Page 9 - Opec

Oil little changed despite talk of possible OPEC+ supply boost

The Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, has been expected to decide at a monthly meeting on Wednesday to keep gradually increasing production

Oil dips below $89 on potential for faster supply boost

While the OPEC+ has been expected to maintain its policy of gradual production increases at a meeting on Wednesday, Goldman Sachs said there was a chance of further steps

Oil rises for sixth week as growing chorus predicts $100 price

Oil's stellar start to the year comes despite a soft patch in global equity markets after the Federal Reserve signaled it's ready to tackle inflation

Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts

Though analysts believe diplomatic efforts will continue leading to a stabilisation and an eventual easing of these tensions, it may take several months for this to happen

Oil falls as looming US rate hikes spook investors

Oil prices fell on Thursday as the US dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world's biggest oil user

OPEC's share of Indian oil imports falls to lowest in at least 15 years

NEW DELHI (Reuters) - OPEC's share of Indian oil imports fell in 2021 to the lowest in more than a decade despite a 4% rebound in annual crude purchases by the world's third biggest oil importer, data obtained from industry sources showed.

Some sharp moves, some luck see India ride surge in global energy prices

Boom in prices has been on for over a year, may not only to sustain but become more pronounced going ahead say experts; Indian economy has felt the heat, but has so far escaped being singed

Oil rallies even as OPEC+ boosts output, US fuel demand dips

Brent crude futures ended up 80 cents, or 1%, to $80.80 a barrel. U.S. West Texas Intermediate (WTI) crude futures closed up 86 cents, or 1.1%, to $77.85.

OPEC and allies to decide crude oil output amid omicron spike

Analysts say the group is likely to add 400,000 barrels of oil per day in February, sticking with the road map it has followed since August

Oil prices steady ahead of OPEC+ meeting to decide output policy

Brent crude futures gained 1 cent to $78.99 a barrel at 0239 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $76.06 a barrel.

Oil rises on 2022 demand optimism as OPEC+ to agree to output hike

Oil settled higher on Monday on hopes of further demand recovery in 2022, despite OPEC+ looking set to agree to another output increase

OPEC+ report sees short-lived, mild impact from Omicron variant

The report kept forecasts for the growth in oil demand in 2021 and 2022 unchanged at 5.7 million bpd and 4.2 million bpd respectively

OPEC to meet today to discuss appointment of new secretary general: Report

OPEC ministers are due to hold a meeting on Monday to discuss the appointment of a new secretary general, two OPEC sources said

Oil prices climb towards $80 per barrel on tight supply; stocks fall

Weekly data from the US Energy Information Administration is due later on Wednesday

Global oil's comeback in 2021 presages more strength in 2022

For 2022, crude consumption is expected to reach 99.53 million barrels per day (bpd), up from 96.2 million bpd this year, according to the International Energy Agency

OPEC+ produces below target in November as compliance rises

Compliance from the 10 OPEC countries participating in the production cuts reached 122%, with participating non-OPEC countries achieving 107%, data seen by Reuters showed

Mideast share of Nov Indian oil imports at 16-mth high, African grades slip

On the other hand, the share of African oil plunged to a 16-month low of around 9.7%, or about 419,000 bpd, the data showed.

OPEC upbeat on 2022 oil demand, says Omicron impact to be mild

OPEC raises first-quarter 2022 demand forecast by 1.11 mbpd, sees demand at 100 mbpd in Q3 2022, as previously forecast

Oil prices rebound towards $72 on Omicron hopes, Iran talks

Brent crude gained $1.85, or 2.7%, to $71.73 by 1135 GMT

Oil prices rebound by more than $1 after Saudi price hike

Brent crude futures for February gained $1.61, or 2.3%, to $71.49 a barrel by 0720 GMT while U.S. West Texas Intermediate crude for January were at $67.89 a barrel, up $1.63, or 2.5%