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Oil alliance OPEC+ zeroes in on group compliance after postponing output hike
Two OPEC+ delegates, who could only comment anonymously because of the sensitivity of the talks, told CNBC that the coalition has sharpened its focus on the conformity of its members. Undercompliance has been a repeat bane of the OPEC+ alliance,
Oil Price Expected to Weaken If OPEC+ Hikes Supply
Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting from December is adding to market nervousness.
OPEC+ set to go ahead with Dec oil output hike, sources say
OPEC+ is set to go ahead with a December oil output increase as its impact will be small should a plan for some members to make larger cuts to compensate for overproduction be delivered in September and later months,
OPEC+ Confirms it Has No Specific Price Target For Crude Oil
Despite recent rumors, sources within OPEC+ have confirmed there's no specific price target for crude oil, including the oft-discussed $100 per barrel
OPEC+ set to go ahead with December oil output hike, sources say
The output increase in December is not about regaining market share, it is about a small number of countries phasing out their voluntary output cuts, one of the OPEC+ sources said
Oil prices slide 3% on prospect of more OPEC+ oil
Oil prices fell more than 3% on Thursday on a Financial Times report that Saudi Arabia, the world's top crude exporter, will give up its $100 price target in preparation for raising output, along with OPEC members and allies in December.
Rigzone
17h
What is Likely to Happen at Next OPEC+ Meeting in December?
A statement posted on OPEC’s website on June 2 revealed that the 38th OPEC and non-OPEC Ministerial Meeting will be held on ...
Opinion
3d
Opinion
The Cheating Game Inside the OPEC+ Oil Cartel
OPEC+ officials love to make Hollywood film references. Need to bash renewable energy? Gone With the Wind. Attack whoever ...
1d
Putin lauds cooperation with OPEC+, BRICS
Russian President Vladimir Putin said on Thursday that the vast domestic energy sector will be able to achieve its goals and ...
9h
Oil Posts Weekly Loss on Supply-Demand Concerns
Oil futures pick up some ground after the previous day’s selloff, while ending the week lower on concerns about flagging global demand and prospects of increased supply after a report that Saudi ...
اخبار 24
2d
OPEC+ to go ahead with plans to boost oil output
OPEC+
, which groups OPEC members and its allies, will go ahead with a planned oil production increase in December but first ...
Opinion
11d
Opinion
OPEC+ Faces a New Problem: A Texas Gas Pipeline
Money, Power and the Traders Who Barter the Earth’s Resources.” Eager to avoid paying record amounts to sell their gas, shale ...
1d
Oil Prices Retreat Toward Three-Year Lows...Again
Oil prices turned sharply lower Thursday, on waning hope that supply cuts from the OPEC+ cartel and Chinese economic stimulus ...
1d
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Drops As Bulls Worry That OPEC+ Will Raise Production
Natural gas pulls back as traders react to the EIA report, which indicated that working gas in storage increased by 47 Bcf ...
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