Tag: quotas
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Oil production quotas for OPEC+ countries from January to December 2024
The oil production quotas for OPEC + countries over the next year (2024) are witnessing a noticeable discrepancy, after the coalition ministers decided during their meeting today, Sunday (June 4, 2023), to amend the base month – through which the quotas are calculated, whether by decrease or increase – in the period From January 1…
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OPEC President calls for “caution” before adjusting oil production quotas
The head of the OPEC Conference, Gabriel Mbaga Obiang Lima, called for caution before making any change to the production quotas of the OPEC+ alliance. Obiang Lima – who chairs the 2023 OPEC conference – confirmed that it would be “wise” for the OPEC + alliance to wait until there is more clarity about the…
