Page 22 - Opec

Oil slides from multi-year highs after OPEC cancels meeting

(Reuters) - Oil slipped on Tuesday, pulling back from its recent rally, after OPEC+ producers cancelled a meeting due to clashes over plans to increase supply to meet rising global demand.

With oil market in limbo, here's how analysts see things playing out

If there's no increase in production, then oil at $85 to $90 a barrel is on the cards, Fereidun Fesharaki, chairman of industry consultant FGE, said in a Bloomberg TV interview

WTI crude hits 6-year high, Brent nears $78 as OPEC+ talks collapse

OPEC+ talks collapse after Saudi-UAE clash; White House urges compromise to allow output increase

Oil rises further on hopes of tighter supply as OPEC+ talks abandoned

Oil prices rose slightly on Tuesday after the previous day's rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off

OPEC oil alliance in standoff between Saudi Arabia and UAE

The OPEC oil cartel led by Saudi Arabia and other allied producing countries resumed talks on Monday amid a standoff with the United Arab Emirates

OPEC+ crisis deepens as Saudi Arabia refuses to budge, oil edges up

OPEC and its allies on Friday voted to increase production by about 2 million barrels a day from August to December 2021 extend the remaining output cuts to the end of 2022

UAE rebuffs plan by OPEC, allies to extend production pact

UAE on Sunday pushed back against a plan by the OPEC oil cartel and allied producing countries to extend the global pact to cut oil production beyond April 2022 revealing country's frustration

OPEC+ fails to reach output deal with talks kicked to Monday

Negotiations will resume next week after what's likely to be a weekend of furious diplomacy. The U.S. has already voiced concerns about rising gasoline prices as oil tops $75 a barrel.

OPEC+ agrees new oil deal but without UAE agreement, source says

OPEC+ agreed to add more oil to the market from August and extend the duration of their pact on their remaining production curbs for longer, even though United Arab Emirates still opposed extension

OPEC+ to resume oil policy talks on Monday after UAE roadblock

LONDON/DUBAI/MOSCOW (Reuters) -OPEC+ will resume talks on Monday after failing to reach a deal on oil output policy for a second day running on Friday because the United Arab Emirates blocked some aspects of the pact.

OPEC+ seeks oil policy consensus as United Arab Emirates demands changes

The UAE on Thursday effectively blocked a deal agreed by top producers Saudi Arabia and Russia to ease oil cuts by 2 million barrels per day (bpd) by the end of 2021

Oil prices dip after OPEC+ ministers delays meeting on supply decision

Oil prices inched lower on Friday after OPEC+ ministers delayed a meeting on output policy as the United Arab Emirates balked at a plan to add back 2 million barrels per day in second half of year

OPEC+ delays oil output meeting after UAE reservations, sources say

OPEC+ ministers have agreed to delay their planned ministerial meeting by a day to Friday for further consultations on oil output policy, sources said on Thursday.

Oil prices climb with Opec+ signalling more gradual supply hike

Futures in New York rose as much as 3.7 per cent on Thursday to the highest intraday level since 2018

Crude oil prices inch up ahead of OPEC+ decision on supply cuts

Brent crude for September gained 15 cents, or 0.2%, to $74.77 a barrel by 0629 GMT

Oil prices drift sideways as investors await OPEC+ decision on supply cuts

Oil prices traded sideways on Thursday as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year

OPEC+ panel sees risk of oil market imbalance after April 2022 -report

The panel, known as the Joint Technical Committee, sees an overhang of crude by the end of 2022 under different scenarios looking at supply and demand in the oil market, the report showed.

Oil set for best half since 2009 as demand recovers ahead of OPEC+ meeting

The recovery in key energy consumers including the U.S. and China has helped underpin a surge in fuel demand and driven prices to the highest level since October 2018.

Oil steadies as OPEC fuels demand hopes amid new Covid-19 worries

Brent crude futures settled up 8 cents, or 0.1%, at $74.76 a barrel, having slumped by 2% on Monday

Oil rises as OPEC fuels demand hopes amid new Covid-19 worries

NEW YORK (Reuters) - Oil prices rose on Tuesday as broad hopes for a demand recovery persisted, fueled by comments from OPEC's secretary general, overshadowed travel curbs due to new outbreaks of the highly contagious Delta variant of the coronavirus.