OPEC & China
26 shared events · Importance 3 · Last updated Jul 06, 2026
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International
OPEC: OPEC+ agreed to increase crude oil production quotas, which could lead to an oversupply if demand does not keep pace.
China: China, as the world's biggest crude importer, dramatically cut back on purchases during the Iran war, influencing Brent prices. Its return to the market is crucial for absorbing increased OPEC+ supply.
Jul 06, 2026 · 6 articles
International
OPEC: OPEC, along with its allies in OPEC+, agreed to increase oil production targets, influencing global oil supply and prices. The organization faces challenges with member departures and requests for higher quotas.
China: Lower Chinese crude imports contributed to the pressure on oil prices.
Mar 09, 2018 · 100 articles
International
OPEC: Iran is the third-largest producer in OPEC, and the disruption to its oil exports due to the conflict has implications for global oil markets.
China: China>>>, the world's second-largest oil consumer, has sharply reduced its seaborne crude imports due to higher prices, introducing uncertainty into global demand calculations.
Apr 20, 2026 · 508 articles
International
OPEC: The OPEC' historical market management was referenced in comparison to China's current actions.
China: China, as the world's biggest oil importer, curtailed buying and utilized its large oil reserves, along with its electric vehicle adoption, to ease global demand pressure during the crisis.
Apr 20, 2026 · 22 articles
International
OPEC: OPEC+ countries announced an increase in crude production by 206,000 barrels per day in April to mitigate supply concerns arising from the conflict.
Mar 01, 2026 · 6 articles
International
OPEC: OPEC agreed to a modest oil output boost for April, but this is largely insufficient to offset the supply disruptions caused by the Middle East conflict.
Mar 01, 2026 · 42 articles
International
OPEC: OPEC is negatively impacted by the United Arab Emirates' departure, which deals a blow to the cartel's unity and influence in managing global oil supplies.
Apr 22, 2026 · 302 articles
International
OPEC: OPEC+ agreed to a modest output increase of 206,000 bpd, which is insufficient to offset potential supply losses from the Strait of Hormuz closure.
Feb 28, 2026 · 35 articles
International
OPEC: OPEC+ agreed to lift oil output quotas, but the impact is limited as key members cannot boost production due to strait closures, indicating the severity of supply disruptions.
Apr 06, 2026 · 33 articles
International
OPEC: Venezuela is a member of OPEC, and the United States' actions to control its oil flows could have implications for the group's dynamics.
Jan 07, 2026 · 6 articles
International
OPEC: OPEC Plus announced an increase in oil production to mitigate the impact of the Middle East conflict on oil prices.
Feb 28, 2026 · 358 articles
International
OPEC: Iran is a member of OPEC, and the tariffs could indirectly affect the global oil market, though OPEC's direct role in this event is minimal.
Jan 12, 2026 · 8 articles
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