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Tag Archives: OPEC

Azerbaijan supports extension of OPEC+ deal


Azerbaijan has supported the extension of OPEC+ deal by the end of July, Trend reports citing the country’s energy ministry. The videoconference of OPEC and non-OPEC countries’ ministers decided to extend the deal to cut daily oil output by 9.7 million barrels by another month, till July 31. It was agreed that …

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OPEC crude output falls in December 2018

Global oil supply fell by 950 thousand barrels per day (kb/d) in December, led by lower OPEC output with 100.6 million barrels per day (mb/d) ahead of new supply cuts, according to data of the International Energy Agency (IEA) on Friday, Anadolu Agency reported. According to the IEA, a sharp …

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