... on debt. Impacts The threat of production increases could be used by Saudi Arabia to achieve greater compliance from other OPEC+ members. There is still potential for production interruptions from countries such as Libya due to domestic political divisions. The PIF could move with limited...

...Oxford Analytica Significance OPEC+’s approach is crucial for oil prices and the budgets of the economies involved, and for global inflation and monetary policy. Tensions within OPEC, and between OPEC and non-OPEC members of OPEC+, would make it difficult for OPEC+ to deepen cuts or even sustain...

... or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites. 2024 International INT OPEC economy energy gas natural resources oil...

... advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites. 2024 Russia RUCIS OPEC economy industry international...

...: Decoupling from West looks to be long-term - April 5, 2023). Russia RUCIS China EU G8 Gulf states India OPEC Saudi Arabia Turkey United States Europe G20 economy industry international relations fiscal foreign policy foreign trade oil sanctions gas shipping prices...

.... It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites. 2024 Greece EUR EU OPEC economy...

... the agreement of nearly 200 countries, but a small number, including Saudi Arabia and other OPEC+ nations, reject a 'phase-out', advocating milder language. Rhetoric on both sides of the debate has framed the matter as existential. While Nigerian State Minister of the Environment Iziaq Kunle Salako claimed...

... of Ukraine in February 2022. The UAE has emerged as a key trading and investment partner for Russia after it refused to adopt Western-led sanctions against Russia. Meanwhile, Moscow has been cooperating with Saudi Arabia in the OPEC+ format to manage global oil supplies. Both Gulf countries have remained...

...Oxford Analytica Headline BRAZIL: Lula backs away from OPEC+ amid pressures BRAZIL: Speaking at the COP28 climate summit in Dubai yesterday, President Luiz Inacio Lula da Silva said that Brazil would join OPEC+ only as an observer in a bid to influence the group's policies and would never become...

... or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites. 2023 Russia RUCIS OPEC Iraq Kazakhstan Kuwait Oman Saudi Arabia economy...

... for accuracy the contents of said sites. 2023 Russia OPEC ME/NAF RUCIS RUSSIA: The price for Russia's Urals export blend of crude oil rose in August, exceeding the G7 price cap of USD60 per barrel and encouraging Russian producers to increase exports. Officials from the Finance Ministry said...

... or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites. 2023 Saudi Arabia ME/NAF International OPEC economy fiscal growth oil...

... to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites. 2023 Russia RUCIS OPEC Ukraine PROSPECTS H2 2023 economy industry international relations politics social fiscal...

... International RUCIS OPEC KAZAKHSTAN/INT Fossil fuels KAZAKHSTAN/INT: Kazakhstan is pressing ahead with its USD16.bn claim launched in April against the oil majors operating the Kashagan and Karachaganak oilfields, Energy Minister Almasadam Satkaliyev said yesterday. Eni, Shell and KazMunayGaz...

...Oxford Analytica Headline OPEC: OPEC has announced a small oil supply cut OPEC: The OPEC+ bloc yesterday agreed to cut oil supply by 100,000 barrels a day (b/d) in October, which will take output back to the August level. It increased supply by 100,000 b/d in September as scheduled. It is next...

... that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites. 2022 Venezuela LA/C EU Iran Latin America OPEC Russia United States economy...

... and political instability have left Iraq's economy one of the region's least-diversified. Oil accounts for around 40% of GDP and over 90% of export and fiscal revenues. Although oil production capacity of around 4.7 million barrels per day (b/d) is the second-largest in OPEC after Saudi Arabia, Iraq has...

...Oxford Analytica Significance Neither Moscow nor the countries which have imposed sanctions on it wish to damage energy trade, but some disruption to Russian oil product flows is likely. The oil market is already tight and OPEC has been unable to deliver its planned output increases. Impacts...

... the average Urals-blend crude price will turn out at USD66 per barrel this year, falling to USD62 next year under its base case scenario and USD58 in its conservative scenario. Russia RUCIS CIS OPEC economy industry climate corporate environment fiscal foreign trade investment oil...

...Oxford Analytica Significance Capacity has fallen by around 15% over the past four years and is below the country’s official OPEC baseline. COVID-19 and difficult executive-legislative relations in 2020-21 have interfered with oil sector project delivery. Impacts As projects flounder, Kuwait...