OPEC News
- OPEC, Russia moving closer to a compromise on oil output cuts extension – Reuters
- The OPEC and Russia are moving closer to a compromise on the duration of record oil output cuts extensions, Reuters cites two OPEC+ sources on Monday. The sour...
- Forex News 21 hours ago
- WTI consolidates around $35.50 amid OPEC+ output cuts extension hopes
- WTI off 3-month highs, but buoyed by output cuts extension talks. Renewed US-China trade war fear saps energy out of the bulls. All eyes on the risk tr...
- Commodity News 21 hours ago
- Russia close to hitting OPEC+ oil output target in May – Reuters
- Sources familiar with the data told Reuters on Monday, Russia’s oil and gas condensate production fell to 9.39 million barrels per day (bpd) in May, almost reac...
- Forex News 21 hours ago
- Kremlin: OPEC+ talks are ongoing, no need to get ahead of ourselves
- Putin has no plans yet to meet with Russian oil companies Putin is in constant contact with energy minister Novak more to come ......
- Forex News 21 hours ago
- WTI retreats from 12-week high as OPEC+ news confront Sino-American tension
- WTI steps back from 13-week top of $36.04 flashed early in Asia. OPEC+ to pre-pone meeting, calls for 1-2 month extension to current output cuts are on the...
- Commodity News 1 days ago
- OPEC+ could be extending current oil output cuts for 1-2 months
- Energy Intelligence reports of a source that has said Opec+ will discuss extending the current 9.7 million bpd cuts for 1-2 months. ...
- Forex News 1 days ago
- WTI oil prices rally on gasoline demand and hopes of output cuts’ extension
- WTI crude oil rises 5% to reach $34, right below two-month highs. Oil prices appreciate buoyed by signals of higher gasoline demand. Speculation...
- Commodity News 5 days ago
- Saudi Arabia and some other OPEC producers want to extend output cuts until December – Reuters
- Saudi Arabia and some other OPEC producers want to extend the current oil output cuts of 9.7 million barrels per day until December, Reuters reported on Thursda...
- Forex News 5 days ago
- Kremlin: OPEC+ deal helping to avoid negative scenario on oil markets
- The OPEC+ output cut deal is definitely effective and it's helping to avoid a negative scenario on oil markets, a Kremlin spokesperson said on Tuesday, as repor...
- Forex News 7 days ago
- WTI consolidates below $34.50 amid Russia’s output cuts extension news
- WTI consolidates the upside amid positive catalysts. US-China worries offset by vaccine hopes, supply cuts. Focus shifts to weekly US supply reports am...
- Commodity News 7 days ago
- Oil: OPEC pointed a dull outlook – ANZ
- Crude oil prices fell as OPEC painted a somber picture of the market amid the darkening economic backdrop, strategists at ANZ bank apprise. Key quotes “The gr...
- Commodity News 3 weeks ago (05-14)
- Iraq agrees with oil majors to cut output, but short of OPEC+ target – Reuters
- Amid a slew of voluntary output cuts, Reuters came out with the news that Iraq chose to follow the OPEC+ production cuts, albeit with the lesser force. Key quo...
- Forex News 3 weeks ago (05-14)
- WTI: Under pressure, OPEC cuts 2020 demand forecasts, US dollar on a tear
- OPEC reduced its forecast for 2020 crude demand by 2.23 million barrels a day. US dollar spikes on Fed's Powell reminding markets negative rates are not on...
- Commodity News 3 weeks ago (05-14)
- OPEC: World oil demand in 2020 to drop by 9.07 million bpd
- The world oil demand in 2020 is expected to fall by 9.07 million barrels per day (bpd) amid the recession caused by the coronavirus crisis, the OPEC noted in it...
- Forex News 3 weeks ago (05-13)
- OPEC+ wants to keep oil output cuts of 9.7 milllion bpd beyond June – Reuters
- OPEC and its allies, the group known as OPEC+, wants to maintain the existing oil output cuts of 9.7 million barrels per day (bpd) beyond June, Reuters reported...
- Forex News 3 weeks ago (05-13)
- WTI Price Forecast: Oil rises 1.5% as Saudi Arabia pledges deeper output cut
- WTI oil rises in Asia as major producers signal deeper cuts in June. Saudi Arabia is willing to cut its output by further 1 million barrels per...
- Commodity News 3 weeks ago (05-12)
- UAE EnergyMin: Will take additional voluntary oil output cut of 100,000 bpd in June
- The United Arab Emirates will lower its oil output by an additional 100,000 barrels per day (bpd) on top of agreed OPEC+ cuts in June, the country's energy...
- Forex News 3 weeks ago (05-11)
- Kremlin: OPEC+ deal has already helped stabilize oil prices
- The crude oil output cut deal reached by OPEC and non-OPEC producers (OPEC+) has already helped stabilize oil prices, Kremlin said in a statement on Thursd...
- Forex News 4 weeks ago (05-08)
- WTI on the rise amid output cuts
- West Texas Intermediate crude bulls back in control. The market should soon return to deficit conditions – TDS West Texas Intermediate crude...
- Commodity News 4 weeks ago (05-06)
- WTI rallies as output cuts are cheered, June eyes break of $21
- Oil was climbing on Monday on output cuts, WTI breaking and closing above $20bbls. Geopolitical tensions being churned between China and the US. ...
- Commodity News 4 weeks ago (05-05)
