The Opec+ oil alliance decided on Thursday to increase output gradually from May as pressure mounts from inside and outside the producers group to release more barrels on to the Continue Reading
OPEC’s crude production rose last month as rebounding supplies from Iran and Libya complicated the group’s efforts to keep global markets in balance. The Organization of Petroleum Exporting Countries boosted output Continue Reading
OPEC+ expressed growing confidence in the global economic recovery by agreeing to increase oil production gradually in the coming months.Before Thursday’s meeting, the cartel had been widely expected to maintain Continue Reading
OPEC+ alliance meets April 1 to decide May production levels Oil inventories remain above targeted 2015-2019 average Many members favor quota rollover, but length still undecided The outlook for the Continue Reading
A large increase in Iranian oil production pushed overall OPEC oil output higher in March compared to February, the monthly Reuters survey found on Wednesday, suggesting that higher supply from Continue Reading
With the OPEC+ group due to meet April 1 to determine May production levels, analysts expect Russia to keep maintain its push for a moderate output increase given increased demand Continue Reading
The cumulative excess production of the OPEC+ group has risen to 3 million barrels per day (bpd) through February, up from a cumulative excess production of 2.8 million bpd in Continue Reading
OPEC had previously forecast 5.9 million b/d growth in 2021 Third COVID-19 wave, faltering economies prompt revision OPEC and allies will meet online April 1 to discuss quotas OPEC is Continue Reading
As OPEC and its allies prepare for another decision on oil output, the producers believe their defiantly cautious approach is paying off. (Bloomberg) –As OPEC and its allies prepare for Continue Reading
A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021. (Bloomberg) — A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021 Continue Reading
