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1. www.opec.org › opec_web › enOPEC’s 2022 Annual Statistical Bulletin launched in Vienna

   www.opec.org › opec_web › en

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   Jun 28, 2022 · OPEC Member Countries exported an average of 19.66 mb/d of crude oil in 2021, a slight decrease of about 0.04 mb/d, or 0.2 per cent, compared to 2020 and remaining below pre-pandemic levels. Following the pattern seen in previous years, the bulk of crude oil from OPEC Member Countries — 14.24 mb/d or 72.4 per cent — was exported to Asia.

2. www.npr.org › 2022/10/05 › 1126754169OPEC+ makes deep oil output cuts sought by Saudi Arabia and ...

   www.npr.org › 2022/10/05 › 1126754169

   Oct 5, 2022 · The 2 million bpd cut in oil production was backed by Saudi Arabia and could benefit Russia. The OPEC+ meeting took place as much of the world is battling soaring energy costs and rising inflation.

   • Author: Jackie Northam

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4. www.opec.org › opec_web › enMonthly Oil Market Report 2022 - OPEC

   www.opec.org › opec_web › en

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   The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance. In an effort to continuously enhance the service provided to our readers, we are pleased to announce that the analysis provided in the OPEC Monthly Oil Market Report is now more accessible than ever.

5. www.ft.com › content › 9da4cd41-fcc4-4c13-938d-00ff8Opec and allies agree further gradual increase in oil production

   www.ft.com › content › 9da4cd41-fcc4-4c13-938d-00ff8

   Feb 2, 2022 · The gradual rises in production have helped oil rally strongly in 2022, surpassing a seven-year high in January to trade at more than $90 a barrel for the first time since 2014.

6. www.bbc.com › news › business-61188579Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com › news › business-61188579

   Jun 5, 2023 · In 2016, when oil prices were particularly low, Opec joined forces with 10 other oil producers to create Opec+. One of the members of the expanded group is Russia, which also produces more than 10 ...

7. www.vox.com › money › 2023/4/3Why oil prices are up and what it ~ means ~ for you - Vox

   www.vox.com › money › 2023/4/3

   Apr 3, 2023 · On Sunday, OPEC+, meaning the Organization of Petroleum Exporting Countries (OPEC), and its allies, the plus sign, announced it would cut production by over 1 million barrels of crude oil a day ...

8. People also ask

   How much crude oil did OPEC export in 2021?

   • OPEC Member Countries exported an average of 19.66 mb/d of crude oil in 2021, a slight decrease of about 0.04 mb/d, or 0.2 per cent, compared to 2020 and remaining below pre-pandemic levels. Following the pattern seen in previous years, the bulk of crude oil from OPEC Member Countries — 14.24 mb/d or 72.4 per cent — was exported to Asia.

   OPEC’s 2022 Annual Statistical Bulletin launched in Vienna

   www.opec.org/opec_web/en/press_room/6937.htm

   See all results for this question

   Will OPEC+ cut cause a rise in oil prices?

   • Other members of the oil producers' group Opec+ agreed to keep their output levels unchanged, having made cuts of more than one million barrels a day last April. Oil analysts do not expect the most recent cut to cause a big rise in world crude prices. What is Opec+?

   Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com/news/business-61188579

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   How much oil will OPEC cut in 2022?

   • Saudi Arabia, Russia and other members of the OPEC+ group of oil-producing countries have already pledged oil output cuts of about 5 million barrels per day (bpd), or about 5% of daily global demand, in a series of steps that started in late 2022.

   Explainer-OPEC+ Oil Policies: What Cuts Are Already in Place and What

   money.usnews.com/investing/news/articles/2023-11-21/explainer-opec-oil-policies-what-cuts-are-already-in-place-and-what-could-change

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   How much oil does OPEC produce?

   • Opec nations produce about 30% of the world's crude oil. Saudi Arabia is the biggest single oil supplier within the group, producing more than 10 million barrels a day. In 2016, when oil prices were particularly low, Opec joined forces with 10 other oil producers to create Opec+.

   Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com/news/business-61188579

   See all results for this question

   Will Russia's oil production go down if OPEC+ cuts?

   • Rousseau says even if OPEC+ announces a sharp reduction, Russia's production isn't actually going to go down — because the country is already producing well below its quota due to sanctions and the inability to develop investment in new oil infrastructure. Saudi Arabia, he says, may need to handle the bulk of any potential production cut.

   OPEC+ makes deep oil output cuts sought by Saudi Arabia and ... - NPR

   www.npr.org/2022/10/05/1126754169/opec-oil-production-cut

   See all results for this question

   What is the OPEC Monthly oil market report?

   • The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance. In an effort to continuously enhance the service provided to our readers, we are pleased to announce that the analysis provided in the OPEC Monthly Oil Market Report is now more accessible than ever.

   Monthly Oil Market Report 2022 - OPEC

   www.opec.org/opec_web/en/publications/6809.htm

   See all results for this question

9. money.usnews.com › investing › newsExplainer-OPEC+ Oil Policies: What Cuts Are Already in Place ...

   money.usnews.com › investing › news

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   Nov 21, 2023 · Russia's 2024 target is based on a revision announced by OPEC on June 13. **** Figure is total for Bahrain, Brunei, Malaysia, Sudan and South Sudan ^ Includes extra voluntary cuts when announced