Page 17 - Opec

OPEC+ trims 2022 oil market surplus forecast in latest data: Report

OPEC+ revised down its forecast for an oil market surplus this year by about 200,000 barrels per day to 1.1 million bpd, according to a base scenario in a technical committee report seen by Reuters

Oil's journey from worthless in the pandemic to $100 a barrel: An analysis

Benchmark Brent crude futures hit $100 a barrel on Wednesday for the first time since 2014 as Russian President Vladimir Putin ordered military operations in Ukraine

Saudi's crude oil production exceeds 10 million bpd in Dec; exports dip

Exports fell slightly to 6.937 million bpd from 6.949 million bpd in November, according to monthly figures provided by Saudi Arabia and other oil-exporting countries to JODI

Crude oil prices to remain in nervous 90s for now

Crude oil prices surged 10% in the past month. Business Standard's Puneet Wadhwa speaks to Paul Hickin, a director at S&P Global Platts, on how crude oil prices will play out in the days to come

OPEC sees upside to 2022 oil demand forecast on strong pandemic recovery

OPEC leaves 2022 oil demand growth forecast steady, keeps Q3 demand forecast at 100 mln bpd

Oil prices take a breather, OPEC+ sticks to moderate output increases

U.S. private payrolls fell for the first time in a year in January, raising the risk of a sharp decline in employment that would deal a temporary setback to the labour market.

Oil edges higher as OPEC+ keeps to steady supply bump, US stockpiles draw

Brent crude ended settling up 31 cents to $89.47 a barrel, while U.S. West Texas Intermediate crude gained 6 cents to $88.26 a barrel.

Oil rises near seven-year high as OPEC+ sticks to output plan amid pressure

A source told Reuters that OPEC+ agreed to increase oil production by 400,000 bpd from March after a short meeting

OPEC+ decides oil output amid concern over Russia, Ukraine

Higher oil prices are sending reverberations throughout the global economy in terms of higher consumer inflation in the U.S. and Europe and costlier fuel for heating, flying and driving

Oil climbs toward 7-year highs on US stock draw, eyes on OPEC+ move

Tight global supplies and geopolitical tensions in Eastern Europe and the Middle East have boosted oil prices by about 15% so far this year

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.