Page 28 - Opec

Oil prices slip as OPEC+ resume negotiations on output cut extension

Oil prices fell as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the Covid-19 pandemic

Oil rallies as OPEC+ makes headway on output cut deal after days of talks

The Russian government, after internal talks with its own oil companies, has settled on its position, a person familiar with the discussions said on Wednesday

OPEC+ talks delayed as UAE, Saudi Arabia flight over oil production

At stake is the credibility of the cartel whose actions have underpinned the market since the spectacular oil crash earlier this year

Oil prices inch down as OPEC and allies seek consensus on output

Brent crude was down 19 cents at $47.69 a barrel by 1430 GMT and West Texas Intermediate was down 36 cents at $44.98.

Oil prices slide after OPEC+ talks delays escalate supply concerns

Oil prices slipped amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the Covid pandemic continues to sap fuel demand

Oil prices down 1% as OPEC debates to extend deep output cuts in 2021

U.S. West Texas Intermediate crude for January fell 35 cents, or 0.8%, to $45.18 a barrel

OPEC reaches consensus to extend oil cuts by three months, says Algeria

"There is consensus at the OPEC level ... on extending the current 7.7 million barrels per day (bpd) cuts until ... the end of March," Attar said, according to Algeria's state news agency

Delaying production? OPEC plots next move amid seismic oil market divide

The east-west divide is an added conundrum for OPEC+, which on Monday and Tuesday needs to decide whether to delay a production increase slated for January -- and if so, for how long

Oil prices slip as investors turn cautious ahead of OPEC+ meeting

Oil prices fell about 1% amid investor jitters ahead of an OPEC+ meeting to decide whether the producers' group will extend large output cuts to balance global markets

Opec, allies face seismic demand split; plan to extend output cuts

Bloc set to meet virtually to address key concerns on the back of a disastrous yr

Oil prices set for weekly gain ahead of OPEC+ meeting next week

OPEC+ was planning to raise output by 2 million barrels per day (bpd) in January - about 2% of global consumption

Oil prices extend gains on coronavirus vaccine hopes, OPEC+ output check

Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel, while US West Texas Intermediate crude gained 10 cents

Oil prices gain 2% on potential OPEC+ rethink and Covid-19 vaccine hopes

The market was also supported by a smaller-than-expected increase in U.S. crude stockpiles last week.

Oil dips on Covid-19 lockdown worries even though OPEC+ may tighten supply

Brent was down 29 cents, or 0.6%, at $43.53 a barrel by 1444 GMT while US crude was down 27 cents, or 0.6%, at $41.07. Both had been up 40 cents earlier in the session.

Saudi calls on OPEC+ to be flexible as it weighs oil cut extension

The JMMC, which can recommend policy to the broader group, made no formal recommendations on Tuesday, three OPEC+ sources said

Panel at OPEC+ group anticipates weaker oil demand in 2021: Report

The OPEC+ group of producers was due to raise output by 2 million bpd in January

OPEC+ compliance with oil production cuts in October seen at 101%

OPEC+ is due to meet next on Nov. 30 and Dec. 1, following a high-level ministerial meeting on Tuesday

Oil keeps climbing on hopes OPEC+ will hold back supply as Covid cases rise

The weakening outlook has piled pressure on OPEC+ to delay a supply increase of 2 million bpd scheduled for January, which the market is now pricing in

OPEC expects coronavirus to curb oil demand recovery into 2021

The weakening demand recovery could support the case for OPEC and its allies, a group known as OPEC+, to delay a scheduled oil-output boost next year

Crude oil glut likely to overshadow any OPEC+, US policy shifts

S&P Global Platts Analytics slashed its 2021 oil consumption outlook by 700,000 barrels per day (b/d) recently and now predicts oil demand growth of 5.8 million b/d in 2021