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Page 21 - Opec

Oil prices slip as investors turn cautious ahead of OPEC+ meeting

Oil prices fell about 1% amid investor jitters ahead of an OPEC+ meeting to decide whether the producers' group will extend large output cuts to balance global markets

Oil prices slip as investors turn cautious ahead of OPEC+ meeting
Updated On : 30 Nov 2020 | 7:49 AM IST

Opec, allies face seismic demand split; plan to extend output cuts

Bloc set to meet virtually to address key concerns on the back of a disastrous yr

Opec, allies face seismic demand split; plan to extend output cuts
Updated On : 30 Nov 2020 | 1:56 AM IST

Oil prices set for weekly gain ahead of OPEC+ meeting next week

OPEC+ was planning to raise output by 2 million barrels per day (bpd) in January - about 2% of global consumption

Oil prices set for weekly gain ahead of OPEC+ meeting next week
Updated On : 27 Nov 2020 | 8:57 PM IST

Oil prices extend gains on coronavirus vaccine hopes, OPEC+ output check

Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel, while US West Texas Intermediate crude gained 10 cents

Oil prices extend gains on coronavirus vaccine hopes, OPEC+ output check
Updated On : 23 Nov 2020 | 11:45 AM IST

Oil prices gain 2% on potential OPEC+ rethink and Covid-19 vaccine hopes

The market was also supported by a smaller-than-expected increase in U.S. crude stockpiles last week.

Oil prices gain 2% on potential OPEC+ rethink and Covid-19 vaccine hopes
Updated On : 19 Nov 2020 | 2:21 AM IST

Oil dips on Covid-19 lockdown worries even though OPEC+ may tighten supply

Brent was down 29 cents, or 0.6%, at $43.53 a barrel by 1444 GMT while US crude was down 27 cents, or 0.6%, at $41.07. Both had been up 40 cents earlier in the session.

Oil dips on Covid-19 lockdown worries even though OPEC+ may tighten supply
Updated On : 18 Nov 2020 | 1:06 AM IST

Saudi calls on OPEC+ to be flexible as it weighs oil cut extension

The JMMC, which can recommend policy to the broader group, made no formal recommendations on Tuesday, three OPEC+ sources said

Saudi calls on OPEC+ to be flexible as it weighs oil cut extension
Updated On : 17 Nov 2020 | 11:22 PM IST

Panel at OPEC+ group anticipates weaker oil demand in 2021: Report

The OPEC+ group of producers was due to raise output by 2 million bpd in January

Panel at OPEC+ group anticipates weaker oil demand in 2021: Report
Updated On : 17 Nov 2020 | 3:54 PM IST

OPEC+ compliance with oil production cuts in October seen at 101%

OPEC+ is due to meet next on Nov. 30 and Dec. 1, following a high-level ministerial meeting on Tuesday

OPEC+ compliance with oil production cuts in October seen at 101%
Updated On : 13 Nov 2020 | 8:25 PM IST

Oil keeps climbing on hopes OPEC+ will hold back supply as Covid cases rise

The weakening outlook has piled pressure on OPEC+ to delay a supply increase of 2 million bpd scheduled for January, which the market is now pricing in

Oil keeps climbing on hopes OPEC+ will hold back supply as Covid cases rise
Updated On : 12 Nov 2020 | 8:43 AM IST

OPEC expects coronavirus to curb oil demand recovery into 2021

The weakening demand recovery could support the case for OPEC and its allies, a group known as OPEC+, to delay a scheduled oil-output boost next year

OPEC expects coronavirus to curb oil demand recovery into 2021
Updated On : 11 Nov 2020 | 11:20 PM IST

Crude oil glut likely to overshadow any OPEC+, US policy shifts

S&P Global Platts Analytics slashed its 2021 oil consumption outlook by 700,000 barrels per day (b/d) recently and now predicts oil demand growth of 5.8 million b/d in 2021

Crude oil glut likely to overshadow any OPEC+, US policy shifts
Updated On : 11 Nov 2020 | 8:03 AM IST

Oil prices jump on Covid-19 vaccine hopes and OPEC+ supply signals

Brent crude rose $3.41, or 8.6%, to $42.86 a barrel by 1302 GMT while U.S. West Texas Intermediate crude was up $3.57, or 9.6%, at $40.71.

Oil prices jump on Covid-19 vaccine hopes and OPEC+ supply signals
Updated On : 09 Nov 2020 | 8:05 PM 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 would miss 'friend Trump', wary of strains under Biden: Reports

Biden has said he would prefer multilateral diplomacy to the unilateral sanctions Trump has imposed

OPEC would miss 'friend Trump', wary of strains under Biden: Reports
Updated On : 08 Nov 2020 | 6:55 AM IST

India asks OPEC to correct anomalies in crude price for different regions

India said oil-cartel OPEC needs to address anomalies in the crude price differential for different regions.

India asks OPEC to correct anomalies in crude price for different regions
Updated On : 06 Nov 2020 | 12:48 AM IST

Big oil stares at a long winter ahead as global fuel demand stays muted

With U.S. Covid-19 cases hitting a record this week and new lockdowns looming across Europe, the virus and its impact on petroleum demand show no sign of abating

Big oil stares at a long winter ahead as global fuel demand stays muted
Updated On : 31 Oct 2020 | 9:19 AM IST

As Europe curbs travel due to Covid, oil set to see worst month since March

Futures have tumbled 9.8% this month in New York and they're near the lowest since late May in London

As Europe curbs travel due to Covid, oil set to see worst month since March
Updated On : 30 Oct 2020 | 11:25 AM IST

Oil falls about 2% on Libyan crude output, coronavirus demand concerns

US crude settled at $39.85 a barrel, falling 79 cents, or 1.9 per cent

Oil falls about 2% on Libyan crude output, coronavirus demand concerns
Updated On : 24 Oct 2020 | 2:03 AM IST

Rollover on oil output curbs possible, says Russian Prez Vladimir Putin

Putin said on Thursday he had been in contact with Saudi Arabia, OPEC's top producer, as well as the United States

Rollover on oil output curbs possible, says Russian Prez Vladimir Putin
Updated On : 23 Oct 2020 | 9:20 AM IST