Production quotas

OPEC+ Approves September Oil Output Increase as Voluntary Cut Rollback Ends

OPEC+ approved an oil production quota increase of about 188,000 barrels per day from September, the producer group said on August 2, completing the unwinding o…

Metal

Indonesia Shortens Mining Production Quotas to One Year

Indonesia has announced a revision to its mining production quota system, reducing the validity period from three years to one year, effective 3 October. The go…

Oil Price

Video: Oil Prices Pushed Up By Rivalry Between Saudi Arabia & UAE, Why Are These Two Gulf Nations Sparring?

​A public rift between the UAE & Saudi Arabia over oil production quotas has led to soaring oil prices.

Crude Oil

OPEC Discussing Deal to Raise Oil Production by 2 million b/d by December: Sources

OPEC and its allies appear in striking distance of a deal on production quotas, discussing proposals that call for an output increase of about 2 million b/d fro…