Opec Output

Opec+ fears US oil rise as Trump aims to deregulate energy sector

Opec+ pumps about half of the world's oil and earlier this month delayed a plan to raise output until April

Sharekhan bearish on crude oil due to oversupply; expects prices to dip

Crude prices moved higher Monday on the prospects for additional stimulus measures in China that could revive economic growth and energy demand

Opec+ nations delay planned increase in output. Here's how it works

The oil producer group on Thursday pushed back the start of oil output rises by three months until April 2025

Opec+ agrees to delay oil hike plans until April, extends cuts into 2026

Opec+, which pumps about half the world's oil, had been planning to start unwinding cuts from Oct 2024 but a slowdown in global demand and rising output outside the group forced it to postpone plans

Oil prices slightly up ahead of decision on supply cut in Opec+ meet

Brent crude futures rose 39 cents, or 0.5 per cent, to $72.70 a barrel by 0944 GMT, while US crude futures were at $68.97 a barrel, up 43 cents, or 0.6 per cent

OPEC+ to discuss extending oil cuts into 2024 in formal talks on Thursday

An output hike of 180,000 bpd - a fraction of the total - was planned for January from the eight members involved in OPEC+'s most recent cuts of 2.2 million bpd. The hike has been delayed from October

Oil prices climb nearly 1% as traders await outcome of Opec+ meet

Opec+ is likely to extend its latest round of output cuts until the end of the first quarter at its Dec 5 meeting

Sharekhan suggests strategy to trade crude oil ahead of Opec meet on Dec 5

The meeting was originally scheduled for December 1, 2024. A handful of Opec members are set to gradually bring 2.2m b/d of supply back onto the market next year

Oil prices rise as investors weigh Opec+ discussions, Trump tariffs

Key Opec+ nations have begun discussions to delay an oil production restart planned for January, potentially for several months

Russian oil output broadly stable in Oct at 9.01 mn barrels per day: Opec

This was slightly above the quota agreed by the Opec+ group of leading oil producers, which includes Opec and allies such as Russia

Opec cuts forecast for 2024 oil demand growth, lowers projection for 2025

The Organization of the Petroleum Exporting Countries in a monthly report said world oil demand will rise by 1.82 million barrels per day in 2024, down from 1.93 million bpd it expected last month

Oil buyers, producers dialogue needed for market stability: Hardeep Puri

He said technological changes such as green hydrogen and the transition to cleaner energy will change the global oil demand landscape in five years

Oil prices rise on reports of Opec+ delaying plans to boost output

Brent crude futures gained $1.41, or 2 per cent, to $72.53 a barrel by 1236 GMT. US West Texas Intermediate crude futures edged up $1.34, or 2 per cent, to $68.55 per barrel

Opec+ ministers stick to output policy, doubles down on compliance

OPEC+ is cutting output by a total of 5.86 million barrels per day (bpd), or about 5.7% of global demand, in a series of steps agreed since late 2022

Opec+ unlikely to recommend changes in output policy at Oct 2 panel meeting

Oil prices have fallen in 2024 with Brent crude last month slipping below $70 a barrel for the first time since 2021, pressured by concern about global demand and rising supply outside Opec+

Want Opec+ to raise oil output to meet demand, says oil secretary

The Organization of the Petroleum Exporting Countries (Opec) and allies, together called Opec+, last week agreed to delay a planned oil output increase for October

Opec+ may agree to delay October oil output hike for two months: Report

The news lifted oil prices by over $1 a barrel, with Brent futures trading over $74 before paring gains. It fell to its lowest this year on Wednesday

Crude oil strategy for June 11: Trend remains weak, WTI eyes support at $76

Oil prices are moving higher after posting three straight weekly declines following Opec+ decision on June 2

Opec oil output increases in May, led by Nigeria, Iraq, survey shows

Several members of Opec+, which includes Opec, Russia and other allies, made new cuts in January to counter economic weakness and increased supply outside the group

Further output cut by Opec+ may not affect India's oil supply: Officials

Officials said that temporary fluctuations in oil price as a result of soaring logistics costs and piracy risks may affect Indian oil supplies more