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Page 2 - Opec Output Cut

Brent crude stable as market juggles inflation woes with supply fears

Brent crude futures for October settlement fell 9 cents to $105 a barrel by 0841 GMT, after climbing 4.1% on Monday, the biggest increase in more than a month

Brent crude stable as market juggles inflation woes with supply fears
Updated On : 30 Aug 2022 | 3:31 PM IST

Oil prices jump over $3/barrel on prospect of OPEC-plus supply cut

Oil prices rose more than $3 a barrel on Monday, extending last week's gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar

Oil prices jump over $3/barrel on prospect of OPEC-plus supply cut
Updated On : 29 Aug 2022 | 11:29 PM IST

Crude oil prices edge higher on prospect of supply cut by OPEC-plus

Oil edged higher on Monday to extend last week's gains as potential OPEC+ output cuts and conflict in Libya helped to offset a strong US dollar and a dire outlook for US growth

Crude oil prices edge higher on prospect of supply cut by OPEC-plus
Updated On : 29 Aug 2022 | 6:37 PM IST

Oil prices mixed as OPEC supply cut prospect neutralises demand fears

Oil prices were mixed on Monday as investors balanced expectations the OPEC will cut output to support prices against concerns sparked by Federal Reserve Chairman Jerome Powell

Oil prices mixed as OPEC supply cut prospect neutralises demand fears
Updated On : 29 Aug 2022 | 8:47 AM IST

Brent oil climbs above $100 a barrel amid talk about OPEC output cuts

Brent for October settlement reached a three-week high, trading up $1.30, or 1.3%, at $101.52 a barrel by 0850 GMT. U.S. crude was up $1.18, or 1.3%, at $94.92 a barrel.

Brent oil climbs above $100 a barrel amid talk about OPEC output cuts
Updated On : 24 Aug 2022 | 4:05 PM IST

OPEC+ boosts September oil output by slower pace than previous months

The OPEC+ coalition said it will increase output to 100,000 barrels a day next month after raising it by by 648,000 barrels per day in July and August.

OPEC+ boosts September oil output by slower pace than previous months
Updated On : 03 Aug 2022 | 8:20 PM IST
Updated On : 02 Sep 2021 | 2:37 PM IST
Updated On : 06 Feb 2021 | 12:06 AM IST

Oil hits 11-month high after Saudi Arabia pledges voluntary output cut

Oil prices rose on Wednesday to highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers

Oil hits 11-month high after Saudi Arabia pledges voluntary output cut
Updated On : 06 Jan 2021 | 12:05 PM IST

Brent oil rises to highest since February after Saudi Arabia output cut

Brent oil prices rose to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers

Brent oil rises to highest since February after Saudi Arabia output cut
Updated On : 06 Jan 2021 | 9:03 AM IST

Oil prices slip as OPEC+ resume negotiations on output cut extension

Oil prices fell as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the Covid-19 pandemic

Oil prices slip as OPEC+ resume negotiations on output cut extension
Updated On : 03 Dec 2020 | 11:03 AM IST

Oil rallies as OPEC+ makes headway on output cut deal after days of talks

The Russian government, after internal talks with its own oil companies, has settled on its position, a person familiar with the discussions said on Wednesday

Oil rallies as OPEC+ makes headway on output cut deal after days of talks
Updated On : 02 Dec 2020 | 11:37 PM IST

Oil prices down 1% as OPEC debates to extend deep output cuts in 2021

U.S. West Texas Intermediate crude for January fell 35 cents, or 0.8%, to $45.18 a barrel

Oil prices down 1% as OPEC debates to extend deep output cuts in 2021
Updated On : 30 Nov 2020 | 11:31 PM IST

Delaying production? OPEC plots next move amid seismic oil market divide

The east-west divide is an added conundrum for OPEC+, which on Monday and Tuesday needs to decide whether to delay a production increase slated for January -- and if so, for how long

Delaying production? OPEC plots next move amid seismic oil market divide
Updated On : 30 Nov 2020 | 7:53 AM IST

OPEC would miss 'friend Trump', wary of strains under Biden, sources say

Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Biden as US President, close sources said and would miss Trump who helped bring about a record oil output cut

OPEC would miss 'friend Trump', wary of strains under Biden, sources say
Updated On : 09 Nov 2020 | 6:56 AM IST

OPEC has cut oil output by 1.25 mbpd in June, says Petro-Logistics

OPEC has cut oil output in June as it works to implement a supply restraint agreement with Russia and other allies, according to estimates from tanker-tracking company Petro-Logistics

OPEC has cut oil output by 1.25 mbpd in June, says Petro-Logistics
Updated On : 29 Jun 2020 | 8:26 PM IST

Opec, Russia meet to extend record oil supply cuts, push for compliance

An extension to cuts was contingent on high compliance, three Opec sources told Reuters

Opec, Russia meet to extend record oil supply cuts, push for compliance
Updated On : 06 Jun 2020 | 8:37 AM IST

Commodity outlook by Bhavik Patel of Tradebulls Securities: Buy lead, gold

Gold is trading near all time high and some pullback is expected. Instead of chasing prices at a higher level, we recommend to buy on dips near 44,300.

Commodity outlook by Bhavik Patel of Tradebulls Securities: Buy lead, gold
Updated On : 13 Apr 2020 | 8:10 AM IST

Amid falling global prices, US and Mexico agree to cut crude oil output

The OPEC nations have agreed to "a different limit reduction of about 23 per cent", said US President Donald Trump

Amid falling global prices, US and Mexico agree to cut crude oil output
Updated On : 11 Apr 2020 | 9:28 AM IST