OPEC, Russia and allies, a group known as OPEC+, are likely to hold their next meeting to set oil policy on Jan. 4, two sources close to the group said Dec. 7.
OPEC+ agreed last week to raise oil output by 500,000 bbl/d in January and to hold monthly meetings starting in January to decide on further production adjustments that will add no more than 500,000 bbl/d a month.
A third source said the meeting date would be confirmed by the next gathering on Dec. 17 of the OPEC+ panel, the Joint Ministerial Monitoring Committee.
Recommended Reading
Shale Outlook Uinta: Horizontal Boom to Continue in 2025
2025-01-11 - After two large-scale transactions by SM Energy and Ovintiv, the Uinta Basin is ready for development—and stacked pay exploration.
Biofuels Sector Unsatisfied with Clean Fuels Credit Guidance
2025-01-10 - The Treasury Department released guidance clarifying eligibility for the 45Z credit and which fuels are eligible, but holes remain.
Shale Outlook: Power Demand Drives Lower 48 Midstream Expansions
2025-01-10 - Rising electrical demand may finally push natural gas demand to catch up with production.
Exxon Mobil Appoints Imperial’s Evers to Managerial Role
2025-01-10 - Sherri Evers, Imperial Oil’s senior vice president of sustainability, commercial development and product solutions, has been appointed general manager for Exxon Mobil North America Lubes.
Energy Transition in Motion (Week of Jan. 10, 2025)
2025-01-10 - Here is a look at some of this week’s renewable energy news, including guidance on technology-neutral clean electricity credits.