Page 24 - Opec

Oil extends gains on OPEC+ supply discipline and demand prospects

Brent rose 84 cents, or 1.2%, to $71.09 a barrel at 1011 GMT.

OPEC+ producers sticks to plan to ease supply cuts through July

OPEC+ decided in April to return 2.1 million bpd of supply to the market during May through July as it anticipated demand would rise despite high numbers of coronavirus cases in India

OPEC+ seen sticking with supply plan with Iran's oil yet to return

OPEC+ is likely to stick to the existing pace of gradually easing oil supply curbs at a meeting, as producers balance expectations of a recovery in demand against a possible increase in Iranian supply

Oil highest since 2018 with Iran deal elusive and OPEC talks due

WTI futures rise as much as 3.2%, Brent earlier topped $70

OPEC wins, the West loses

Judges, investors force oil firms towards low-carbon future

Shell Dutch ruling: OPEC and Russia seen gaining more power, business

Defeats in the courtroom and boardroom mean Royal Dutch Shell, ExxonMobil and Chevron are all under pressure to cut carbon emissions faster

This time is different: Outside OPEC, oil firms aren't raising production

Oil industry is on the ropes, constrained by Wall Street investors demanding that companies focus on returning more money to shareholders.

Oil prices little changed as Iran concerns offset rosy demand outlook

Brent crude futures for July fell 9 cents, 0.1%, to $69.37 a barrel, while US West Texas Intermediate crude for July was at $66.90 a barrel, up 5 cents, or 0.1%

Oil rallies above $67 as demand optimism outweighs Iran supply concerns

Investors wager that progress in combating the Covid-19 pandemic will spur energy consumption.

India to look to OPEC once oil demand recovers after Covid second wave

India's oil demand growth is set to be just 350,000 barrels per day (b/d) in 2021, according to S&P Global Platts Analytics, given extreme consumption weakness in April and May

Indian refiners set to curb spot buying to make room for Iranian oil

The world's third largest oil consumer and importer halted imports from Tehran in 2019 after former US President Donald Trump withdrew from a 2015 accord

Oil prices drop as India's coronavirus crisis puts brakes on rally

Oil demand was already outstripping supply and the shortfall was expected to grow even if Iran boosted exports

Opec sticks to 2021 oil demand growth forecast despite Indian Covid crisis

The Organization of the Petroleum Exporting Countries expected demand to rise by 5.95 million barrels per day (bpd) this year, or 6.6%, its forecast unchanged from last month.

OPEC's share of Indian oil imports plunges to two decade low, shows data

Total crude imports by the world's third-biggest oil importer fell to 3.97 million barrels per day (bpd) in the 2021 fiscal year to March 31, down 11.8% from a year earlier

OPEC+ to meet Tuesday amid concern about rising coronavirus cases

OPEC is responsible for over a third of global production

Crude oil erases loss with Opec+ panel raising demand growth outlook

The deteriorating situation there could pose a problem for the Organization of Petroleum Exporting Countries and its allies, which have agreed to start adding more supply from May

IOC to buy Guyanese crude as India doubles up on cutting Opec dependence

According to oil ministry officials, this deal is at competitive rates and is in line with the strategy to have multiple sources of crude oil for Indian refiners

Oil up as OPEC raises 2021 demand growth forecast on hope pandemic wanes

OPEC raises 2021 global oil #demand growth view by 100,000 bpd to 6 mn

Crude oil will climb above $70; energy security could reappear on the radar

Crude oil prices could shift higher again once the market shakes off the latest bout of coronavirus jitters

Undiplomatic wrangling

India-Saudi relationship must survive oil price dispute