Search results
2050
- By 2050, OPEC and Russia are projected to make up 58% of output.
Dec 2, 2021 · Data from the IEA shows that OPEC and Russia’s share of oil production could climb from 47% in 2020 to 49% in 2030 if countries meet all of their announced climate pledges in full.
- Oil prices: OPEC and Russia stick with plans to increase oil ...
According to estimates from the International Energy Agency,...
- Oil prices: OPEC and Russia stick with plans to increase oil ...
Dec 2, 2021 · According to estimates from the International Energy Agency, OPEC and Russia could account for 58% of global oil supply by 2050, up from 46.5% last year, as other countries — including the...
Jul 24, 2024 · According to OPEC, the entire over-produced volumes will be fully compensated for over the next 15 months through September 2025, with Russia ‘paying back’ a cumulative 480 kb/d, Iraq 1,184...
- Alex Kimani
Sep 11, 2024 · OPEC and its partners from Central Asia and Russia earlier this month delayed a rollback in production cuts agreed in 2023 to stem the decline in oil prices. This means OPEC+ will produce...
Dec 21, 2023 · On November 30, 2023, OPEC (Organization of the Petroleum Exporting Countries) and its allies, collectively known as OPEC+, agreed to cut oil production by 1 million barrels per day (bpd)...
May 24, 2024 · Before November 2023, OPEC+ was making production cuts of about 5 million bpd, comprising 1.3 million bpd of Saudi and Russian voluntary cuts put in place earlier in 2023, and 3.66 million bpd...
Dec 4, 2023 · Also, given the scale of cuts we are seeing, OPEC is sitting on a substantial amount of spare capacity. If we include Iran, OPEC has around 5.5MMbbls/d of spare capacity. And this will only increase over 1Q24 following the latest announced reductions. 58% of this sits with Saudi Arabia.
