Page 27 - Opec

Oil extends losses on worry over possible supply increase from OPEC

The group meets on Thursday and could discuss allowing as much as 1.5 million barrels per day (bpd) of crude back into the market

Oil rebounds from biggest slump since Nov ahead of a key Opec+ meeting

At 8.48 pm (IST), Brent crude was trading at $64.65 a barrel, up 0.36 per cent

Oil drops on dollar strength and OPEC+ supply expectations

NEW YORK (Reuters) - Oil prices fell on Friday as the U.S. dollar rose while forecasts called for crude supply to rise in response to prices climbing above pre-pandemic levels.

Oil prices drop on dollar strength, hopes of rise in OPEC+ supply

Brent crude futures for April, which expire on Friday, fell 74 cents, or 1.1%, to $66.14 a barrel

Crude oil's fate could be in hands of commodity supercycle

OPEC+ will have an important say in how the oil supercycle plays out. Oil prices are now at a level that could bring at least the smaller US operators back and even start to tempt renewed longer-cycle

OPEC+ to weigh modest oil output boost at meeting: Report

LONDON/MOSCOW (Reuters) - OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks in the battle against the pandemic.

Oiling the recovery

Private players struggle against excessive regulation. The result is loss of investment and employment opportunities in India

Oil hits 13-months highs on fears of tensions in the Middle East

Oil prices have rallied over recent weeks also as supplies tighten

Oil prices ease after record rally as OPEC, IEA fret about demand

Brent futures fell 33 cents, or 0.5%, to settle at $61.14 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 44 cents, or 0.8%, to settle at $58.24.

Iraq says OPEC+ cuts unchanged in March meeting, but easing after

Iraqi Oil Minister Ihsan Abdul Jabbar said he anticipated an oil price of $58 to $63 in 2021. The minister spoke at a news briefing in Baghdad

Oil recovery too fast for its own good; crude prices testing $60 a barrel

Recent increases in crude prices and the rapid drawing down of visible stockpiles will undoubtedly lead to calls for a more rapid raising of prod­uc­tion targets than was envisaged in December

Oil prices hit highest level in a year on growth hopes, OPEC+ cuts

New orders for US-made goods rose more than expected in December, pointing to continued strength in manufacturing

Oil prices gain on continued cuts from OPEC+ and US stocks draw

The market was further bolstered by news that Democrats in the US Congress took the first steps toward advancing President Joe Biden's proposed $1.9 trillion coronavirus aid plan

OPEC+ sticks with oil policy as prices rise towards one-year high

Oil prices extended gains on Wednesday after the meeting ended and benchmark Brent crude traded as high as $58.74 a barrel, the highest since late February 2020

Oil slips as Covid-19 and demand concerns weigh ahead of supply report

American Petroleum Institute said on Tuesday that US crude inventories fell by 5.3 million barrels. Analysts expect them to rise in a Reuters poll ahead of official inventory figures due at 1530 GMT

Oil refiners on the margin amid rising crude prices, muted demand

Indian majors have to balance between rising crude prices, muted demand and heavy central and state levies on retail prices

OPEC+ compliance with oil production cuts at 99% in December, says report

The figure is slightly below November's 101 percent

Brent oil rises on weaker dollar though IEA cuts demand outlook

Consumption in the first quarter of 2021 will be 600,000 barrels a day lower than previously thought, the agency said as the coronavirus outbreak continues to impede people's movements

Saudi's surprise output cut to lift Brent to $60 a barrel by mid-year: UBS

UBS expects Brent to trade at $63 per barrel in the second half of 2021

Oil near 10-month high after Saudi Arabia's unilateral supply cut

Futures in New York rose 0.2 per cent, but gave up some earlier gains after failing to rise above the lows set in June 2019, a level seen as providing technical resistance