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JMMC
OPEC+ panel meeting seen making no policy changes after surprise output hikeAn OPEC+ ministerial meeting on Saturday is expected to leave oil output policy unchanged, following this week’s surprise move by eight mem...- OPEC+ likely to proceed with planned output hike from October, sources sayOPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for o...
- 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, ...
- Oil falls over $2 on demand fears, Saudi confirms cuts to year-end"Market attention has shifted from the focus on the short term tightness to the implications of interest rates staying higher for longer, t...
- OPEC+ panel holds oil policy steady as Saudi, Russia keep cutsOil has jumped towards $100 a barrel for Brent crude , the highest since 2022, although prices have come under pressure in recent days from...
- OPEC+ reconvenes after wrangling over production riseThursday was a busy day of video-conferencing for the alliance's ministers, starting with a meeting between the 13 members of OPEC proper l...
- Saudi says OPEC+ must be ready to react to market needsOPEC+ oil producers must be prepared to respond to the market and should stick by their agreements, Saudi Arabia's energy minister said on ...
- OPEC+ fears second virus wave could lead to oil surplus in 2021A panel of officials from OPEC+ producers, called the Joint Technical Committee, considered this worst-case scenario during a virtual month...
- OPEC+ presses for compliance with oil cuts, Saudi says it's no 'act of charity'The panel of major producers, including Saudi Arabia and Russia, is unlikely to recommend any changes to their current output reduction tar...
- OPEC+ compliance with oil output cuts in July around 97%: SourcesThe Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+, have been cutting output by a re...
- Oil prices advance as China lines up boost in US crude importsBrent crude rose 21 cents, or 0.5%, to $45.01 a barrel by 0023 GMT while U.S. West Texas Intermediate crude was up 27 cents, or 0.6%, to $4...
- OPEC+ panel shifts date of next meeting to Aug 19th: SourcesLast month the JMMC recommended that the cut be eased from Aug. 1 to about 7.7 million barrels per day (bpd) from a reduction of 9.7 millio...
- OPEC chief sees oil market moving closer to balance before key meetingAfter July, the cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken. A panel called the J...
- Opec+ pushes for compliance, undecided on oil cut extensionAfter July, the cuts are due to taper to 7.7 million bpd until December.
- Opec+ ministers meet to review oil cuts, complianceOpec+ has been cutting output by a record 9.7 million barrels per day (bpd) since May 1.
- OPEC+ panel meeting next week will advise on policy, not decide: SourcesOPEC, Russia and allies, known as OPEC+, agreed on Saturday to keep production cuts of 9.7 million barrels per day,
- OPEC, Russia extend record oil cuts to end of JulyOPEC+ demans Nigeria and Iraq , which exceeded production quotas compensate with extra cuts.
- Opec+ technical, ministerial committee meetings set for mid-June: SourcesJTC meeting will be held and then a day after that the JMMC meeting, one of the sources said.
- Opec pushing Russia to support big oil cut amid coronavirusRussia has so far signalled it might be willing to agree to extending existing cuts, which expire in March, but might find it difficult to ...
- Saudi's Falih says oil stocks still building, but Opec to act if needed"We will be flexible. We are going to do the right thing as we always do," Falih said .
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