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Angola leaves OPEC over a dispute on crude oil production quotas.
2023-12-21

Brent crude oil prices increase by $4.30 to $84.19 per barrel after OPEC announces an unexpected reduction in the output of oil exports by about 1.16 million barrels per day. U.S. crude oil prices increase by $4.17 to $79.84 per barrel in response to the announcement.
2023-04-3

OPEC+ members, particularly Saudi Arabia and the United Arab Emirates, reach an agreement to increase oil production, ending disputes that caused prices to reach their highest level since 2014. Per the terms of the agreement, Russia will increase its production from 11 million barrels to 11.5 million by May 2022, while the other members will increase their production by 400,000 barrels per day starting in August.
2021-07-18

OPEC and allies strike a deal to cut oil production by 9.7 million barrels per day, the largest such cut agreed upon, starting May 1.
2020-04-12

Qatar announces that it is withdrawing from OPEC in January 2019, after almost 60 years of membership, to focus on natural gas production.
2018-12-3

OPEC agrees to cut oil production by 1.2 million barrels a day. Key non-OPEC producers most notably Russia have also agreed to cut their production. Oil futures have risen by 9%.
2016-11-30

The meeting in Doha, Qatar, of the world's top oil producers, from both OPEC and non-OPEC countries, fails to agree on an output freeze. Oil analysts say the failure was due to Iran's non-participation, and Saudi Arabia linking its cooperation to Iran's inclusion. Oil prices drop in early Asian trading and on the New York Mercantile Exchange.
2016-04-18

Members of OPEC meet in Doha, Qatar, amid uncertainty in the markets and the outcome of the meeting. Since 2014, the price of oil has dropped dramatically. Analysts hope that an agreement to freeze output will reassure global energy markets that the recent recovery in prices is sustainable.
2016-04-17

Iran says that it plans to increase its crude oil output until it achieves pre-sanction levels, although that contravenes OPEC efforts to restrain output.
2016-02-17

Former Iranian Prime Minister Mir-Hossein Mousavi is hospitalized after a heart attack.
2011-08-25