Page 4 - Opec Output

Oil extends gains on OPEC+ supply discipline and demand prospects

NEW YORK (Reuters) - Oil rose more than 1% on Wednesday, supported by a decision by OPEC and its allies to stick to its plan to gradually restore supply, along with the slow pace of nuclear talks between Iran and the United States.

India to look to OPEC once oil demand recovers after Covid second wave

India's oil demand growth is set to be just 350,000 barrels per day (b/d) in 2021, according to S&P Global Platts Analytics, given extreme consumption weakness in April and May

Oil prices climb on drop in US oil stockpiles; solid demand outlook

Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC's robust demand outlook

OPEC's share of Indian oil imports plunges to two decade low, shows data

Total crude imports by the world's third-biggest oil importer fell to 3.97 million barrels per day (bpd) in the 2021 fiscal year to March 31, down 11.8% from a year earlier

Oil drops towards $66 as India demand concerns weigh

Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States

Crude oil will climb above $70; energy security could reappear on the radar

Crude oil prices could shift higher again once the market shakes off the latest bout of coronavirus jitters

Oil price slips to $64 as rising OPEC+ supply, Iranian output weighs

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. Iran is also boosting supply

Oil settles up more than $2 despite OPEC+ production cuts

Brent crude settled up $2.12, or 3.4%, to $64.86 a barrel. US oil settled up $2.29, or 3.9%, at $61.45 a barrel.

US resumes calls to Saudi Arabia as OPEC+ debates increase or rollover

Trump insisted OPEC raise production to prevent prices from spiking too high

Oil prices mixed as US crude inventory draw supports, OPEC+ concerns weigh

NEW YORK (Reuters) - Oil prices were mixed on Wednesday, supported by a draw in U.S. crude inventories but pressured by concerns about the market's recovery after OPEC and its allies lowered their 2021 demand growth forecast.

Oil prices fall as Suez Canal opens, focus turns to OPEC+ output

Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate US oil was off by $1.16, or 1.9%, at $60.40 barrel

Oil prices slip as Suez Canal opens, focus turns to OPEC+ output cuts

Brent crude was down 50 cents, or 0.8%, at $64.48 a barrel by 0851 GMT. US oil was off by 58 cents, or 0.9%, at $60.98 barrel

Oil rises on hopes of stable OPEC+ output, fears of long disruption at Suez

Brent oil rose 58 cents, or 0.9%, to $65.15 a barrel by 1048 GMT. U.S. crude was up 40 cents, or 0.7%, at $61.37 a barrel

It's time Gulf Arab States look away from Oil and find new revenue sources

We are approaching an energy inflection point in the global economy: plentiful oil supply, a demand plateau by 2030 and more competitive renewable-energy options

India asks refiners to diversify, cut reliance on Middle East oil

Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April

Oil prices climb as OPEC+ extends output cuts into April

Brent crude futures for May rose 83 cents, or 1.2%, to $67.57 a barrel at 0609 GMT

OPEC+ extends most oil output cuts into April, Saudi keeps voluntary curb

OPEC's leader Saudi Arabia said it would extend its voluntary oil output cut of 1 million barrels per day (bpd), and would decide in coming months when to gradually phase it out

Will look at alternate energy if OPEC+ doesn't fix crude shortage: Pradhan

Recalls India's support to oil producing nations when global demand collapsed last May, and OPEC's promise to sustain normal supply when things got better

Government urges OPEC+ to fulfill promise of stable oil prices

Retail petrol and diesel prices have been going through the roof

Oil falls to two-week lows as OPEC+ nations seen easing supply curbs

OPEC Secretary General Mohammad Barkindo said the outlook for oil demand was looking more positive, particularly in Asia