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OPEC PLUS NEWS
OPEC ready to raise oil output if required after US sanctions on Russia, Kuwaiti minister saysOPEC is prepared to increase oil production. This comes after new United States sanctions on Russian oil companies. Kuwait's oil minister s...- Oil prices may face further pressure amid OPEC+ supply glut: Seth R FreemanSeth R Freeman of GlassRatner Advisory notes India's role in stabilizing oil prices by purchasing discounted Russian oil amidst tariff anno...
- Oil gains over 2% after OPEC+ delays output hike, US election in focusU.S. Democratic candidate Kamala Harris and Republican Donald Trump remain virtually tied in opinion polls ahead of Tuesday's Election Day,...
- Lower oil prices good for US economy, other countries facing inflation: Farah MouradFarah Mourad from Equiti Group discusses the impact of falling crude oil prices on global economies. Lower oil prices benefit central banks...
- Rate cut cycle, further production cut announcement by Opec Plus could prop up oil prices: Nadia ElbilassyAccording to Nadia Elbilassy of the Equiti Group, oil prices have been under pressure due to already factored-in production cuts and increa...
- Expecting Brent prices to be in $90-100 range in coming month: Analyst"We have seen very strong demand coming out of India the past year, in a way similar to many of the other Asian countries. The trajectory i...
- Oil prices to remain in mid-70s range for next six months: Vandana HariSo, Russia is not keen to implement any further cuts. In fact, it has not even fully implemented the cuts that it had promised of about hal...
- OPEC plus decision to reduce production surprising on several fronts: Vandana HariBut the other thing that was a major dampener on the markets and partly explains OPEC's latest move is that Chinese oil demand rebound has ...
- Is the downtrend in crude prices sustainable? Vandana Hari explains“Demand generally is softening and that is a bearish pressure on crude prices but we still have to see what happens around the December 5 b...
- Behind the Clash at OPEC: Growing competition in the GulfUAE and Saudi Arabia are trying to position themselves for changes in energy production and other areas of their economies in the coming ye...
- Could OPEC's house of cards collapse?Tensions are emerging over what to do about output targets, which are set to be eased from the beginning of next year.
- We would like to see how and which part of yield curve Fed wants to depress: Jan Lambregts‘With so much liquidity around, market positioning is increasingly becoming tougher’
- Oil prices to stay around $60 a barrel as there is a huge surplus in market: Fatih Birol, IEAThe Iranian General was killed in Iraq this week but oil prices are still around $60! In the past, if just only of these things had happene...
- Expect oil price at $65-70 a barrel in second half: Calvin Lee, S&P Global PlattsThe overall demand from China as well as greater Asia is expected to ease this year, says Lee.
- Oil price rise a knee-jerk reaction, shouldn’t extend far: Jonathan Barratt, Probis SecuritiesAt these levels, there is more concern for economic growth, says Barratt
- Brent at $65-70 is the bifurcation point for markets: Jonathan Barratt, Probis Securities“Price rise on back of OPEC trying to push through supply cuts and easing in US-China trade tensions.”
- Opec to raise crude oil production: Experts' takeSaudi Arabia and Russia said they were happy to pump more but Iran had criticised the idea.
- Oil set to become more volatile; key Opec meet holds the acesExpect crude to be in a broad range of $63 to $66 on the WTI, with heightened volatility.
- Oil jumps above $78 on emergency rescue dealUS oil prices rallied more than $3 per barrel to above $78 on Monday after policymakers agreed a rescue package worth around $1 trillion to...
- Oil prices climb as OPEC expected to cut outputOil prices rose two dollars on growing signs that OPEC will announce production cuts at a special meeting in Vienna this week in a bid to s...
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