Page 23 - Opec

Russia's Novak says OPEC+ may discuss underperformers this month: RIA

OPEC and its allies may discuss this month countries which have lagged in reducing their oil output under a global oil cut deal, Russian Energy Minister Alexander Novak was quoted as saying on Monday

Saudi Arabia reduces oil prices in sign demand recovery struggling

Aramco cut Arab Light to Asia to a discount against the benchmark oil price used by the Saudis for the first time since June

Fully committed to OPEC+ oil cuts, not seeking any exemptions, says Iraq

Earlier on Wednesday, Oil Minister Ihsan Abdul Jabbar was quoted as saying that he has spoken about the exemption to key OPEC oil ministers in three separate meetings

Iraq seeks exemption from OPEC deal curbing oil production in Q1 2021

Abdul Jabbar said last month that Iraq would cut its oil production by an additional 400,000 bpd in August and September to compensate for its overproduction in the three previous months

Opec shares in India's oil imports fall to decade low due to Covid-19

The Covid-19 disruptions have changed the structure of the country's oil and gas sector with the share of OPEC crude in Indian oil imports falling to a decade-low level in July.

Iraq pledges to deepen oil output cuts in Aug, Sept by 400,000 barrels/day

Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the past three months.

OPEC+ presses for compliance with oil cuts amid fears of demand recovery

The group, known as OPEC+, met on Wednesday to review compliance and left oil cuts levels unchanged

Oil rises on China's plan to boost US crude imports, OPEC+ compliance

Firmer stock markets and a weaker dollar were also lending support, said Commerzbank analyst Eugen Weinberg

Oil slips below $45 on rising supply, demand doubts due to Covid-19

Two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil demand forecasts this week

Oil prices head for second weekly gain amid hopes for fuel demand recovery

Brent crude was up 14 cents, or 0.3%, at $45.10, heading for a gain of about 1.6% this week

OPEC trims oil demand in 2020; recovery doubtful in 2021 on Covid-19

World oil demand will fall by 9.06 million barrels per day (bpd) this year, the Organization of the Petroleum Exporting Countries said in a monthly report

OPEC+ has tricky balancing act keeping $40/b oil price floor

There is still a long way to go before Asian demand can be relied upon again

Saudi Aramco to go ahead with plans to boost oil output capacity, says CEO

The oil company will boost outpur capacity by 1 million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next year

Oil prices under five-month highs on weaker dollar, low US crude inventory

Brent crude fell 7 cents to $45.10 a barrel by 0802 GMT, while US crude was down 25 cents at $41.94

Oil rebounds with equities offsetting the return of Opec+ supply

The market is looking for its next clear signal, with a slew of mixed data pressuring it on either side

Oil prices steady near $40 a barrel with Opec+ unwinding output cuts

Oil has been stuck in a narrow band since June, with rising virus infections in many countries increasing concerns about a renewed hit to the global economy

Oil prices fall on fears about economic fallout from rising Covid-19 cases

Coronavirus cases continued to surge in the United States and stood at almost 18 million globally

End game for oil? OPEC prepares for an age of dwindling demand

OPEC faces a dramatic adjustment if consumption starts a permanent decline

Crude oil prices ease after Opec+ agrees to relax output curbs next month

Futures in New York dropped below $41 a barrel, though the more global Brent benchmark's structure firmed on signs of tightness in physical markets.

Global oil demand will soar by a record 7 million bpd in 2021: OPEC

Oil prices collapsed this year after global demand fell by a third when governments imposed lockdowns to stop the spread of the virus