OPEC+ to hold Oct. 5 meeting in person in Vienna
OPEC+ will hold its meeting on Oct. 5 in person in Vienna, an OPEC source told Reuters on Saturday. A virtual option will also be available for some delegations due Continue Reading
OPEC oil output in Sept hits highest since 2020 – survey
OPEC oil output rose in September to its highest since 2020, surpassing a pledged hike for the month, after production in Libya recovered from disruption and Gulf members boosted output Continue Reading
OPEC+ has begun talks on output cut at Oct. 5 meeting – OPEC source
Leading OPEC+ members have begun discussions about an oil output cut at the group’s next meeting on Oct. 5, three sources told Reuters. One OPEC source told Reuters a cut Continue Reading
Russia seen suggesting OPEC+ cuts oil output by 1 mln bpd – source
Russia is likely to propose that OPEC+ reduces oil output by around 1 million barrels per day at its next meeting in October, a source familiar with the Russian viewpoint Continue Reading
IMF says UK fiscal measures will ‘likely increase inequality,’ urges rethink
WASHINGTON, Sept 27 (Reuters) – The International Monetary Fund on Tuesday took aim at new British financial plans that have roiled markets, warning that “large and untargeted fiscal packages” would Continue Reading
OPEC+ supply shortfall now stands at 3.5% of global oil demand
OPEC+ is now producing below its targets by a record 3.58 million barrels per day – about 3.5% of global demand – highlighting underlying tight supply in the oil market, Continue Reading
OPEC Update, September 18, 2022
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OPEC+ falls short of oil output target by 3.583 mln bpd in August -document
OPEC+ fell short of its oil production target by 3.583 million barrels per day (bpd) in August, an internal document showed, having missed target by 2.892 million bpd in July. Continue Reading
All Eyes On OPEC+ As Oil Prices Drop Below $90
OPEC+ cut its production target by 100,000 bpd this week, a move that was largely symbolic due to the group’s underproduction. After an initial spike in prices, markets appear to Continue Reading
OPEC+ crude oil output rises but quota shortfall hits record high: Platts survey
Highlights OPEC+ production up 260,000 b/d in August Kazakh, Nigerian losses temper Libyan, Gulf gains Output is 3.61 mil b/d below target, most in OPEC+ history Not registered? Receive daily Continue Reading