Page 21 - Opec

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

Oil falls as US refineries shut; Washington pushes Opec to pump more

U.S. West Texas Intermediate (WTI) crude futures were down 43 cents, or 0.6%, at $68.78.

OPEC+ committee expects oil market to return to surplus in 2022

The OPEC+ joint technical committee (JTC) expects the oil market to remain in a 0.9 million barrel per day (bpd) deficit this year, but hit a surplus of 2.5 million bpd in 2022

Oil prices edge lower as US pushes OPEC to pump more crude

Oil slipped on Tuesday as OPEC and its allies geared up for a meeting on Wednesday amid calls from the United States to pump more crude, though Brent still traded well above $70 a barrel

Oil prices edge lower as US pushes OPEC to boost crude output

Prices were also under pressure from concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries.

Oil heads for its biggest monthly loss this year ahead of OPEC+ meet

The Organization of Petroleum Exporting Countries and its allies will meet on Wednesday to assess the global market and prospects for demand as the pandemic grinds on.

Oil prices up, off session highs after Ida; OPEC+ looks to boost output

By Jessica Resnick-Ault

OPEC+ likely to keep oil output policy from Sept unchanged, say sources

OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its planned modest production increase, three OPEC+ sources told Reuters

IEA cuts oil demand outlook on coronavirus, sees surplus in 2022

It's a marked reversal for the Paris-based agency, which just a month ago was urging the Opec+ alliance to open the taps or risk a damaging spike in prices

OPEC sticks to oil demand view despite virus, sees more US shale coming

The OPEC in a monthly report also raised its forecast of supply from rivals, including US shale producers, next year, a potential headwind for the efforts of the group and allies to balance the market

Oil rebounds after White House says not calling for US output hike

Oil gained Wednesday, changing course after Biden administration said it would not call on US producers to increase crude output, and that efforts to increase OPEC production were a longer-range plan

Oil prices hit by concern over Chinese economy and higher supply

China's factory activity growth slipped sharply in July as demand contracted for the first time in more than a year

Oil prices slump 4% on concerns over demand and OPEC supply boost

NEW YORK (Reuters) -Oil prices tumbled about 4% on Monday as weak economic data from China and the United States, the world's top oil consumers, and higher crude output from OPEC producers stoked fears of weakness in oil demand and oversupply.

Oil prices slide on worries over China economy and higher crude output

Brent crude oil futures skidded $1.12, or 1.5%, to $74.29 a barrel

Oil slumps 6% amid OPEC+ deal to boost supply, rising COVID cases

Brent crude lost $4.23, or 5.8%, at $69.36 a barrel by 11:08 a.m. EDT (1508 GMT).

India takes up high oil prices with OPEC, producers, demands low rate

India has taken up the issue of high oil prices with producer nations and OPEC, demanding affordable rates, Minister of State for Petroleum and Natural Gas Rameswar Teli told the Lok Sabha on Monday.

Oil prices fall more than 1% after OPEC+ agrees to boost supply

Brent crude was down $1, or 1.4%, at $72.59 a barrel by 0037 GMT, after falling nearly 3% last week

OPEC+ agrees to boost oil output after Saudi Arabia, UAE end standoff

OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic

OPEC+ meets to agree quick oil supply boost to address soaring prices

OPEC+ ministers are meeting on Sunday in another attempt to agree a quick oil supply boost to address soaring prices as the global economy recovers from the coronavirus pandemic

Covid resurgence, OPEC supplies hike could come to India's aid

The increase in Covid cases globally have made the oil market uncertain as it has the potential to erode demand quickly