Noticias S

VIENNA, Oct. 4 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, will keep their oil output level unchanged for the second consecutive month in November, OPEC said in a statement on Sunday. The decision was made after a virtual meeting of OPEC+ member countries, including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, to review global market conditions and the economic outlook. "The seven participating countries decided to maintain September 2026 required production for November 2026," the statement noted. The seven OPEC+ countries had been raising oil output on a monthly basis from April to September this year. In October, the seven countries paused their oil output increases. OPEC said the seven countries w...

PARIS, Oct. 3 (Xinhua) -- Around 325 million barrels of oil have been released from strategic reserves, said the International Energy Agency (IEA) on Saturday. It represented over 80 percent of the 400 million barrels originally pledged from the collective action announced by the IEA in March. According to an IEA press release, IEA Executive Director Fatih Birol said Friday during a virtual meeting of Group of Seven (G7) leaders that the energy market impacts of the Strait of Hormuz crisis remained acute, especially in diesel markets. He stressed the IEA's ongoing work to support energy security. The G7, in coordination with the IEA, will release up to 100 million barrels of diesel and other oil reserves over the next four months, according to a joint G7 leaders' statement released b...

Tag: oil

OPEC+ to maintain oil output for second consecutive month in November-Xinhua

325 mln barrels of oil released from strategic reserves: IEA-Xinhua