OPEC News

Saudi Energy Minister: Kingdom and other OPEC+ producers can act to support oil markets if needed
Saudi Energy Minister: Kingdom and other OPEC+ producers can act to support oil markets if needed
Early Monday morning in Asia, Saudi Arabia’s Energy Minister crossed the wires while reiterating the ability of the Organization...
Forex News 20 hours ago
OPEC considering extending oil cuts until end of year – TASS
OPEC considering extending oil cuts until end of year – TASS
The Organization of the Petroleum Exporting Countries (OPEC) and its allies are considering extending oil production cuts until the end...
Forex News 3 days ago
OPEC's Barkindo: Too early to talk about extending OPEC+ global oil output deal
OPEC's Barkindo: Too early to talk about extending OPEC+ global oil output deal
It's too early to talk about an extension to the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as...
Forex News 4 days ago
Saudi energy minister: All options open in OPEC + meeting, including further cuts
Saudi energy minister: All options open in OPEC + meeting, including further cuts
In an interview with Arabiya TV on Thursday, Saudi Arabia's energy minister said all options, including further rate cuts, will be...
Forex News 4 days ago
Brazil’s OilMin Albuquerque: Brazil to discuss association with OPEC later this year
Brazil’s OilMin Albuquerque: Brazil to discuss association with OPEC later this year
In a speech at an industry event in Delhi on Thursday, Brazil’s Energy Minister Bento Albuquerque said that Brazil will discuss p...
Commodity News 4 days ago
World is less dependent on OPEC's oil supply - ANZ
World is less dependent on OPEC's oil supply - ANZ
The global market is less dependent on OPEC’s oil production than it was a decade ago, courtesy of increasing US shale production...
Forex News 6 days ago
OPEC raises 2020 oil demand growth outlook by 0.14 million bpd to 1.22 million bpd
OPEC raises 2020 oil demand growth outlook by 0.14 million bpd to 1.22 million bpd
The Organization of the Petroleum Exporting Countries (OPEC) has raised its forecast for global oil demand growth in 2020 by 0.14 milli...
Forex News 2 weeks ago (01-15)
Russia's Novak: Russia ready to fulfil OPEC+ deal in January
Russia's Novak: Russia ready to fulfil OPEC+ deal in January
Russia is ready to comply with the OPEC+, the Organization of the Petroleum Exporting Countries and its allies, output cut agreement in...
Forex News 2 weeks ago (01-15)
Source: OPEC+ reportedly begin discussions to postpone output cuts decision to June - TASS
Source: OPEC+ reportedly begin discussions to postpone output cuts decision to June - TASS
Following Tuesday’s reports that the OPEC and its allies (OPEC+) may postpone its next policy meeting from March to June, the Rus...
Forex News 2 weeks ago (01-15)
OPEC+ may extend output cuts until June if March meeting is postponed – TASS
OPEC+ may extend output cuts until June if March meeting is postponed – TASS
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, could postpone the next policy meeting from March...
Forex News 2 weeks ago (01-15)
Saudi energy minister: Iraq compliance with OPEC cuts improved in December
Saudi energy minister: Iraq compliance with OPEC cuts improved in December
Iraq's compliance with OPEC cuts improved in December and the country is expected to have full compliance in January, Saudi Arabia&...
Forex News 2 weeks ago (01-13)
OPEC’s Barkindo: Iraq, Nigeria are showing better oil output cuts compliance, WTI regains $59
OPEC’s Barkindo: Iraq, Nigeria are showing better oil output cuts compliance, WTI regains $59
The oil market is seen unbalanced in Q1 and Q2 of this year, OPEC’s Secretary-General Mohammed Barkindo said on Wednesday. He ad...
Commodity News 2 weeks ago (01-13)
Saudi OilMin: OPEC+ will only take decision on oil output cuts in March
Saudi OilMin: OPEC+ will only take decision on oil output cuts in March
Speaking during a panel session at the International Petroleum Technology Conference (IPTC) in Dhahran on Monday, Saudi Arabia’s...
Commodity News 2 weeks ago (01-13)
WTI holds steady below $60bbls, focus on OPEC+ cuts
WTI holds steady below $60bbls, focus on OPEC+ cuts
WTI prices stabilising below $60 as markets take profits.  A de-escalation of the Persian Gulf crisis puts focus back to g...
Commodity News 3 weeks ago (01-09)
OPEC’s Barkindo: Iraqi oil facilities secure, production continuing
OPEC’s Barkindo: Iraqi oil facilities secure, production continuing
The Iraqi oil facilities are secured following the Iranian missile attacks on the US airbases in Iraq, OPEC’s Secretary General M...
Forex News 3 weeks ago (01-08)
Russia’s Novak: OPEC+ may consider easing oil output caps in March
Russia’s Novak: OPEC+ may consider easing oil output caps in March
In an interview aired on RBC TV this Monday, Russian Energy Minister Alexander Novak said the OPEC and its allies (OPEC+) may consider...
Forex News 1 months ago (12-23)
Oil: 2020 price forecast upgraded on OPEC+ cuts, improved economic outlook – JP Morgan
Oil: 2020 price forecast upgraded on OPEC+ cuts, improved economic outlook – JP Morgan
In the wake of the OPEC and its allies (OPEC+) deeper output cuts and improved Emerging Markets (EM) economic outlook, the US investmen...
Commodity News 1 months ago (12-17)
Oil holds below three-month highs as investors doubt effectiveness of OPEC cuts
Oil holds below three-month highs as investors doubt effectiveness of OPEC cuts
Oil remains below three-month highs hit on Friday. Some analysts doubt OPEC cuts can boost prices.  Traders turned bullish fol...
Commodity News 1 months ago (12-17)
OPEC leaves forecast for 2020 global oil demand growth unchanged at 1.08 million bpd
OPEC leaves forecast for 2020 global oil demand growth unchanged at 1.08 million bpd
In its monthly report, the Organization of the Petroleum Exporting Countries (OPEC) announced that it left the forecast for 2020 g...
Forex News 2 months ago (12-11)
WTI better bid into Wall Street closing hour, buoyed by OPEC+
WTI better bid into Wall Street closing hour, buoyed by OPEC+
WTI prices edging higher within the ascending channel. Bulls cheering the OPEC+ production cuts while price trades above 50% mean r...
Commodity News 2 months ago (12-11)
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