OPEC & Russia
29 shared events · Importance 12 · Last updated May 14, 2026
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International
OPEC: OPEC+ agreed to a modest oil output hike for June, a move designed to signal readiness to raise supplies once the Iran war stops and to show continuity despite the United Arab Emirates's exit.
Russia: Russia is one of the seven OPEC+ countries that agreed to the production adjustment to support oil market stability.
May 02, 2026 · 31 articles
International
OPEC: OPEC increased its oil production quota for June by 188,000 barrels per day, a move intended to demonstrate continuity after the United Arab Emirates' withdrawal and to support oil market stability.
Russia: Russia, the second-biggest OPEC producer, is struggling to meet its quotas despite high energy prices due to the war in Ukraine.
May 03, 2026 · 19 articles
International
OPEC: The departure of the United Arab Emirates, one of its largest producers, significantly weakens OPEC's control over global oil supplies and prices, potentially leading to disarray and reduced influence in managing oil markets.
Russia: Russia is mentioned as a major oil producer alongside Saudi Arabia, accused of dictating and manipulating OPEC+ decisions to advance its own interests, which contributed to the United Arab Emirates' dissatisfaction with the cartel.
Apr 28, 2026 · 222 articles
International
OPEC: OPEC lowered its forecast for global oil demand growth in 2026 due to the Iran war and the closure of the Strait of Hormuz, impacting its ability to deliver on output increases.
Russia: Russia is part of OPEC+, which had agreed to resume output increases, but the closure of the Strait of Hormuz has made it impossible to deliver on the deal.
May 13, 2026 · 6 articles
International
OPEC: OPEC and OPEC+ are negatively impacted by the United Arab Emirates' decision to quit, exposing discord among Gulf nations and potentially affecting global oil market stability.
Russia: Russia is a longstanding ally of Iran, with President Vladimir Putin offering words of support to Abbas Araghchi during his visit.
Apr 28, 2026 · 47 articles
International
OPEC: The OPEC is affected by the United Arab Emirates' decision to quit the group, which will complicate efforts to balance the oil market through supply adjustments.
Russia: The G7 finance ministers pledged to keep up pressure on Russia, though its war on Ukraine was more muted in discussions compared to the Middle East conflict.
Apr 02, 2026 · 45 articles
International
OPEC: OPEC, of which Iran is a member, could see reduced crude exports from Iran due to the United States blockade, although Iran may sustain production by storing oil.
Russia: Russia, as an energy exporter, stands to benefit from higher oil prices caused by the conflict, leading the IMF to upgrade its economic forecast for the country.
Apr 08, 2026 · 307 articles
International
OPEC: OPEC suffered a blow with the departure of the United Arab Emirates, impacting its ability to control oil production and prices.
Russia: Russia, a key backer of Iran, hosted Iran's foreign minister for discussions on the war, though its specific assistance in the current negotiations remains unclear.
Apr 27, 2026 · 80 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 is losing its third-largest producer, United Arab Emirates, which will weaken its leverage over global oil supplies and prices.
Russia: Russia exchanged attacks with Ukraine, killing and wounding dozens, with drone and missile strikes in Dnipro and other areas.
Apr 22, 2026 · 43 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+ 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
60
Russia plans to remain in OPECUAE Exits OPEC and OPEC+
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