OPEC News

Russia's Pres. Putin: Saudi Arabia taking tough stance on OPEC deal
Russia's Pres. Putin: Saudi Arabia taking tough stance on OPEC deal
While speaking before media at Brazil, Russia, India, China and South Africa (BRICS) Summit in Brazil late-Thursday, Russian President...
Forex News 12 hours ago
OPEC: Forecast for 2020 global oil demand growth unchanged at 1.08 million bpd or 1%
OPEC: Forecast for 2020 global oil demand growth unchanged at 1.08 million bpd or 1%
The Organization of the Petroleum Exporting Countries (OPEC) in its latest report announced that it left its forecast for 2020 global o...
Forex News 1 days ago
OPEC's Barkindo: There is no cause for alarm for the moment, OPEC+ deal runs until March 2020
OPEC's Barkindo: There is no cause for alarm for the moment, OPEC+ deal runs until March 2020
OPEC Secretary-General Mohammad Barkindo crossed the wires in the last minutes arguing that there is no cause for alarm in the oil mark...
Forex News 2 days ago
OPEC's Barkindo says it is too early to say if further output cuts are needed
OPEC's Barkindo says it is too early to say if further output cuts are needed
Oil moves another leg lower after comments from the OPEC secretary-general. Spot WTI is now 0.91% lower on the session.   O...
Forex News 2 days ago
Saudi Arabia's oil production in October was 10.3M bpd in conformity with OPEC+ commitment
Saudi Arabia's oil production in October was 10.3M bpd in conformity with OPEC+ commitment
Citing a Saudi oil industry source, Reuters on Monday reported that Saudi Arabia's oil production in October was 10.3 million barre...
Forex News 4 days ago
Oil markets fall as it is reported that OPEC+ members are not looking for another production cut
Oil markets fall as it is reported that OPEC+ members are not looking for another production cut
Bloomberg have reported that the biggest OPEC+ members are not looking for another production cut. WTI fell from the USD 57.43 per b...
Commodity News 1 weeks ago (11-07)
UAE energy minister: Too early to say if OPEC will intensify any oil cuts
UAE energy minister: Too early to say if OPEC will intensify any oil cuts
The energy minister of the United Arab Emirates crossed the wires in the last minutes, arguing that it is too early to say if the Organ...
Forex News 1 weeks ago (11-06)
OPEC's Barkindo: Optimistic oil market is on course to gain stability
OPEC's Barkindo: Optimistic oil market is on course to gain stability
OPEC Secretary-General Mohammad Barkindo crossed the wires in the last minutes saying that they are optimistic the oil market is o...
Forex News 1 weeks ago (11-05)
OPEC: Raises mid-term outlook for non-OPEC Oil supply growth
OPEC: Raises mid-term outlook for non-OPEC Oil supply growth
OPEC forecasts global oil demand to rise to 103.9 million bpd (mbpd) by 2013 and raised its mid-term outlook for non-OPEC oil supply gr...
Commodity News 1 weeks ago (11-05)
Brent oil trades above 100-day MA as Russia reaffirms commitment to output cuts
Brent oil trades above 100-day MA as Russia reaffirms commitment to output cuts
Brent oil is trading above the 100-day average for the first time in over a month.  The upside is being capped likely due to co...
Forex News 3 weeks ago (10-28)
Russian Energy Min Novak: No official proposal on changed OPEC+ deal
Russian Energy Min Novak: No official proposal on changed OPEC+ deal
Russia's Energy Minister Alexander Novak crossed the wires in the last hour, via Reuters, saying that there has been no official pr...
Forex News 3 weeks ago (10-23)
Oil: Larger supply cuts for 2020 from OPEC? – Danske Bank
Oil: Larger supply cuts for 2020 from OPEC? – Danske Bank
Danske Bank analysts note that late yesterday, Reuters quoted OPEC sources for saying that they would consider larger supply cuts for 2...
Commodity News 3 weeks ago (10-23)
WTI bulls capped ahead of $55 handle as market weighs probability of OPEC+ cuts
WTI bulls capped ahead of $55 handle as market weighs probability of OPEC+ cuts
WTI runs to key resistance on high hopes of an OPEC+ accord to cut supply. Saudis may have their work cut out in achieving an accord...
Commodity News 3 weeks ago (10-23)
OPEC, allies to consider deeper oil cuts at December meeting - Reuters
OPEC, allies to consider deeper oil cuts at December meeting - Reuters
Citing Organization of the Petroleum Exporting Countries (OPEC) sources familiar with discussions, Reuters on Tuesday reported that OPE...
Forex News 3 weeks ago (10-22)
OPEC chief hints at deeper oil production cuts in December
OPEC chief hints at deeper oil production cuts in December
A deeper production cut is among options for OPEC and its allies to consider in December, OPEC's Secretary General Mohammad Ba...
Forex News 1 months ago (10-11)
OPEC trims 2019 demand growth forecast to 0.98 million barrels per day
OPEC trims 2019 demand growth forecast to 0.98 million barrels per day
The Organization of the Petroleum Exporting Countries (OPEC) on Thursday announced that it lowered 2019 global oil demand growth foreca...
Forex News 1 months ago (10-10)
OPEC Sec. General Barkindo: OPEC's challenge has always been to depoliticize oil
OPEC Sec. General Barkindo: OPEC's challenge has always been to depoliticize oil
The world is becoming unpredictable in terms of economic outlook and geopolitics. Saudi attack is almost behind us thanks to swift res...
Forex News 1 months ago (10-10)
WTI prices sideways following ho-hum FOMC minutes, traders looking to OPEC
WTI prices sideways following ho-hum FOMC minutes, traders looking to OPEC
The FOMC minutes had little impact on the price of oil. On a spot basis, the price is failing to convince on upside attempts. It is...
Commodity News 1 months ago (10-10)
Russia’s Novak: Too soon to consider OPEC+ measures to stabilize the oil market
Russia’s Novak: Too soon to consider OPEC+ measures to stabilize the oil market
Russian Energy Minister Alexander Novak was on the wires last minutes, via Reuters, noting that it’s too soon to consider OPEC+ m...
Forex News 1 months ago (10-08)
OPEC Sec. General Barkindo: OPEC thinks deeper cuts are premature
OPEC Sec. General Barkindo: OPEC thinks deeper cuts are premature
The OPEC Secretary-General Mohammad Barkindo was on the wires last hour, via TASS, noting that “OPEC thinks deeper cuts are prema...
Forex News 1 months ago (10-07)
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