Page 30 - Opec

66% energy execs believe US oil production has peaked: Dallas Fed survey

The Dallas Fed did not say if the peak was considered temporary or permanent as major oil firms have been discussing

Venezuela hails 'record level of compliance' with OPEC+ deal

The OPEC+ cooperation agreement saw "a record level of compliance" in August, Venezuelan Oil Minister Tareck El Aissami said

OPEC+ calls for compliance with oil cuts, Saudi says not an act of charity

OPEC and its allies, led by Russia, pressed for better compliance with oil output cuts on Thursday against the backdrop of falling crude prices as uncertainty reigns over the global economic outlook

OPEC+ panel to meet to discuss output cuts, oil price decline amid Covid-19

OPEC and allies are scheduled to hold an online meet to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook

60 years of OPEC: Is the cartel's power over the oil market broken?

The main reason OPEC was able to wrest this control in 1973 was that in 1970, crude oil production in Texas started to fall

Covid-19: Opec sees weaker outlook as demand falters, shale recovers

Oil prices slipped further below $40 a barrel in London on Monday, close to their lowest in more than two months

Bringing US economy to its knees, to being a friend: Opec turns 60

Founded in Baghdad on September 14, 1960 to counter the power of seven US and British oil companies, Opec has repeatedly yielded to pressure from Washington

Brent crude tumbles below $40 in wake of faltering demand outlook

A stall in Asia's recovery, the end of the US summer driving season and increased supply from the OPEC+ alliance signal a bleak short-term outlook for oil prices

Russia's Novak says OPEC+ may discuss underperformers this month: RIA

OPEC and its allies may discuss this month countries which have lagged in reducing their oil output under a global oil cut deal, Russian Energy Minister Alexander Novak was quoted as saying on Monday

Saudi Arabia reduces oil prices in sign demand recovery struggling

Aramco cut Arab Light to Asia to a discount against the benchmark oil price used by the Saudis for the first time since June

Fully committed to OPEC+ oil cuts, not seeking any exemptions, says Iraq

Earlier on Wednesday, Oil Minister Ihsan Abdul Jabbar was quoted as saying that he has spoken about the exemption to key OPEC oil ministers in three separate meetings

Iraq seeks exemption from OPEC deal curbing oil production in Q1 2021

Abdul Jabbar said last month that Iraq would cut its oil production by an additional 400,000 bpd in August and September to compensate for its overproduction in the three previous months

Opec shares in India's oil imports fall to decade low due to Covid-19

The Covid-19 disruptions have changed the structure of the country's oil and gas sector with the share of OPEC crude in Indian oil imports falling to a decade-low level in July.

Iraq pledges to deepen oil output cuts in Aug, Sept by 400,000 barrels/day

Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the past three months.

OPEC+ presses for compliance with oil cuts amid fears of demand recovery

The group, known as OPEC+, met on Wednesday to review compliance and left oil cuts levels unchanged

Oil rises on China's plan to boost US crude imports, OPEC+ compliance

Firmer stock markets and a weaker dollar were also lending support, said Commerzbank analyst Eugen Weinberg

Oil slips below $45 on rising supply, demand doubts due to Covid-19

Two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil demand forecasts this week

Oil prices head for second weekly gain amid hopes for fuel demand recovery

Brent crude was up 14 cents, or 0.3%, at $45.10, heading for a gain of about 1.6% this week

OPEC trims oil demand in 2020; recovery doubtful in 2021 on Covid-19

World oil demand will fall by 9.06 million barrels per day (bpd) this year, the Organization of the Petroleum Exporting Countries said in a monthly report

OPEC+ has tricky balancing act keeping $40/b oil price floor

There is still a long way to go before Asian demand can be relied upon again