OPEC & Russia
39 shared events · Importance 5 · Last updated Jul 06, 2026
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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.
Russia: Russia, as a key member of OPEC+, agreed to increase its oil output by 62,000 bpd in August. Its crude exports have also increased due to damaged refineries from Ukraine's drone attacks.
Mar 09, 2018 · 100 articles
International
OPEC: OPEC+ agreed to increase crude oil production quotas, which could lead to an oversupply if demand does not keep pace.
Russia: Russia is an allied producer within OPEC+ and is part of the agreement to lift oil production quotas.
Jul 06, 2026 · 6 articles
International
OPEC: OPEC+ is an alliance of oil-producing nations that coordinates global crude oil production to manage and stabilize prices. Its internal divisions and production decisions significantly influence global oil supply and prices.
Russia: Russia is a non-member nation of OPEC+ that coordinates with the group. Its potential return to full supply after a resolution in Ukraine could add more oil to the market, impacting prices.
Jul 06, 2026 · 6 articles
International
OPEC: OPEC faces a significant challenge with Iraq, its second-largest producer and a founding member, threatening to leave if its oil quota is not raised. This potential departure, following the United Arab Emirates' exit, could further destabilize the group and impact its influence on global oil markets.
Russia: Russia, as part of OPEC+, is involved in the review of members' oil production capacity. A Russian oil source indicated that a slight increase in Iraq's quota might help, suggesting a potential role in mediating the situation.
Jun 25, 2026 · 34 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.
Russia: Russia is mentioned as the location where Iran's ambassador made the statements, but Russia's direct involvement in the Strait of Hormuz fee dispute is not detailed.
Apr 20, 2026 · 508 articles
International
OPEC: OPEC+ is considering a larger-than-planned oil output increase in response to geopolitical tensions, aiming to stabilize oil markets.
Feb 28, 2026 · 7 articles
International
OPEC: OPEC agreed to a modest oil output increase, which is unlikely to calm markets amid supply disruptions.
Mar 01, 2026 · 8 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: India is in discussions with the OPEC regarding oil supplies.
Mar 05, 2026 · 6 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
Apr 13, 2026 · 6 articles
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