Page 27 - Opec

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

Oil little changed as investors await OPEC+ decision on February output

Oil prices were little changed after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new Covid-19 lockdowns

Oil dips after OPEC warns of downside risks to demand in first half of 2021

Oil prices dipped on Monday, the first day of 2021 trading, ahead of an OPEC meeting to discuss output levels for February with fears for first-half demand seeping into the market as pandemic lingers

OPEC cuts 2021 oil demand outlook again as pandemic impact lingers

Demand will rise by 5.90 million barrels per day (bpd) next year to 95.89 million bpd, the Organization of the Petroleum Exporting Countries said in a monthly report

OPEC's decision to hike oil output would stabilise fuel prices: Pradhan

Pradhan's statement comes in the wake of a steep hike in the prices of petrol and diesel recently

OPEC+ needed a Swat team for swift action, instead it mobilises an Army

Monday's virtual gathering of the 13 OPEC ministers broke up without agreement, the bigger OPEC+ meeting was delayed by two days and then by another two hours as the start time approached

OPEC+ agrees to increase output by 500,000 barrels a day in Jan 2021

The Organization of the Petroleum Exporting Countries and non-OPEC countries decided at a meeting to increase oil production by 500,000 barrels per day in January 2021

OPEC+ resumes talks on 2021 policy amid discord on how to tackle oil demand

OPEC and Russia resume talks in a bid to define policies for 2021 after an initial round of discussions this week failed to bring a compromise on how to tackle weak oil demand amid a second Covid wave

OPEC+ agrees to raise oil output by 500,000 bpd from January: Report

OPEC+ sources have said Russia, Iraq, Nigeria and the United Arab Emirates have all to a certain extent expressed interest in supplying the market with more oil in 2021

Oil prices hold steady as OPEC+ works on compromise on production deal

OPEC and Russia have moved closer to a compromise, OPEC+ sources told Reuters