Page 2 - Oil Output

Oil prices edge lower as US pushes OPEC to boost crude output

Prices were also under pressure from concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries.

Oil prices up, off session highs after Ida; OPEC+ looks to boost output

By Jessica Resnick-Ault

OPEC+ likely to keep oil output policy from Sept unchanged, say sources

OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its planned modest production increase, three OPEC+ sources told Reuters

Oil down 1%; Covid-19 pandemic surge, renewed Mexico supply end rally

Fresh COVID-19 outbreaks fueled by the Delta variant are raising concerns about the strength of the economic recovery globally

Oil slumps 6% amid OPEC+ deal to boost supply, rising COVID cases

Brent crude lost $4.23, or 5.8%, at $69.36 a barrel by 11:08 a.m. EDT (1508 GMT).

OPEC+ yet to make progress in resolving impasse preventing deal: Sources

OPEC+ is yet to make progress closing divisions between Saudi Arabia and United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely

Oil prices dip after OPEC+ ministers delays meeting on supply decision

Oil prices inched lower on Friday after OPEC+ ministers delayed a meeting on output policy as the United Arab Emirates balked at a plan to add back 2 million barrels per day in second half of year

OPEC+ delays oil output meeting after UAE reservations, sources say

OPEC+ ministers have agreed to delay their planned ministerial meeting by a day to Friday for further consultations on oil output policy, sources said on Thursday.

Why PM's goal on raising oil and gas production will be unattained in 2022

Modi aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence

Opec+ discusses crude output hike in preparation for next meeting

Moscow is considering making a proposal that the group should ease a global supply deficit by increasing output, according to Russian officials familiar with the matter

Oil gains on OPEC outlook that US output growth will slow

NEW YORK (Reuters) - Oil futures rose on Friday, reversing early losses and set for a fourth week of gains after OPEC sources said the producer group expected limited U.S. oil output growth this year despite rising prices.

Opec+ complies with 115% of agreed oil output targets in May: Report

OPEC and its allies maintained strong compliance with agreed oil output targets in May, when the first part of a gradual production increase took effect

Oil prices hit almost 14-month high after OPEC+ extends output cuts

Brent crude futures were up $1.75, or 2.6%, at $68.49 a barrel by 1250 GMT and U.S. West Texas Intermediate (WTI) crude futures climbed $1.49, or 2.3%, to $65.32

OPEC+ allows non-blocs Russia, Kazakhstan to raise output in April

The Organization of Petroleum Exporting Countries (OPEC) and non-bloc producers agreed to allow Russia and Kazakhstan to raise oil output in April

India asks OPEC+ to fulfill promise of price stability: Dharmendra Pradhan

Pradhan said at the CERAWeek conference by IHS Markit that India, where fuel demand is recovering to pre-pandemic levels, would like to rely on reasonable and responsible oil prices

OPEC+ are considering oil output roll over for April: Report

OPEC+ ministers hold a full meeting on Thursday

Oil prices retreat from 1-year high alongside global market selloff

Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation

OPEC+ to weigh modest oil output boost at meeting: Report

LONDON/MOSCOW (Reuters) - OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks in the battle against the pandemic.

Oil extends losses as Texas prepares to ramp up output after freeze

Brent crude futures ended the session down $1.02, or 1.6%, at $62.91 a barrel while U.S. West Texas Intermediate (WTI) crude fell $1.28, or 2.1%, to settle at $59.24.

Saudi Arabia plans to increase oil output amid recovery in prices

World's largest oil exporter plans to reverse recent unilateral production cut, signalling confidence in recovery