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NEWS |
Oil prices could ‘very easily’ top $100 a barrel, says former U.S. energy secretary
Oil prices could “very easily” hit $100 a barrel in the aftermath of the failed OPEC+ talks, former U.S. Energy Secretary Dan Brouillette told CNBC on Tuesday.
NEWS |
Oil on a bullish momentum as OPEC+ policy rift drags on - Rystad Energy comments
Oil prices are rising today as a result of a disagreement between OPEC+ members on how much supply the alliance should bring back to the market from August, which drags on since last week.
NEWS |
Oil up, near $70 a barrel as demand outlook improves
Oil prices firmed on Monday, with Brent trading near $70 a barrel on growing optimism that fuel demand will grow in the next quarter, while investors looked ahead to see how producers will respond at (...)
NEWS |
Oil up on hopes OPEC+ may address the Indian demand destruction -Rystad Energy comments
Oil prices are ticking up today on trader hopes that OPEC+ may address India’s demand destruction with supply policy amendments in its coming meeting.
NEWS |
Goldman Sachs Sees Large Oil Demand Rebound This Summer
Goldman Sachs is still bullish on oil and anticipates strong demand that would require OPEC+ putting another 2 million barrels per day (bpd) on the market in the third quarter, after the around 2 mill (...)
NEWS |
OGV Energy's Middle East Energy Review
The surprise decision of the OPEC+ alliance in early March and a flurry of oil and gas contracts and strategic agreements signed by some of the biggest companies in the Middle East were the key develo (...)
NEWS |
Oil rises on OPEC+ meeting expectations -Rystad Energy comments
Oil prices rose on Thursday as the market expects the OPEC+ alliance to maintain current production levels and not bring back any of its curtailed output due to the lagging oil demand recovery.
NEWS |
OGV Energy's Middle East Energy Review
Middle Eastern oil producers, with their continued production cuts as part of the OPEC+ deal, played a role in oil prices hitting in February 2021 the $60 per barrel mark for the first time in more th (...)
NEWS |
Rystad Energy's morning comment breaks down what to expect from the coming OPEC+ meeting
Oil prices stated the day with optimism after several days of trimming February gains, as markets hope for positive news from this month’s coming OPEC+ meeting.
NEWS |
OGV Energy's Middle East Energy Review
The highly-anticipated OPEC+ monthly ministerial meeting, numerous contracts, new oil and gas discoveries, and a pledge for emissions reduction from a major petroleum company were the biggest themes i (...)
NEWS |
Oil rises on OPEC+ meeting and Gulf tensions -Rystad Energy comments
Oil prices rose on Tuesday after Monday’s OPEC+ conservatism and helped by rising tensions in the Gulf.
NEWS |
OPEC+ meeting part 2 -Rystad Energy's take
The OPEC+ meeting restarted today and the market is in for surprises...
NEWS |
Middle East Energy Review December 2020
Middle Eastern oil and gas producers started 2020 with optimism that the OPEC+ oil production cuts were rebalancing and stabilising the market.
NEWS |
OPEC+ Making Headway
OPEC+ is making headway in its negotiations on oil-output cuts, raising the odds that Thursday’s meeting can salvage a deal after failed talks earlier in the week.
NEWS |
Oil prices slip prior to OPEC+ Group’s meet on 2021 output policy
Crude oil prices have slipped by 2% as investors await a decision by oil-producing group OPEC+ whether it would extend large output cuts to balance oil prices in the global markets.
NEWS |
ADNOC commits $122 billion to boost oil and gas output
The United Arab Emirates’ biggest oil producer is boosting investment to make good on pledges to increase output capacity, even as it struggles against OPEC+ restrictions on supply.
NEWS |
OPEC+ meeting initial comment -Rystad Energy
It’s that time of the month again and all eyes are on the OPEC+ meetings.....
NEWS |
OGV Energy's Middle East Energy Review – September 2020
Just as OPEC and its Russia-led partners in the OPEC+ group began to ease the record crude oil production cuts in August, the cartel downgraded its global oil demand outlook for 2020, citing longer-la (...)
NEWS |
Oil keeps gains, but prices stay in the waiting room ahead of OPEC's meeting - Rystad Energy comments
Oil prices recorded gains in yesterday’s late session, which they are largely keeping intact this morning, as traders await for news from August’s most interesting event, tomorrow’s OPEC+ meeting.
NEWS |
OGV Energy’s Middle East Energy Review
Major oil producers in the Middle East, grouped in the OPEC+ coalition, decided in the middle of July to ease their record production cuts of 9.7 million barrels per day (bpd) starting on 1 August.
NEWS |
Oil dips near $40 with OPEC+ starting to unwind output cuts
Oil edged lower near $40 a barrel in New York as OPEC and allied producers started supplying more crude to a global market where many countries are still struggling to contain the coronavirus.
NEWS |
Oil gains on surprise crude draws in the US but OPEC+ is the main show of the day - Rystad Energy comments
Oil storage is a complex thing and yet again API data show that we are in for a surprising move of crude stocks, due to be announced later today from the EIA.
NEWS |
Oil drops on signs OPEC+ preparing to taper production cutbacks
Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world.
NEWS |
OGV Energy’s Middle East Energy Review – July 2020
The Middle East and its key oil and gas producers were the spotlight of media attention once again this month, after the OPEC+ group of oil producers from OPEC and about a dozen non-OPEC nations decid (...)
NEWS |
Iraq’s OPEC+ compliance doomed to fall short of target as costs too high to bear
Iraq produced more than 650,000 barrels per day (bpd) above its target output level in May and is now being asked to make up for its non-compliance in future months.
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