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Tag Archives: OPEC

Azerbaijan supports daily oil output hike within OPEC+

Azerbaijan-OPEC

At the 31st Ministerial Meeting of OPEC and non-OPEC countries, Azerbaijan supported a decision to increase daily oil output by 100,000 barrels in September, Azernews reports per the Energy Ministry. According to the quota set for September, the daily crude oil production in Azerbaijan is expected to reach 718,000 barrels. …

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Azerbaijan supports oil production increase within OPEC+ in Jan

Azerbaijan-OPEC

Azerbaijan has supported the decision made on increasing daily oil production within the OPEC+ agreement by 400,000 barrels for January 2022, the Energy Ministry has reported on its website. The decision was taken at the 23rd Ministerial Meeting of the OPEC and non-OPEC countries. Energy Minister Parviz Shahbazov stated that …

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Azerbaijan supports extension of OPEC+ deal

Azerbaijan

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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