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OPEC PLUS MEETING
OPEC+ set to approve third supply increase since Hormuz disruption, sources sayOPEC+ plans a small oil output increase. This boost will be symbolic as the U.S.-Iran conflict blocks vital Gulf oil routes. The Strait of ...- UAE’s OPEC+ exit signals structural fractures, but near-term oil impact limited: Matt OrtonUAE's exit from OPEC+ coordination has little short-term oil impact. Geopolitical issues dominate. Markets have rallied, but easy gains are...
- OPEC+ agrees modest oil output hike from November, sources sayOPEC+ countries are scheduled to meet Sunday to finalize an oil output increase from November. While an agreement in principle for a 137,00...
- OPEC+ plans another oil output hike in November, sources sayOPEC+ will likely approve another oil production increase. The group plans to add at least 137,000 barrels per day. This decision will be m...
- OPEC+ set to raise oil output further from October, sources sayOPEC+ is poised to agree on further increasing oil output, potentially slowing the pace of increases from October due to weakening global d...
- OPEC+ makes another large oil output hike in market share pushOPEC+ nations have decided to increase oil production by 547,000 barrels per day in September, continuing a trend of accelerated output inc...
- OPEC+ agrees to delay December output hike for one month, sources sayOPEC+ has postponed its planned December oil output increase by one month due to weak demand, particularly from China, and rising non-membe...
- Oil prices remain under pressure on softening demand and oversupply worriesThe US benchmark, NYMEX futures, slipped below $70 a barrel last week while its Asian counterpart, Brent crude, traded at a six-month low o...
- 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...
- 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...
- Don’t really see G-7 price cap on Russian oil taking off but it creates uncertainty: Vandana Hari“I expect a rollover or a token cut in the OPEC Plus meeting. They increased production by about 100,000 barrels per day for September whic...
- Oil spikes, then falls back after OPEC+ fails to reach a dealWest Texas Intermediate, the U.S. bench mark, rose as high as $76.98 a barrel earlier in the day, its highest in more than six years, befor...
- Saudi Arabia marginalised Russia by deciding to keep lid on crude output: Vandana Hari“I see Saudi Arabia and within that the Crown Prince MBS and his strategy written all over yesterday’s decision.”
- Members of oil cartel to meet as coronavirus rattles demandThe group has to reach agreement among its member countries and the additional members in the group known as OPEC Plus, which is led by Rus...
- 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.
- Oil slips to $60 on US inventories, Opec commentsBrent crude, the global benchmark, fell 27 cents to $59.94 a barrel at 1119 GMT.
- Kuwait oil minister says no calls within OPEC for policy changeKuwait's oil minister said on Monday there were currently no calls from within OPEC to change the oil-producing group's output policy.
- 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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