OPEC News

OPEC Sec. General Barkindo: Saudi Arabia has ample supplies in its inventories
OPEC Sec. General Barkindo: Saudi Arabia has ample supplies in its inventories
Commenting on the Saudi attack and its impact on the Kingdom’s oil output, the OPEC Secretary-General Mohammad Barkindo said that...
Forex News 14 hours ago
OPEC Source: There is no need for extraordinary OPEC+ meeting for now
OPEC Source: There is no need for extraordinary OPEC+ meeting for now
An OPEC sources is quoted by Reuters, as saying that there is no need for extraordinary OPEC+ meeting for now. The sources added that...
Forex News 16 hours ago
OPEC+ statement: Important for all countries to reach full conformity with output cuts
OPEC+ statement: Important for all countries to reach full conformity with output cuts
OPEC+ is out with its statement following the conclusion of today's Joint Ministerial Monitoring Committee (JMMC) meeting. Key Hig...
Forex News 5 days ago
Sources: OPEC JMMC discussed insufficient oil output cuts in Iraq and Nigeria - TASS
Sources: OPEC JMMC discussed insufficient oil output cuts in Iraq and Nigeria - TASS
The Russian news agency, TASS, quotes sources with the knowledge of the discussion, as saying that OPEC Joint Ministerial Monitoring Co...
Forex News 5 days ago
WTI drops back below $ 56 ahead of OPEC meeting
WTI drops back below $ 56 ahead of OPEC meeting
Oil pares gains as US-China trade optimism-led risk-on cool-off. Focus on US-Iran geopolitical tensions and OPEC meeting for fresh d...
Commodity News 5 days ago
Oil prices to remain supported amid OPEC output cuts - ANZ
Oil prices to remain supported amid OPEC output cuts - ANZ
Analysts at Australia and New Zealand Banking Group (ANZ) offer their oil-price outlook heading amid US-Iran geopolitical risks and ahe...
Commodity News 5 days ago
OPEC cuts 2020 global oil demand growth forecast by 60,000 bpd amid economic slowdown
OPEC cuts 2020 global oil demand growth forecast by 60,000 bpd amid economic slowdown
OPEC in its monthly report on Wednesday announced that it cut its forecast for 2020 global oil demand growth by 60,000 barrels per...
Forex News 5 days ago
WTI advances above $58 on hopes of further output cuts
WTI advances above $58 on hopes of further output cuts
Iraqi Oil Minister says they will lower ouptput to comply with OPEC agreement. Saudi Arabia's new Energy Minister voices support...
Commodity News 6 days ago
OPEC's Barkindo: We have been very conservative with demand numbers
OPEC's Barkindo: We have been very conservative with demand numbers
OPEC Secretary-General Mohammad Barkindo crossed the wires in the last minutes arguing that they have been very conservative with the d...
Forex News 6 days ago
Iraq’s OilMin: Ready and committed to comply with oil output cut
Iraq’s OilMin: Ready and committed to comply with oil output cut
Speaking at a forum on Tuesday in Abu Dhabi, Iraq’s Oil Minister Thamir Ghadhban said that "we are trying to agree to our co...
Commodity News 7 days ago
OPEC+ may discuss new metrics for oil market monitoring - TASS
OPEC+ may discuss new metrics for oil market monitoring - TASS
OPEC's Joint Ministerial Monitoring Committee (JMMC) may discuss new metrics for monitoring oil markets when it convenes in Abu Dha...
Forex News 7 days ago
WTI remains bid in US session on OPEC production cut sentiment
WTI remains bid in US session on OPEC production cut sentiment
WTI is amid a dichotomy between demand and supply signals. Bulls target 60.65 comes as the key target. To the downside, the 23.6%...
Commodity News 1 weeks ago (09-10)
Oman: Change in Saudi Oil Minister won't change OPEC+ policy
Oman: Change in Saudi Oil Minister won't change OPEC+ policy
Responding to the change in the Saudi Arabian Energy Minister over the weekend, the Omani Oil Minister is quoted by Reuters, as saying...
Commodity News 1 weeks ago (09-09)
Russia’s Novak: Russia will continue coordination with the OPEC
Russia’s Novak: Russia will continue coordination with the OPEC
The recent comments are crossing the wires from the Russian Energy Minister Alexander Novak, as he assures markets that the recent chan...
Forex News 2 weeks ago (09-04)
WTI drops 1.5% towards $ 54 on trade risks, rising OPEC output
WTI drops 1.5% towards $ 54 on trade risks, rising OPEC output
Oil sold-off into US-China trade woes, rising OPEC output Stronger USD Index also adds to the downside in oil. Markets await API C...
Commodity News 2 weeks ago (09-03)
OPEC output rises for first time since start of 2019 cutbacks – Bloomberg Survey
OPEC output rises for first time since start of 2019 cutbacks – Bloomberg Survey
The latest Bloomberg survey, based on estimates from officials, ship-tracking data and consultants including Rystad Energy an...
Forex News 2 weeks ago (09-03)
Russia’s Novak: Russia’s August oil output was slightly higher than levels agreed under OPEC+ deal
Russia’s Novak: Russia’s August oil output was slightly higher than levels agreed under OPEC+ deal
RIA and Interfax news agencies reported the recent comments from the Russian Energy Minister Alexander Novak, as saying that the August...
Forex News 2 weeks ago (09-02)
WTI prices plummet over 4% in Friday following OPEC output cut noise / DXY above 99.00
WTI prices plummet over 4% in Friday following OPEC output cut noise / DXY above 99.00
The DXY broke highest levels since May 2017 and WTI extends to a 4% decline. Russia's oil output cuts in August will be slightl...
Commodity News 2 weeks ago (08-31)
Russia's Novak: August oil cuts will be slightly below those agreed with OPEC+
Russia's Novak: August oil cuts will be slightly below those agreed with OPEC+
According to RIA and Interfax news agencies, Russian Energy Minister Alexander Novak today said that Russia's oil output cuts in Au...
Forex News 2 weeks ago (08-30)
OPEC+ JMMC notes that July compliance with cuts was 159%, WTI regains $ 54
OPEC+ JMMC notes that July compliance with cuts was 159%, WTI regains $ 54
The Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries and non-cartel oil ...
Commodity News 3 weeks ago (08-27)
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