Opec Supply Cuts
OPEC slashes 2022, 2023 oil demand growth view as economy slows
OPEC cuts 2022 demand growth to 2.64 million bpd from 3.1 mn bpd, but still sees demand topping pre-pandemic level in 2023; OPEC September output rises 146,000 bpd, led by Saudi
 "OPEC slashes 2022, 2023 oil demand growth view as economy slows")
Oil rises to 3-week high as OPEC+ agrees to deep cuts, US stockpiles fall
Prices also rose on US government data that showed crude and fuel inventories fell last week
 "Oil rises to 3-week high as OPEC+ agrees to deep cuts, US stockpiles fall")
OPEC+ heads for clash with US, deep supply cuts to boost sagging prices
The potential OPEC+ cut could spur a recovery in oil prices that have dropped to about $90 from $120 three months ago due to fears of a global economic recession, rising US rates and a stronger USD
Goldman says reported OPEC-plus output cuts reinforce its bullish oil view
Despite one of the tightest markets in recorded history, Goldman said the cut could be justified by the 40% decline in prices from their June peak and enabled by the lack of supply elasticity
 "Goldman says reported OPEC-plus output cuts reinforce its bullish oil view")
Oil firms on OPEC+ output cut bets to stem sinking prices amid weak growth
Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, but the benchmarks were still on track to post their worst weekly drop
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, 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")
Opec calls on US shale oil producers to slash global supply, prop up prices
US production has soared by almost 10% this year, driven largely by shale drillers
 "Opec calls on US shale oil producers to slash global supply, prop up prices")
The writing is on the wall for Opec: It needs to cut more
Crude's cascade into bear market territory could be down to algorithmic and technical selling
 "The writing is on the wall for Opec: It needs to cut more")
Oil prices falls 4% on Opec output cuts
Opec's cuts helped push oil back above $50 a barrel this year, giving a fiscal boost to producers
 "Oil prices falls 4% on Opec output cuts")
Oil prices fall as Opec extends output cuts by 9 months to drain glut
Global oil glut has depressed markets for almost three years
 "Oil prices fall as Opec extends output cuts by 9 months to drain glut")
