Opec Crude Oil
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OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
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Oil Falls 3% On Uncertainty Over Future OPEC+Output, Recession Fears
The OPEC+ group of producers, including Russia, on Thursday agreed to stick to its output strategy after two days of meetings. The producer club avoided discussing policy from September onwards.
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OPEC+ Likely To Stick To Existing Deal And Raise June Output - Report
OPEC+ is likely to stick to its existing deal and agree another small output increase for June when it meets on May 5
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OPEC Cuts 2022 World Oil Demand Forecast Due To Ukraine War
OPEC cut its forecast for growth in world oil demand in 2022 citing the impact of Russia's invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China.
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OPEC Tells EU It's Not Possible To Replace Potential Russian Oil Supply Loss
OPEC told the European Union that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more.
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OPEC+ Agrees On Planned January Oil Output Rise, Sources Say
OPEC+ has agreed to go ahead with its planned January oil output rise of 400,000 barrels per day.
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Oil Gains On Bets OPEC+ Will Pause Output Hike
Oil plunged around 12% on Friday along with other markets on fears the heavily mutated Omicron would spark fresh lockdowns and dent global growth.
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U.S. To Sell 32 Million Barrels Of Mostly Sour Crude From 4 SPR Sites
The sale of SPR oil, which is mainly blended sour crude, is expected to depress the value of U.S. sour crude Mars and benefit buyers in Asia which processes mainly high-sulphur oil.
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OPEC Should Go For 'Responsible Pricing', Says Petroleum Minister
India today pressed oil cartel Organization of the Petroleum Exporting Countries (OPEC) to adopt "responsible pricing" for oil and consider the world's third-biggest oil consumer as its preferred sales destination.
-
OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
-
Oil Falls 3% On Uncertainty Over Future OPEC+Output, Recession Fears
The OPEC+ group of producers, including Russia, on Thursday agreed to stick to its output strategy after two days of meetings. The producer club avoided discussing policy from September onwards.
-
OPEC+ Likely To Stick To Existing Deal And Raise June Output - Report
OPEC+ is likely to stick to its existing deal and agree another small output increase for June when it meets on May 5
-
OPEC Cuts 2022 World Oil Demand Forecast Due To Ukraine War
OPEC cut its forecast for growth in world oil demand in 2022 citing the impact of Russia's invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China.
-
OPEC Tells EU It's Not Possible To Replace Potential Russian Oil Supply Loss
OPEC told the European Union that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more.
-
OPEC+ Agrees On Planned January Oil Output Rise, Sources Say
OPEC+ has agreed to go ahead with its planned January oil output rise of 400,000 barrels per day.
-
Oil Gains On Bets OPEC+ Will Pause Output Hike
Oil plunged around 12% on Friday along with other markets on fears the heavily mutated Omicron would spark fresh lockdowns and dent global growth.
-
U.S. To Sell 32 Million Barrels Of Mostly Sour Crude From 4 SPR Sites
The sale of SPR oil, which is mainly blended sour crude, is expected to depress the value of U.S. sour crude Mars and benefit buyers in Asia which processes mainly high-sulphur oil.
-
OPEC Should Go For 'Responsible Pricing', Says Petroleum Minister
India today pressed oil cartel Organization of the Petroleum Exporting Countries (OPEC) to adopt "responsible pricing" for oil and consider the world's third-biggest oil consumer as its preferred sales destination.
