Russia Supports Deeper OPEC+ Output Cuts
Russia will support deeper oil production cuts across OPEC and its partners, Foreign Minister Sergey Lavrov told media at an event in Mexico. “We support this idea,” the top diplomat Continue Reading
OPEC overdelivers on oil cuts but coronavirus fears complicate outlook
OPEC’s crude production plunged by 470,000 b/d in January, according to the latest S&P Global Platts survey, with Saudi discipline and a Libyan blockade bringing the group’s output down to Continue Reading
Russia Still A Holdout On Deeper OPEC+ Oil Production Cuts
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
OPEC+ committee recommends 600,000 b/d in new oil cuts, but Russia wants to wait
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
OPEC+ committee to recommend Q2 deeper cuts of 600,000 b/d: delegate
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+ delegates weigh new oil cuts as they analyze coronavirus impact
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
Factbox: OPEC experts weigh coronavirus impact and oil cuts
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+ delegates to resume coronavirus talks on possible new oil cuts
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
Can OPEC+ Rescue Oil Markets Once Again?
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+ Considers 500,000 Bpd Cut In Emergency Meeting
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