While a technical panel of the OPEC+ coalition is recommending an additional cut of 600,000 bpd in response to the lower oil demand due to the coronavirus outbreak, OPEC’s key Continue Reading
Saudi-led efforts to implement deeper oil cuts to tackle the coronavirus’ impact on the market remained in limbo Thursday, with key ally Russia not yet on board with a proposal Continue Reading
Key oil producing countries led by Saudi Arabia and Russia appear set to implement 600,000 b/d of new production cuts for three months starting in March to counter the demand Continue Reading
OPEC and its allies ended the first half of a two-day technical committee meeting Tuesday with no pronouncements on new production cuts, but heard from a Chinese official who said Continue Reading
OPEC and its coalition partners are discussing deeper cuts to oil output in the wake of the global coronavirus outbreak and slowing Chinese demand. The technical committee of the 23-member Continue Reading
OPEC analysis estimates 200,000-400,000 b/d demand fall Analysts see OPEC+ agreeing on cuts of at least 500,000 b/d Ministerial meeting would need to be scheduled for vote Officials from OPEC Continue Reading
If you haven’t received our latest Global Energy Alert report , I strongly recommend you to sign up and read it immediately. From the latest breaking news on the Coronavirus Continue Reading
OPEC and its key ally in the OPEC+ coalition, Russia, are set to convene an extraordinary meeting of a joint technical committee on Tuesday or Wednesday this week, to discuss Continue Reading
Saudi Arabia and Russia are ready for “further coordination of actions” to ensure the stability of the global oil markets as oil prices have plunged amid concerns that the coronavirus Continue Reading
OPEC and its allies are considering a further cut in their oil output of 500,000 barrels per day (bpd) due to the impact of the coronavirus on oil demand, two Continue Reading
