Page 31 - Opec

Saudi Aramco to go ahead with plans to boost oil output capacity, says CEO

The oil company will boost outpur capacity by 1 million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next year

Oil prices under five-month highs on weaker dollar, low US crude inventory

Brent crude fell 7 cents to $45.10 a barrel by 0802 GMT, while US crude was down 25 cents at $41.94

Oil rebounds with equities offsetting the return of Opec+ supply

The market is looking for its next clear signal, with a slew of mixed data pressuring it on either side

Oil prices steady near $40 a barrel with Opec+ unwinding output cuts

Oil has been stuck in a narrow band since June, with rising virus infections in many countries increasing concerns about a renewed hit to the global economy

Oil prices fall on fears about economic fallout from rising Covid-19 cases

Coronavirus cases continued to surge in the United States and stood at almost 18 million globally

End game for oil? OPEC prepares for an age of dwindling demand

OPEC faces a dramatic adjustment if consumption starts a permanent decline

Crude oil prices ease after Opec+ agrees to relax output curbs next month

Futures in New York dropped below $41 a barrel, though the more global Brent benchmark's structure firmed on signs of tightness in physical markets.

Global oil demand will soar by a record 7 million bpd in 2021: OPEC

Oil prices collapsed this year after global demand fell by a third when governments imposed lockdowns to stop the spread of the virus

Crude oil prices remain stable despite surge in global Covid-19 cases

The World Health Organization reported a record daily increase in global coronavirus cases on Sunday, with the total up by more than 230,000.

OPEC chief sees oil market moving closer to balance ahead of key meeting

After July, the cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken

Oil prices steady as economic data overshadows coronavirus worries

Brent crude futures settled at $43.08 a barrel, down 2 cents in the session. US West Texas Intermediate settled down 1 cent at $40.62 a barrel.

Oil steady as hopeful economic data face spike in coronavirus cases

Brent crude settled at $43.10 a barrel, up 30 cents.

Oil prices mixed as coronavirus spike casts shadow over US demand

OPEC and allies including Russia, collectively known as OPEC+, have pledged to slash production by a record 9.7 million barrels per day (bpd) for a third month in July

Oil falls below $43 a bbl on Covid-19 surge but headed for a weekly gain

OPEC oil production fell to its lowest in decades in June and Russian production dropped to near its OPEC+ target

Market Ahead, July 3: All you need to know before the opening bell

On the results front, a total of 18 companies including Indiabulls Housing Finance are scheduled to announce their results today

OPEC basket oil price rises above $40 for first time in 4 months

The basket price stood at $42.66/bbl on July 1, almost 12% higher than the previous day, and the highest since March 3, the data showed

Goldman Sachs sees oil demand returning to pre-coronavirus levels by 2022

Demand is expected to fall by 8% this year, before rebounding 6% in 2021, the bank said

Opec cuts output to lowest since 1991 as coronavirus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month, according to the survey.

OPEC, Russia seen easing oil production cuts from August: Report

OPEC+ have agreed to cut production by a record 9.7 million barrels per day

OPEC has cut oil output by 1.25 mbpd in June, says Petro-Logistics

OPEC has cut oil output in June as it works to implement a supply restraint agreement with Russia and other allies, according to estimates from tanker-tracking company Petro-Logistics