OPEC News

Oil price bounce due to OPEC+ deal would be short-lived - Goldman Sachs
Oil price bounce due to OPEC+ deal would be short-lived - Goldman Sachs
The demand destruction brought on by the coronavirus outbreak across the globe is simply too large and is unlikely to be fully compensated by any OPEC+ output c...
Commodity News 9 hours ago
Kuwait Oil Minister: After talking with countries that will attend OPEC+ meeting
Kuwait Oil Minister: After talking with countries that will attend OPEC+ meeting
Kuwait oil minister says that after talking with countries that will attend OPEC+ meeting, intention is moving towards reaching an agreement to reduce productio...
Commodity News 13 hours ago
WTI spikes above $26 on latest OPEC chatter, returns to mid-$25 area
WTI spikes above $26 on latest OPEC chatter, returns to mid-$25 area
Algeria's oil minister said OPEC+ meeting will be "fruitful". Russia is reportedly ready to lower its production by 1.6 million bpd. EIA reports crude oi...
Commodity News 15 hours ago
Oil slips after delay to OPEC+ emergency meeting
Oil slips after delay to OPEC+ emergency meeting
Oil prices slipped as the emergency OPEC+ meeting, which was initially slated for Monday, has been pushed back to Thursday. Brent Oil started off the week with...
Expert Analysis 22 hours ago
Kremlin spokesperson Peskov: Market-driven oil production declines are not the same as actual output cuts
Kremlin spokesperson Peskov: Market-driven oil production declines are not the same as actual output cuts
Kremlin spokesperson Peskov: Market-driven oil production declines are not the same as actual output cuts.   more to come ......
Forex News 1 days ago
OPEC no longer “price-setter” in shale age - Goldman Sachs
OPEC no longer “price-setter” in shale age - Goldman Sachs
The Organization of the Petroleum Exporting Countries (OPEC), a group consisting of 14 of the world's major oil-exporting nations, is no longer the "price-sette...
Commodity News 1 days ago
Iran’s OilMin: Do not agree with holding any OPEC+ meeting without having clear, consensual outcome to oil market
Iran’s OilMin: Do not agree with holding any OPEC+ meeting without having clear, consensual outcome to oil market
Iran does not agree with holding any OPEC+ meeting without having a "clear and consensual outcome" to the oil market, Reuters reported, citing a letter seen fro...
Commodity News 1 days ago
OPEC+ to cut output by 4.3 million bpd - JP Morgan
OPEC+ to cut output by 4.3 million bpd - JP Morgan
OPEC+, a loose organization of 24 oil-producing nations led by Saudi Arabia and Russia, is likely to agree to cut output by 4.3 million barrels per day (bpd) on...
Forex News 1 days ago
WTI fragility amid OPEC+ delays
WTI fragility amid OPEC+ delays
WTI is on the back foot following a delay to the highly anticipated OPEC+ meeting.  Markets are otherwise enjoying some recovery amid signs...
Commodity News 2 days ago
WTI rebounds above mid-$27s as investors stay focused on OPEC headlines
WTI rebounds above mid-$27s as investors stay focused on OPEC headlines
Crude oil fell sharply after OPEC+ emergency meeting got postponed. Saudi Arabia and Russia are reportedly close to reaching an output cut deal. Crude o...
Commodity News 3 days ago
Forex Today: Yen falls as equities cheer slowing coronavirus deaths, Oil wilts on OPEC+ meeting delay
Forex Today: Yen falls as equities cheer slowing coronavirus deaths, Oil wilts on OPEC+ meeting delay
The risk sentiment was broadly bid in the holiday-thinned quiet Asian session, as the Chinese markets are closed on account of a public holiday. A slowdown in t...
COVID-19 News 3 days ago
Oil restores gains as OPEC+ set for emergency meeting
Oil restores gains as OPEC+ set for emergency meeting
Brent futures erased earlier losses on Friday amid reports that OPEC+ is set to hold an emergency virtual meeting on Monday to stabilise global markets. Most As...
Expert Analysis 3 days ago
WTI downed 10% at Asia open as OPEC+ meeting pushed backed
WTI downed 10% at Asia open as OPEC+ meeting pushed backed
WTI kicks-off the week sharply lower on OPEC+ meeting woes. Oil reverses 30% gains seen last week on hopes of OPEC+ output cuts.   All eyes on the U...
Commodity News 3 days ago
Iraqi Oil Minister: Optimistic about reaching a new OPEC+ supply cut deal
Iraqi Oil Minister: Optimistic about reaching a new OPEC+ supply cut deal
Iraq's Oil Minister Thamir al-Ghadhban said he was optimistic about reaching a new supply cut deal after having phone conversations with some of his OPEC+...
Commodity News 4 days ago
Saudi Arabia delays issuance of May crude prices until after OPEC+ meeting – Reuters
Saudi Arabia delays issuance of May crude prices until after OPEC+ meeting – Reuters
Saudi Arabia is expected to host the virtual OPEC+ emergency meeting on Thursday and will be delaying the release of its oil selling price until after the meeti...
Forex News 4 days ago
OPEC+ emergency virtual meeting likely to be postponed to April 8 or 9 – Reuters
OPEC+ emergency virtual meeting likely to be postponed to April 8 or 9 – Reuters
The virtual emergency meeting between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers that was scheduled to take p...
Forex News 5 days ago
WTI stages a solid comeback on hopes of OPEC+ output cut, up 5%
WTI stages a solid comeback on hopes of OPEC+ output cut, up 5%
WTI rebounds on hopes OPEC+ output cut next Monday. Oil bulls ignore broad USD strength amid coronavirus-led risk-off. All eyes on OPEC headlines and U...
Commodity News 6 days ago
OPEC+ planning a meeting as early as next week - TASS
OPEC+ planning a meeting as early as next week - TASS
Russia’s TASS news agency quotes some Saudi Arabian sources with knowledge of the matter, saying that the OPEC and its allies (OPEC+) is said to be preparing fo...
Forex News 6 days ago
Saudi Arabia calls for OPEC+ emergency meeting
Saudi Arabia calls for OPEC+ emergency meeting
Saudi Arabia called for an emergency meeting of OPEC and non-OPEC oil producers, state news agency SPA announced on Thursday. "Saudi Arabia's call aims to...
Forex News 7 days ago
No date yet for OPEC+ emergency meeting – Reuters
No date yet for OPEC+ emergency meeting – Reuters
No meeting has yet been set up between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, Reuters reported on Thursday, c...
Forex News 7 days ago
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