Page 3 - Oil Output

Why PM's goal on raising oil and gas production will be unattained in 2022

Modi aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence

Opec+ discusses crude output hike in preparation for next meeting

Moscow is considering making a proposal that the group should ease a global supply deficit by increasing output, according to Russian officials familiar with the matter

Oil gains on OPEC outlook that US output growth will slow

NEW YORK (Reuters) - Oil futures rose on Friday, reversing early losses and set for a fourth week of gains after OPEC sources said the producer group expected limited U.S. oil output growth this year despite rising prices.

Opec+ complies with 115% of agreed oil output targets in May: Report

OPEC and its allies maintained strong compliance with agreed oil output targets in May, when the first part of a gradual production increase took effect

Oil prices hit almost 14-month high after OPEC+ extends output cuts

Brent crude futures were up $1.75, or 2.6%, at $68.49 a barrel by 1250 GMT and U.S. West Texas Intermediate (WTI) crude futures climbed $1.49, or 2.3%, to $65.32

OPEC+ allows non-blocs Russia, Kazakhstan to raise output in April

The Organization of Petroleum Exporting Countries (OPEC) and non-bloc producers agreed to allow Russia and Kazakhstan to raise oil output in April

India asks OPEC+ to fulfill promise of price stability: Dharmendra Pradhan

Pradhan said at the CERAWeek conference by IHS Markit that India, where fuel demand is recovering to pre-pandemic levels, would like to rely on reasonable and responsible oil prices

OPEC+ are considering oil output roll over for April: Report

OPEC+ ministers hold a full meeting on Thursday

Oil prices retreat from 1-year high alongside global market selloff

Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation

OPEC+ to weigh modest oil output boost at meeting: Report

LONDON/MOSCOW (Reuters) - OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks in the battle against the pandemic.

Oil extends losses as Texas prepares to ramp up output after freeze

Brent crude futures ended the session down $1.02, or 1.6%, at $62.91 a barrel while U.S. West Texas Intermediate (WTI) crude fell $1.28, or 2.1%, to settle at $59.24.

Saudi Arabia plans to increase oil output amid recovery in prices

World's largest oil exporter plans to reverse recent unilateral production cut, signalling confidence in recovery

Oil recovery too fast for its own good; crude prices testing $60 a barrel

Recent increases in crude prices and the rapid drawing down of visible stockpiles will undoubtedly lead to calls for a more rapid raising of prod­uc­tion targets than was envisaged in December

Oil hits 11-month highs on Saudi output cut pledge, equities rally

The move caps a stellar few months for the oil market, with crude emerging as a favored play to bet on coronavirus vaccines and global reflation

Oil near 10-month high after Saudi Arabia's unilateral supply cut

Futures in New York rose 0.2 per cent, but gave up some earlier gains after failing to rise above the lows set in June 2019, a level seen as providing technical resistance

Iran to boost oil output via $1.2 billion deal with local companies

Iran plans to roughly double oil production in the next year to 4.5 million barrels daily, as the country anticipates a loosening of US sanctions

OPEC's decision to hike oil output would stabilise fuel prices: Pradhan

Pradhan's statement comes in the wake of a steep hike in the prices of petrol and diesel recently

OPEC+ agrees to raise oil output by 500,000 bpd from January: Report

OPEC+ sources have said Russia, Iraq, Nigeria and the United Arab Emirates have all to a certain extent expressed interest in supplying the market with more oil in 2021

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

US shale oil output to drop 68,000 bpd to 7.64 million bpd in October: EIA

US oil output from seven major shale formations is expected to decline by about 68,000 bpd in October to 7.64 mn bpd, the US Energy Information Administration said