What are OPEC and OPEC+? How do they influence oil prices?
Nov 11, 2022 · Another 10 major oil producing countries including Russia have aligned with the group to form an alliance known as OPEC+. OPEC produces about 40% of the world’s crude …
5 trends shaping the energy world in 2025 | World Economic Forum
Mar 3, 2025 · OPEC+ faces another testing year. The strategy to support price has worked well, but holding the Brent price above $80/barrel for the fourth year in a row in 2025 looks very …
US trade policy turmoil shakes the global economy, and other key ...
Apr 15, 2025 · US tariffs overwhelmed expectations, and dramatic market responses were followed by policy reversals. Meanwhile Germany geared up for a spending spree and poverty …
Europe blackouts turn spotlight on power systems - and more top …
May 9, 2025 · This round-up brings you the key stories from the energy sector over recent weeks. Top energy news: Blackouts shine light on power systems; Big year for carbon capture; $100 …
Egypt signs green hydrogen agreement - and other energy news
Mar 14, 2024 · Members of OPEC+ have agreed to extend their voluntary cuts in oil output for another quarter. The organization had agreed in November 2023 to voluntary cuts totaling …
How vulnerable is the global economy? Here’s what chief …
Sep 25, 2024 · Amid vulnerabilities, the global economy appears to be stabilizing, according to the latest Chief Economists Outlook. Six chief economists offered insights into their assessments.
Russian oil, gas, coal flows may stop even without sanctions
Mar 2, 2022 · It's likely that pressure will be ramped up on members of the Organization of the Petroleum Exporting Countries (OPEC) to boost output rapidly, and abandon the current …