expects laws to be adopted to abolish 'Lozovy amendments,' create Higher Administrative Court