Page 2 - Opec Meeting

Oil prices rise on tight supply as attention turns to OPEC+ meeting

Oil prices gained about $1 in early trade on Friday, lifted by supply concerns and a weaker US dollar as attention turns to what OPEC and allies including Russia agree at a meeting next week

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

Sensex gallops 776 pts, Nifty ends above 17,400; HDFC, IT shares lead

The Midcap and Smallcap indices also surged over a per cent each, and advancing shares outnumbered declining stocks in 2:1 ratio the BSE on Thursday

Sensex tumbles 581 pts from record peak, ends 214 pts down; Nifty holds 17K

The Nifty Realty index jumped 5 per cent today while the Nifty Metal index slipped 1.8 per cent

OPEC+ sees tighter oil market until May 2022; Group set to meet today

OPEC+ expects the oil market to be in deficit at least until the end of 2021 and stocks to stay relatively low until May 2022, OPEC+ sources said

OPEC+ deadlock: What UAE-Saudi Arabia tussle means for oil markets

Brent crude futures zoomed past $77.5 a barrel-mark on Tuesday, after OPEC+, on Monday, called off its meeting unexpectedly. This comes after the UAE rejected a proposal by the alliance on increasing oil production. What does this episode mean for the oil markets? Vandana Hari, Founder & CEO of Vanda Insights, a Singapore-based provider of oil markets macro-analysis, explains it in detail. Watch the video

Oil dips after OPEC warns of downside risks to demand in first half of 2021

Oil prices dipped on Monday, the first day of 2021 trading, ahead of an OPEC meeting to discuss output levels for February with fears for first-half demand seeping into the market as pandemic lingers

60 years of OPEC: Is the cartel's power over the oil market broken?

The main reason OPEC was able to wrest this control in 1973 was that in 1970, crude oil production in Texas started to fall

Oil prices rise after sharp drop in US crude stock, focus on OPEC meeting

Brent crude futures were up 10 cents, or 0.2%, at $43 a barrel as of 0049 GMT, and US West Texas Intermediate (WTI) crudefutures rose 14 cents, or 0.4%, to $40.43 a barrel

OPEC chief sees oil market moving closer to balance ahead of key meeting

After July, the cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken

Oil slips in Asian market as traders eye easing in supply cut at OPEC meet

Brent crude fell 27 cents to $42.97 a barrel by 0114 GMT while US West Texas Intermediate crude was at $40.27 a barrel, down 28 cents

Amid falling global prices, US and Mexico agree to cut crude oil output

The OPEC nations have agreed to "a different limit reduction of about 23 per cent", said US President Donald Trump

OPEC+ meeting delayed as Saudi, Russia trade barbs over crash in oil prices

The alliance is tentatively aiming to hold the virtual gathering on April 9 instead of Monday as it previously intended, a delegate familiar with the matter said.

Oil prices slip 4%, but stage set for monthly gains ahead of OPEC meet

Investors were also eyeing whether the producer group would agree to deeper cuts

Opec expects oil demand to fall in 2020, may maintain supply curbs

OPEC and its partners have been limiting supply since 2017

Saudi prince's oil diplomacy makes mark at Opec+ meeting debut

The prince's labors this week are just the latest example of a career devoted to petroleum diplomacy

Oil investors waiting on Opec's word, expect production cut of 1.4 mn bpd

If Opec does not reduce production, prices could tumble to $40 a barrel, said Greg Sharenow, portfolio manager at PIMCO

As Opec braces for Vienna talks this week, India hopes for fair oil pricing

India and China are considering teaming up to buy US supplies and counter OPEC's dominance in world's biggest oil market

India to press for responsible crude pricing at OPEC meet: Pradhan

On the rising oil prices in the country, the minister assured that the government would leave no stone unturned to keep these products within the reach of the common man

OPEC equation may change as Saudis signal to replace Iranian oil loss

For the past 16 months, the Organization of Petroleum Exporting Countries, Russia and other allies have been constraining output to eliminate a global glut.