The OPEC+ group is getting closer to deciding how to proceed come January, according to several delegates who shared this insight with Bloomberg . After discussing the options, which included Continue Reading
Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three to six months, according to several delegates. Saudi Arabia and Russia, Continue Reading
Saudi Arabia and Iraq will cooperate and coordinate their positions on oil policies within the organization of Petroleum Exporting Countries and will remain committed to decisions already made by the Continue Reading
Russia is not ready to discuss changes to the ongoing OPEC+ oil production cuts before the Joint Ministerial Monitoring Committee (JMMC) next week, Russia’s top oil diplomat Alexander Novak told Continue Reading
All OPEC data for this report is from the OPEC Monthly Oil Market Report . All data is through October 2020 and is in thousand barrels per day. The combined Continue Reading
Iraq and Saudi Arabia have affirmed their “full commitment” to the OPEC+ output curbs decision in order to achieve an oil price that is fair to both consumers and producers, Continue Reading
It’s the latest signal that the group is reconsidering plans to hike production in January. (Bloomberg) — OPEC+ ministers talked openly about the possibility of tweaking their oil-cuts deal, the Continue Reading
OPEC+ crude oil output ticked up 210,000 b/d in October, the latest S&P Global Platts survey found, as the alliance readies to set production levels for 2021 in what may Continue Reading
India wants OPEC to review its pricing policies for the Asian market and end the premium it puts on its crude for Asia, Indian Oil Minister Dharmendra Pradhan said at Continue Reading
The Organization of the Petroleum Exporting Countries and Russia are considering deeper oil output cuts early next year to try to strengthen the oil market, one OPEC source and one Continue Reading
