OPEC News

No OPEC+ proposal so far to extend record cuts of 9.7 million bpd – Reuters
No OPEC+ proposal so far to extend record cuts of 9.7 million bpd – Reuters
OPEC and its allies’ (OPEC+) will focus on easing output cuts to 7.7 million barrels per day (bpd) at Wednesday's Joint Ministerial Monitoring Committee (J...
Forex News 3 weeks ago (07-15)
Saudi Arabia leads the OPEC+ push to ease output cut by 2 million barrels a day
Saudi Arabia leads the OPEC+ push to ease output cut by 2 million barrels a day
Weekend headlines suggest that the global oil producers are considering stepping back from their output cut accords, currently around 9.7 million barrels a day....
Forex News 3 weeks ago (07-13)
Russia not planning to hold talks with Saudi Arabia ahead of OPEC+ monitoring meeting
Russia not planning to hold talks with Saudi Arabia ahead of OPEC+ monitoring meeting
Russia currently has no plans to hold talks with Saudi Arabia ahead of next week's joint OPEC+ ministerial monitoring committee meeting, Reuters reported on Thu...
Forex News 4 weeks ago (07-09)
OPEC oil supply drops to lowest level in 30 years
OPEC oil supply drops to lowest level in 30 years
The Organization of Petroleum Exporting Countries (OPEC) member countries recorded their lowest output in nearly 30 years in June in a bid to counter the corona...
Forex News 1 months ago (07-03)
OPEC and Russia likely to ease output cuts in August – Reuters
OPEC and Russia likely to ease output cuts in August – Reuters
Organization of the Petroleum Exporting Countries(OPEC) and Russia are not yet discussing a possible extension to the record oil output cuts into August, Reuter...
Forex News 1 months ago (07-01)
OPEC+ JTC makes no recommendations for further extension of current oil cuts – Reuters
OPEC+ JTC makes no recommendations for further extension of current oil cuts – Reuters
OPEC and non-OPEC producers' Joint Technical Committee (JTC) didn't make any recommendations for a further extension of the current oil output cuts, Reuters rep...
Forex News 2 months ago (06-18)
OPEC: Forecast for 9.07 million bpd decline in world oil demand in 2020 unchanged
OPEC: Forecast for 9.07 million bpd decline in world oil demand in 2020 unchanged
The Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report that it left its forecast that world oil demand in 2020 will drop b...
Forex News 2 months ago (06-17)
WTI: Bulls defend $37 amid OPEC+ cuts optimism, API eyed
WTI: Bulls defend $37 amid OPEC+ cuts optimism, API eyed
WTI bulls take a breather after the 2% rise on Monday. Risk-on mood, optimism over OPEC+ output cuts deal underpin. Focus remains on the risk trends an...
Commodity News 2 months ago (06-16)
Oil set for a dip in the near-term, OPEC+ move already price-in – Goldman Sachs
Oil set for a dip in the near-term, OPEC+ move already price-in – Goldman Sachs
  In the view of the Goldman Sachs Analysts, the OPEC's latest oil output cut news is already more than priced in and therefore, they see a pullback...
Commodity News 2 months ago (06-09)
WTI trades flat for the session despite more OPEC+ news on compliance
WTI trades flat for the session despite more OPEC+ news on compliance
WTI moved to flat after finding resistance at USD 40.00 per barrel. The move lower comes despite OPEC+ members promising compliance. Spot WTI daily char...
Commodity News 2 months ago (06-09)
Oil: OPEC+ cuts and demand normalization to stabilize the market – TDS
Oil: OPEC+ cuts and demand normalization to stabilize the market – TDS
The deal agreed by the OPEC+ to extend production cuts will speed market stabilization as the demand is recovering, strategists at TD Securities apprise. ...
Commodity News 2 months ago (06-08)
OPEC producers: No plan to continue with voluntary oil cuts – Reuters
OPEC producers: No plan to continue with voluntary oil cuts – Reuters
According to the latest headlines floating on the wires, via Reuters, OPEC producers have no plan to continue with their 1.180 million bpd voluntary oil product...
Forex News 2 months ago (06-08)
WTI gains over 2.5% in Asia, above $40.00, with eyes on OPEC+ presser
WTI gains over 2.5% in Asia, above $40.00, with eyes on OPEC+ presser
WTI prints three-day winning streak to probe early-March tops. Risk-on sentiment joins OPEC+ output cut to please the commodity buyers. Officials from Sa...
Commodity News 2 months ago (06-08)
WTI cheers OPEC+ announcement to refresh three-month high above $40.00
WTI cheers OPEC+ announcement to refresh three-month high above $40.00
WTI takes the bids to the highest since March 06 after gap-up opening to $39.65 at the week’s start. Bulls cheer OPEC+ supply cut extension, Saudi Arabia’s...
Commodity News 2 months ago (06-08)
Saudis make biggest oil price hike in 20 years after OPEC+ cuts – Bloomberg
Saudis make biggest oil price hike in 20 years after OPEC+ cuts – Bloomberg
Bloomberg News reported that Saudi Arabia has made some of the" biggest price increases for crude exports in at least two decades, doubling down on its strategy...
Forex News 2 months ago (06-08)
OPEC+ agrees to extend oil output cuts by one month, until end-July
OPEC+ agrees to extend oil output cuts by one month, until end-July
According to the OPEC delegates, the OPEC and its allies (OPEC+) agreed to extend the oil output cuts of the current 9.7 million barrels per day (bpd) by one mo...
Forex News 2 months ago (06-07)
WTI rallies above $39 as focus shifts to OPEC+ meeting
WTI rallies above $39 as focus shifts to OPEC+ meeting
WTI gains more than 5% on Friday as investors are pricing Saturday's OPEC+ meeting. Saudi Arabia's energy minister says the outcome will be "hopefully succ...
Commodity News 2 months ago (06-06)
OPEC+ meeting on June 6
OPEC+ meeting on June 6
Investors await the OPEC+ decision on output cuts. It will define where the oil price will go.Brief backgroundThe oil market was completely destroyed this year....
Institution Opinions 2 months ago (06-05)
Oil: OPEC to extend duration of deeper output cuts – Capital Economics
Oil: OPEC to extend duration of deeper output cuts – Capital Economics
Samuel Burman from Capital Economics expects the OPEC+ to agree an extension of the current 9.7 million bpd production cut for at least another month in its nex...
Commodity News 2 months ago (06-05)
Saudi EnergyMin: Conditions now warrant “hopefully successful” OPEC+ meeting on Saturday
Saudi EnergyMin: Conditions now warrant “hopefully successful” OPEC+ meeting on Saturday
"The conditions right now warrant hopefully successful meetings," Saudi Arabia's energy minister Prince Abdulaziz bin Salman told Reuters on Friday. "Coordinati...
Forex News 2 months ago (06-05)
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