OPEC warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider whether to increase production. “The outlook for the Continue Reading
Kuwait supports OPEC+ decisions that help maintain stability in crude markets, particularly in light of the negative repercussions from the pandemic, the country’s oil minister said Jan. 4, as ministers Continue Reading
OPEC and its allies will meet later Jan. 4 to set crude production levels for February, with the spread of new COVID-19 variants potentially giving ministers pause on proposals to Continue Reading
OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary-general said on Sunday, a day before meeting allies led by Russia to discuss Continue Reading
Highlights Ministers will meet Jan. 4 to set February quotas Countries appear split on raising crude output Monthly talks aim to allow nimble OPEC+ policy London — In turning the Continue Reading
OPEC+ fully complied with the supply cuts in November that the group agreed on, two sources from the group told Reuters. OPEC+ is scheduled to meet on January 4 to Continue Reading
OPEC+ will take a more hands-on approach to global oil markets now that it plans to meet more frequently, Bloomberg has reported , citing the leaders of the group, Saudi Continue Reading
The OPEC+ group may prolong its current strategy to manage oil markets until the end of 2022 in order to keep speculators “on their toes”, Saudi energy minister Prince Abdulaziz Continue Reading
OPEC+ will react faster to changes and take a more hands-on approach with the oil market, thanks to its accelerated schedule of monthly meetings, according to Russia and Saudi Arabia, Continue Reading
This update reports data from the Monthly Oil Market Report (MOMR) published by OPEC on December 14, 2020. The latest data point in each chart presented is November 2020 and Continue Reading
