Page 36 - Opec

Crude oil prices likely to face resistance at $58/bbl on coronavirus fears

The OPEC+ nations have agreed to cut crude oil production by further 0.6 mbpd

Coronavirus outbreak: Subdued crude oil prices to help HPCL, other OMCs

IOC and BPCL to also gain from lower working capital requirement and firm marketing margins, but weak GRMs may limit the upside

Coronavirus: Oil holds steady even as outbreak continues to have impact

This comes a week after oil rose for the first time since early January on hopes that Chinese measures would lead to improving demand

Coronavirus outbreak will hit oil hard, but the consensus ends here

It is no surprise that the IEA, representing the major oil consuming nations, sees the biggest impact on demand

Opec cuts 2020 demand forecast by a third amid Coronavirus worries

The cartel reduced projections for demand growth in the first quarter by 440,000 barrels a day, or about a third, in its monthly report

OPEC+ panel proposes deeper oil supply cut, awaits Russia's response

OPEC+ is currently cutting output by 1.7 million bpd

Global oil demand could nearly halve if coronavirus threat escalates

The outbreak comes at a time when geopolitical risks to oil supply are likely to remain elevated in 2020, as both the US and Iran continue their maximum pressure campaigns

Oil, nickel and iron gain shine in 2019 as demand worries plague investors

All other base metals, fell by up to 12.3 per cent in 2019. Steel was almost flat, while thermal coal and natural gas were also among big losers.

Oil prices set for weekly gain as Opec, allies agree to extend output cuts

OPEC is likely to shoulder 340,000 bpd in fresh cuts and non-OPEC producers an extra 160,000 bpd, one source said on Friday

Oil prices surge on expectation of deeper production cuts by Opec

Next year, rising production in other non-OPEC countries such as Brazil and Norway threatens to add to the glut

Iran likely to back majority decision to cut oil output at OPEC: Reports

"Iran supports (a) majority decision about dropping oil production," said Hossein Kazempour Ardebili, Iran's representative to OPEC

Oil prices up 4% over likely extension of production curbs by OPEC

Some in the market remained skeptical of whether OPEC+ will deepen cuts, though many analysts expect an extension of the existing supply pact

OPEC grapples with oil oversupply, negotiations over production cuts begin

The oil-producing nations will decide whether to stick with production cuts they've endured for the past three years, relax them or deepen them in the hopes of propping up prices

Saudi pushes for longer-lasting OPEC cuts as Aramco IPO approaches

Riyadh needs high oil prices to balance its budget and support the pricing for the Aramco initial public offering, which could be the world's biggest

Oil price rises on hopes of OPEC cut extension, US-China trade talks

The Wall Street Journal also reported on Thursday that China had invited top U.S. trade negotiators for a new round of talks in Beijing, citing unnamed sources.

Saudi Arabia's Sep crude oil exports fall 3% after Aramco refinery attacks

September crude output fell by 660,000 bpd to 9.129 million bpd, figures from the Joint Organizations Data Initiative (JODI) showed.

At 73%, India's oil imports from OPEC nations hit lowest since 2011

OPEC's share of India's imports in September was about 81 per cent although total volumes were lower

Oil prices hold above $63 on US-China trade deal optimism, Opec meet

China and the United States had "constructive talks" on trade in a high-level call on Saturday

OPEC+ faces 'major challenge' from competitors' surging output: IEA

"The OPEC+ countries face a major challenge in 2020 as demand for their crude is expected to fall sharply," the Paris-based agency said in a monthly report

Opec expects oil demand to fall in 2020, may maintain supply curbs

OPEC and its partners have been limiting supply since 2017