Page 11 - Opec
Oil prices to top $100 per barrel mark on OPEC+ output cut: Analysts
The OPEC+ on Wednesday announced its decision to cut crude oil output by 2 million barrels per day, the new production cap levels will come into force from November 2022.
 "Oil prices to top $100 per barrel mark on OPEC+ output cut: Analysts")
Analysts expect fuel prices to go up if global prices rise further
Brent crude oil prices remained near three-week highs of $92.9 per barrel as of late Thursday
 "Analysts expect fuel prices to go up if global prices rise further")
Oil extends gains to three-week high as OPEC+ agrees to slash crude output
Oil prices rose for a fourth session on Thursday, with Brent at a three-week high, after OPEC+ agreed to further tighten global crude supply
 "Oil extends gains to three-week high as OPEC+ agrees to slash crude output")
OPEC+ heads for clash with US, deep supply cuts to boost sagging prices
The potential OPEC+ cut could spur a recovery in oil prices that have dropped to about $90 from $120 three months ago due to fears of a global economic recession, rising US rates and a stronger USD
 "OPEC+ heads for clash with US, deep supply cuts to boost sagging prices")
Oil maintains most of recent gains asf OPEC+ heads for deep supply cuts
Oil has risen so far this week in anticipation of the largest output cut by OPEC+ since the depths of the COVID-19 pandemic in 2020, said Fiona Cincotta, senior financial markets analyst at City Index
 "Oil maintains most of recent gains asf OPEC+ heads for deep supply cuts")
Oil prices inch lower ahead of a meeting of OPEC+ producers on supply cut
Oil prices moderated very slightly on Wednesday after gaining more than 3% in the previous session ahead of a meeting of OPEC+ producers to discuss a big cut in crude output
 "Oil prices inch lower ahead of a meeting of OPEC+ producers on supply cut")
OPEC+ considers output-limit cut of as much as 2 million barrels a day
OPEC+ is considering its biggest production cut since 2020 as it tries to stabilize oil prices, a move that risks cranking up tensions with Washington
Oil prices edge up ahead of OPEC+ meeting to discuss supply cuts
U.S. crude futures rose 46 cents, or 0.6%, to $84.09 a barrel, having gained more than 5% in the previous session.
 "Oil prices edge up ahead of OPEC+ meeting to discuss supply cuts")
OPEC+ production cut poses new threat to Joe Biden as election nears
More than a month after tweeting he had vanquished "Putin's price hike at the pump," Biden faces forces that even the US government can't match.
 "OPEC+ production cut poses new threat to Joe Biden as election nears")
Oil jumps nearly $4 as OPEC+ weighs biggest output cut since 2020
Brent crude futures rebounded $3.46, or 4.1%, to $88.60 a barrel by 0915 GMT. US West Texas Intermediate crude was up 4.3%, or $3.39, at $82.88
Oil jumps more than 3% in Asian trade as OPEC+ mulls cuts up to 1 mn bpd
Oil prices jumped more than 3% in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market
 "Oil jumps more than 3% in Asian trade as OPEC+ mulls cuts up to 1 mn bpd")
OPEC+ to hold first in-person ministerial meeting in Vienna since 2020
The OPEC+ oil cartel will meet in Vienna at the ministerial level on October 5 to discuss future output strategy, according to a statement issued by the organisation
 "OPEC+ to hold first in-person ministerial meeting in Vienna since 2020")
Oil prices rise after nine-month lows as focus shifts to OPEC+ supply cuts
Analysts believe further sell offs in oil markets could see OPEC+ intervene to support prices by collectively reducing their output
 "Oil prices rise after nine-month lows as focus shifts to OPEC+ supply cuts")
Explained: How have India's crude import sources changed over time?
The top three countries have changed significantly before and after the military action in Ukraine
 "Explained: How have India's crude import sources changed over time?")
Mkts settle modestly lower in volatile trade; Bajaj Finserv biggest laggard
After rising over 320 points in intra-day trade, the 30-share BSE Sensex pared all gains to settle 48.99 points or 0.08 per cent lower at 59,196.99.
 "Mkts settle modestly lower in volatile trade; Bajaj Finserv biggest laggard")
OPEC+ cuts oil output, gas prices soar: What's next for investors?
OPEC+ meeting: While analysts said the current output cut is insignificant to move the needle on oil prices, they cautioned that more output cuts may push oil prices higher, impacting India
Opec+ to cut crude oil output by 100k barrels per day from October
In a step that may increase prices in India, the group has decided to reduce output quotas for October, after a fall in global oil demand outlook.
Oil jumps $3 as OPEC-plus plans to cut oil output targets by 100,000 bpd
Oil prices have fallen in the past three months from multi-year highs hit in March, pressured by concerns that interest rate increases and Covid curbs in parts of China could dent oil demand
OPEC+ faces output dilemma amid concerns of a global economic slowdown
Recent gyrations, including a drop of more than 20% in Brent crude since early June, have prompted Riyadh to say an output cut could be necessary
Oil prices rise on hopes OPEC+ will discuss output cuts in next meet
Brent crude futures rose 66 cents to settle at $93.02 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 26 cents to settle at $86.87 a barrel