Page 28 - Opec

Will OPEC and allies be able to convince Russia for biggest oil cut?

According to the plan drawn up by OPEC, allies in the so-called OPEC+ grouping -- Russia foremost among them -- would take on 500,000 barrels of the cuts

As prices dip, OPEC backs biggest oil cut since 2008 financial crisis

Oil demand growth forecasts for 2020 have been slashed because of global measures to halt the spread of the virus

Coronavirus scare: OPEC backs biggest oil production cut since 2008 crisis

Russia and Kazakhstan, both members of the broader and informal group known as OPEC+, said they had not yet agreed to a deeper cut

Oil rises more than 1% on smaller-than-expected rise in crude stocks

Brent crude rose by 78 cents, or 1.5%, to $51.91 per barrel by 0202 GMT

Opec divided on how to combat coronavirus fallout, ministers to meet today

The splits on the way forward even within OPEC were on display on Wednesday as delegations arrived

OPEC struggles to get Russian backing for oil cut amid coronavirus crisis

A panel of several ministers from OPEC, Russia and other producers failed to clinch a preliminary agreement for additional cuts, OPEC sources said

Iran's oil and gas production not affected by Coronavirus, says official

Iran's crude oil exports were slashed by more than 80% after U.S. President Donald Trump withdrew from a multilateral nuclear deal with the Islamic Republic in 2018 and reimposed sanctions

Virus scare: Oil lower despite Fed rate cut and hopes for OPEC+ output cut

Brent crude lost 17 cents to trade at $51.73 a barrel by 1:28 p.m. EST (1628 GMT). U.S. crude traded 1 cent lower at $46.74 a barrel

OPEC to try to stem global oil price plunge amid Coronavirus slowdown

Prices were already under pressure at that point from abundant reserves and weak global growth

Oil bounces from multi-year lows as hopes of OPEC+ cut offset virus impact

US West Texas Intermediate crude hit a 14-month low of $43.32 a barrel, before recovering to $45.23, up 47 cents, or 1.1%

Market Ahead, March 2: Top factors that could guide markets this week

In the primary market, the initial public offer of SBI Cards and Payment Services will open today. The company expects to raise around Rs 10,341 crore from the IPO

Oil slumps over 4% as traders fret over Coronavirus impact on crude demand

US crude oil stockpiles increased by 452,000 barrels to 443.3 million barrels

Crude oil prices likely to face resistance at $58/bbl on coronavirus fears

The OPEC+ nations have agreed to cut crude oil production by further 0.6 mbpd

Coronavirus outbreak: Subdued crude oil prices to help HPCL, other OMCs

IOC and BPCL to also gain from lower working capital requirement and firm marketing margins, but weak GRMs may limit the upside

Coronavirus: Oil holds steady even as outbreak continues to have impact

This comes a week after oil rose for the first time since early January on hopes that Chinese measures would lead to improving demand

Coronavirus outbreak will hit oil hard, but the consensus ends here

It is no surprise that the IEA, representing the major oil consuming nations, sees the biggest impact on demand

Opec cuts 2020 demand forecast by a third amid Coronavirus worries

The cartel reduced projections for demand growth in the first quarter by 440,000 barrels a day, or about a third, in its monthly report

OPEC+ panel proposes deeper oil supply cut, awaits Russia's response

OPEC+ is currently cutting output by 1.7 million bpd

Global oil demand could nearly halve if coronavirus threat escalates

The outbreak comes at a time when geopolitical risks to oil supply are likely to remain elevated in 2020, as both the US and Iran continue their maximum pressure campaigns

Oil, nickel and iron gain shine in 2019 as demand worries plague investors

All other base metals, fell by up to 12.3 per cent in 2019. Steel was almost flat, while thermal coal and natural gas were also among big losers.