Page 29 - Opec

Oil prices jump on Covid-19 vaccine hopes and OPEC+ supply signals

Brent crude rose $3.41, or 8.6%, to $42.86 a barrel by 1302 GMT while U.S. West Texas Intermediate crude was up $3.57, or 9.6%, at $40.71.

OPEC would miss 'friend Trump', wary of strains under Biden, sources say

Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Biden as US President, close sources said and would miss Trump who helped bring about a record oil output cut

OPEC would miss 'friend Trump', wary of strains under Biden: Reports

Biden has said he would prefer multilateral diplomacy to the unilateral sanctions Trump has imposed

India asks OPEC to correct anomalies in crude price for different regions

India said oil-cartel OPEC needs to address anomalies in the crude price differential for different regions.

Big oil stares at a long winter ahead as global fuel demand stays muted

With U.S. Covid-19 cases hitting a record this week and new lockdowns looming across Europe, the virus and its impact on petroleum demand show no sign of abating

As Europe curbs travel due to Covid, oil set to see worst month since March

Futures have tumbled 9.8% this month in New York and they're near the lowest since late May in London

Oil falls about 2% on Libyan crude output, coronavirus demand concerns

US crude settled at $39.85 a barrel, falling 79 cents, or 1.9 per cent

Rollover on oil output curbs possible, says Russian Prez Vladimir Putin

Putin said on Thursday he had been in contact with Saudi Arabia, OPEC's top producer, as well as the United States

Oil prices decline with OPEC+ warning of precarious market outlook

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman, speaking at the coalition's committee meeting on Monday, called on the group to be proactive in the face of uncertain demand

Kremlin says new OPEC+ committee's oil talks to tackle weak demand outlook

Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman held two phone calls last week to discuss oil markets

Putin and Saudi crown prince discuss OPEC+ agreements and coronavirus

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed energy markets and the implementation of agreements by the oil producers group known as OPEC+, the Kremlin said

Oil dips on prolonged second wave of Covid-19, fears of more supply

Brent crude futures fell 23 cents to settle at $42.93 a barrel, and US West Texas Intermediate (WTI) crude futures dropped 8 cents to settle at $40.88 a barrel

OPEC+ fears second Covid-19 wave could lead to oil surplus in 2021

Such a surplus could threaten plans by OPEC, Russia and allies, known as OPEC+, to taper record output cuts made this year by adding 2 million bpd of oil to the market in 2021

OPEC+ will ensure oil prices do not plunge again: Mohammad Barkindo

"We have to be realistic that this recovery is not picking up pace at the rate that we expected earlier in the year," he said. "Demand itself is still looking anaemic."

OPEC+ panel discusses weaker oil demand outlook, Libya supply rise: Report

On Thursday, OPEC Secretary General Mohammad Barkindo told a conference that demand was recovering at a slower pace than expected

OPEC+ oil output boost to leave market in precarious balance, IEA says

At the same time, markets are set to receive fresh supplies in January as OPEC and its partners relax some of the measures they've taken to prevent a glut

Saudi Prince, Russian President urge OPEC+ to stick to agreed output cuts

During a phone call, the two leaders reviewed global oil-market conditions and efforts made to achieve balance and support the growth of the global economy, the official Saudi Press Agency said

Libya govt gets ready to pump more oil as it reopens biggest field

The National Oil Corp., Libya's state energy company, lifted force majeure on the western deposit of Sharara and instructed its operator to resume production, according to a statement on Sunday

Oil prices drop 3% on weak demand outlook and higher OPEC supplies

Brent crude futures fell $1.37, or 3.2%, to settle at $40.93 a barrel after dropping to a low of $39.92

Oil market: Muddle of contradictions as traders size up prospects for 2020

As prices stick to a narrow range near $40 a barrel, some of the biggest commodity houses, including Vitol Group, Trafigura Group, and Mercuria Energy Group, have diverging views about what's next