Page 2 - Opec Output
Oil falls 2% on uncertainty over future OPEC-plus output, recession fears
Oil prices have fallen over recession feads and OPEC output, driving investors into frenzy
 "Oil falls 2% on uncertainty over future OPEC-plus output, recession fears")
OPEC+ alliance may not be much help with high oil, gasoline prices
The 23-member OPEC+ alliance, which includes Russia, is struggling to produce enough oil to keep up with the rebounding demand for fuel since the Covid-19 pandemic
 "OPEC+ alliance may not be much help with high oil, gasoline prices")
Oil settles up despite OPEC-plus output hike plan; supply still tight
US crude notched a sixth weekly gain on tight U.S. supply, which has prompted talk of fuel export curbs or a windfall tax on oil and gas producers.
 "Oil settles up despite OPEC-plus output hike plan; supply still tight")
Oil prices steady on doubts OPEC+ hike can make up Russian deficit
Oil prices were roughly unchanged on Friday, clinging to gains made in the previous session
 "Oil prices steady on doubts OPEC+ hike can make up Russian deficit")
Oil prices slide as investors take profit; supply fear still looms
"Investors scooped up profit after a sharp gain last Friday," said Naohiro Niimura, a partner at Market Risk Advisory.
 "Oil prices slide as investors take profit; supply fear still looms")
OPEC likely to stick to modest oil boost despite war jitters
Analysts expect the group, known as OPEC+, to stay on its schedule of gradual increases to restore production cuts made during the depths of the coronavirus pandemic in 2020
 "OPEC likely to stick to modest oil boost despite war jitters")
Saudi Arabia prince, rebuked by West, faces dilemma over Russia and China
Saudi Arabia and UAE, which are among just a handful of producers with spare capacity, have snubbed Western calls for more crude.
 "Saudi Arabia prince, rebuked by West, faces dilemma over Russia and China")
India hopes for oil from Iran, Venezuela; higher OPEC output to cool prices
It will also evaluate the Russian offer to sell crude oil at discounted prices after considering aspects such as insurance and freight required to move the fuel from the non-traditional supplier
 "India hopes for oil from Iran, Venezuela; higher OPEC output to cool prices")
OPEC, allies weigh oil output amid steep hikes, Russian invasion
The OPEC+ coalition of oil producers led by Saudi Arabia and non-cartel members led by Russia are weighing whether to increase oil production by 400,000 barrels per day in April
 "OPEC, allies weigh oil output amid steep hikes, Russian invasion")
Oil rises near seven-year high as OPEC+ sticks to output plan amid pressure
A source told Reuters that OPEC+ agreed to increase oil production by 400,000 bpd from March after a short meeting
 "Oil rises near seven-year high as OPEC+ sticks to output plan amid pressure")
Oil prices steady ahead of OPEC+ meeting to decide output policy
Brent crude futures gained 1 cent to $78.99 a barrel at 0239 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $76.06 a barrel.
 "Oil prices steady ahead of OPEC+ meeting to decide output policy")
Sensex slumps 765pts, Nifty ends below 17,200; Reliance, FMCG, banks weigh
The broader indices, however, outperformed the key benchmark indices. The BSE Midcap index ended flat, while Smallcap index was up 0.3 per cent
 "Sensex slumps 765pts, Nifty ends below 17,200; Reliance, FMCG, banks weigh")
Oil rises on views OPEC+ may pause supply addition amid Omicron fears
U.S. West Texas Intermediate (WTI) crude futures gained 48 cents, or 0.7%, to $66.05 a barrel by 0140 GMT, after a 0.9% drop on Wednesday.
 "Oil rises on views OPEC+ may pause supply addition amid Omicron fears")
OPEC+ begins two days of talks amid oil rout, fears for Omicron variant
Oil prices fell to near $70 a barrel on Tuesday from as high as $86 in October.
 "OPEC+ begins two days of talks amid oil rout, fears for Omicron variant")
Biden White House wades into oil market management with stockpile release
Release marks the first coordinated release with consuming nations outside the auspices of the West's energy watchdog, the International Energy Agency.
 "Biden White House wades into oil market management with stockpile release")
China so far non-committal to Washington's oil release, OPEC+ unmoved
US plans to release millions of barrels of oil from strategic reserves in coordination with other large consuming nations, including China, Japan and India.
How Joe Biden's overture to Asian oil consumers serves warning to OPEC+
For weeks, the White House and administration officials had urged the OPEC and its allies including Russia to accelerate production increases to satisfy demand
 "How Joe Biden's overture to Asian oil consumers serves warning to OPEC+")
Oil rises after OPEC+ rebuffs US call to boost output; Brent crude past $80
OPEC+ group of major producers agreed to stick to their plan to raise oil output by 400,000 barrels per day from December ignoring calls from US President Joe Biden for extra output to cool prices
 "Oil rises after OPEC+ rebuffs US call to boost output; Brent crude past $80")
OPEC+ likely to stick to plans to raise oil output: Report
Oil prices have surged this year to a three-year high above $86 a barrel as OPEC+ ramps up supplies gradually and demand recovers
As oil races toward $100, India, US and Japan tell OPEC+ enough is enough
Behind closed doors, an intense campaign is being waged to persuade OPEC+ to speed up its output increases, according to multiple diplomats and industry insiders
