Page 19 - Opec

Oil prices settle up 1% on reports OPEC+ could reassess output

NEW YORK (Reuters) -Oil prices rose on Monday, rebounding from recent losses, on reports that OPEC+ could adjust plans to raise oil production if large consuming countries release crude from their reserves or if the coronavirus pandemic dampens demand.

US set to release oil from reserve, will partner with India and others

The move, likely in conjunction with India, Japan and South Korea, would be an unprecedented effort by major oil consumers to tame prices.

How Joe Biden's overture to Asian oil consumers serves warning to OPEC+

For weeks, the White House and administration officials had urged the OPEC and its allies including Russia to accelerate production increases to satisfy demand

Oil prices at 6-week low as China readies for crude oil reserve release

Brent crude was down 41 cents, or 0.5%, to $79.87 a barrel by 0712 GMT, after earlier dropping to $79.60, the lowest since Oct. 7

Explainer: What is the SPR, the emergency oil stash Joe Biden may tap?

Such a move may not have a long-term impact on dampening U.S. oil prices that hit a seven-year high above $85 a barrel in late October, analysts say

India advises against sales of oil reserves at Adipec conference

The world's biggest oil and gas companies and many OPEC+ energy ministers are in Abu Dhabi this week for Adipec

Oil gains as supply concerns re-emerge after OPEC+ output plan

Sentiment also gained from data showing US employment rising more than expected in October

OPEC allies rebuff US calls for speedier increases in oil output

The White House said Washington would consider a full range of tools at its disposal to guarantee access to affordable energy.

Oil prices rise ahead of OPEC+ meeting; US stocks rise more than expected

Brent futures and US West Texas Intermediate crude pared losses of more than 1%

Oil drops on China fuel reserves release; OPEC+ meeting in view

Brent crude futures dropped 46 cents, or 0.6%, to $83.26 a barrel by 0746 GMT

As oil races toward $100, India, US and Japan tell OPEC+ enough is enough

Behind closed doors, an intense campaign is being waged to persuade OPEC+ to speed up its output increases, according to multiple diplomats and industry insiders

Oil prices rebound, edge up ahead of next week's OPEC meeting

Brent and US crude oil benchmarks both declined on the week after reaching multi-year highs on Monday

Oil benchmarks settle at highest since 2014 on global supply shortage

Analysts expect the latest weekly US oil inventory data to show a 1.9 million-barrel build in crude stocks

Oil prices slip after hitting seven-year high on surprise stockpiles drop

Crude inventories at the key storage hub of Cushing slid by 2.32 million barrels to the lowest level since 2018

India talks tough at CERAWeek, pushes for lowering of crude oil price

High crude prices have made India rethink its energy transition strategy

India to push for lower price at CERAWeek as crude oil hits $85 a barrel

India will be anchoring the international meeting, which will be attended by representatives from the world's largest oil producer, Saudi Arabia and Opec

High oil prices to hurt world economic recovery: India to OPEC

Petrol and diesel prices have shot up to record highs across the country after relentless price increases since early May.

Energy crisis threatens global economic recovery, says IEA

Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels as widespread energy shortages engulf Asia and Europe

OPEC trims 2021 demand forecast but says gas price surge could help

Opec now expects oil demand to grow by 5.82 million barrels per day, down from 5.96 million bpd in its previous forecast

Oil hits multi-year high on OPEC+ restraint amid global energy crunch

Brent crude rose as high as $83.47