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OPEC MEETING RESULTS
OPEC+ keeps oil output policy unchanged for OctoberOPEC+ maintained its oil output policy unchanged for October. The group needs to agree new quotas before deciding future output steps. The ...- Why did market rise today? Sensex surges 540 points, Nifty tops 24,770. 6 key factors fueling Rs 5 lakh crore rallyIndian stock markets experienced a significant surge on Monday. Nifty and Sensex indices both closed higher after positive news emerged. Pr...
- Global Market Today: Shares edge higher in Asia as oil dips, earnings loomAsian markets saw gains as Wall Street futures rose, buoyed by hopes of strong earnings and easing oil prices. Reduced inflation fears have...
- Will Sensex, Nifty continue to rally on Monday? Q1 earnings among 6 factors to drive Dalal Street this weekSensex gained around 262 points to close at 77,764 on Friday, while Nifty 50 rose more than 95 points to end the session above 24,270 durin...
- As OPEC+ meets, Iran war hobbles power to shape oil marketOPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...
- OPEC+ set to raise oil output further from October, sources sayOPEC+ is poised to agree on a further increase in oil output, but is likely to slow the pace of increases from October due to weakening glo...
- What is OPEC+ and how does it affect oil prices?OPEC+, a coalition of OPEC and its allies, is set to meet on June 2 to discuss their joint oil production policy. OPEC was founded in 1960 ...
- OPEC+ unlikely to change output policy before June meetingOPEC+ to maintain oil output policy until June; next meeting likely swift. Members agree on 2.2M bpd cuts until Q2 end. Oil prices strong, ...
- What are OPEC and OPEC+ and how do they affect your oil bills?OPEC was founded in 1960 in Baghdad by Iraq, Iran, Kuwait, Saudi Arabia and Venezuela with an aim of coordinating petroleum policies and se...
- OPEC+ begins policy debate as capacity constraints loomWashington welcomed OPEC's decision, which came after months of pressure from the West on OPEC+ to raise production to help cool off oil pr...
- OPEC+ working on making up for drop in Russian oil outputA Gulf OPEC+ source said a decision on the matter was "highly possible" at a meeting on Thursday. The group is meeting online later on Thur...
- Oil ban unlikely to affect OPEC+ decisionWith Russia being one of the two most important members of the alliance (alongside Saudi Arabia), any decision on increasing output has bec...
- Crude oil gains ahead of OPEC+ meeting on output policyOPEC+ is currently curbing output by just over 7 million bpd to support prices and reduce oversupply.
- Oil prices set for weekly gain ahead of OPEC+ meetingBrent crude for January rose 19 cents, or 0.4%, to $47.99 a barrel by 1443 GMT and the more active February contract gained 25 cents to $48...
- Oil prices ease in cautious trading ahead of Opec meetingBrent crude oil futures were down 17 cents, or 0.3 per cent, at $61.39 per barrel.
- Opec to raise crude oil production: Experts' takeSaudi Arabia and Russia said they were happy to pump more but Iran had criticised the idea.
- OPEC chief Abdullah el-Badri confident of a balanced oil market in 2016Badri also admitted that the "market remains oversupplied", and insisted that stability is paramount to the crude market which faced "extre...
- OPEC sees balanced market, signals no big policy change in JuneOPEC said its current output is helping to meet global demand fully and leading to a balanced oil market in 2014, a further sign the export...
- Oil prices edge up in Asia ahead of OPEC meetingOil prices edged slightly higher today in Asia with investors hoping for a significant OPEC production cut next week to boost the market.
- Russia to work with OPECFalling crude prices and the resultant slide in income from oil sales is forcing Russia to redefine its ties with oil exporters' cartel OPE...
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