Page 37 - Opec

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

Oil prices fall after Trump plays down optimistic China trade reports

Concern over trade war, oversupply persists; China car sales fall again

India asks OPEC not to cut oil production; seeks better commercial terms

OPEC nations led by Iraq and Saudi Arabia supply more than 80% of India's oil needs

Modi to cancel meeting with global oil CEOs over scheduling issues: Report

The meeting, coordinated by the Niti Aayog, focuses on challenges posed by volatile oil prices, impacted by changing geopolitical situation.

Saudi prince's oil diplomacy makes mark at Opec+ meeting debut

The prince's labors this week are just the latest example of a career devoted to petroleum diplomacy

Saudi king names his son, an industry expert, as energy minister

Prince Abdulaziz, who most recently served as state minister for energy affairs, is widely seen as a capable and experienced technocrat