Page 10 - Opec

Oil price rises on OPEC+ plan to meet if Omicron hits fuel demand

U.S. West Texas Intermediate (WTI) crude futures rose $1.38, or 2.1%, to $67.88 a barrel, adding to a 1.4% gain on Thursday.

US-Saudi diplomacy paved way for OPEC+'s surprise output hike

After weeks of diplomatic tension between Saudi Arabia and the U.S. -- with President Joe Biden calling for more oil to ease pump prices and OPEC pushing back -- a truce has emerged

Oil up on OPEC+ plan to meet ahead of schedule if Omicron dents demand

U.S. West Texas Intermediate (WTI) crude futures rose 27 cents, or 0.4%, to $66.77 a barrel at 0122 GMT, adding to a 1.4% gain on Thursday.

Oil prices little changed as OPEC+ sticks to regular output increase

U.S. front month contract traded volumes remained low, at about 267,000 - below the 200-day moving average and far lower than the last four days.

Oil falls as OPEC+ sticks to regular output increase

The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, decided on Thursday to release more oil into the market in January in line with previous months

Oil price rises as investors focus on OPEC+ decision amid Omicron fears

Brent crude futures rose 85 cents, or 1.2%, to $69.72 by 0402 GMT, having eased 0.5% in the previous session

Iraq's Nov crude exports exceed 98 mn barrels, generate revenue of $7.6 bn

Iraqi Ministry of Oil has said that the country exported 98.19 million barrels of crude oil in November

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 rallies as Opec meets, but supply concern looms

Brent crude futures for February were up $2.08, or 3%, at $71.31 a barrel at 1445 GMT.

Oil prices rise on growing expectations OPEC+ will hold off output hike

Brent crude futures climbed 82 cents, or 1.1%, to $74.26 a barrel, after gaining 1% on Monday

Oil prices rebound on speculation OPEC+ may pause output increase

Prices jumped over 4%, recovering some ground after plunging more than 10% in the previous trading session

OPEC postpones technical meetings to evaluate Omicron impact: Report

"We need more time to understand what this new variant is and if we need to overreact or not," one OPEC+ source said

Oil prices dip, focus on OPEC+ response to US-led oil release

Brent crude futures had slipped 8 cents, or 0.1%, to $82.17 a barrel by 1:02 p.m. ET (1802 GMT)

Opec weighs policy shift after US-led crude release pledge

Saudi Arabia, Russia consider pausing planned output hikes

Beijing 'has upper hand' as US asks to release oil reserves: China Daily

China's state reserve bureau later said it is working on a release of crude oil reserves but declined to comment on the U.S. request.

US marshals other nations, challenges OPEC+ with release of oil reserves

WASHINGTON (Reuters) - The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

US to release oil from reserves after OPEC+ rebuffs call for more crude

The White House issued the statement after a source in the U.S. administration said Washington had been hashing out a plan with major Asian energy consumers to drive down prices

Oil prices settle up 1% on reports OPEC+ could reassess output

NEW YORK (Reuters) -Oil prices rose on Monday, rebounding from recent losses, on reports that OPEC+ could adjust plans to raise oil production if large consuming countries release crude from their reserves or if the coronavirus pandemic dampens demand.

US set to release oil from reserve, will partner with India and others

The move, likely in conjunction with India, Japan and South Korea, would be an unprecedented effort by major oil consumers to tame prices.

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