Opec Output

Opec+ likely to proceed with planned May oil output hike amid steady prices

Opec+ is a group that includes Opec and allied producers led by Russia, and pumps over 40 per cent of the world's oil. The group is scheduled to raise output by 135,000 barrels per day in May

Escalating trade war threatens oil demand as Opec+ boosts supply, says IEA

Oil is trading near $71 a barrel in London after sinking to the lowest since 2021 last week, following Opec+'s decision to gradually restart halted production from April

Oil prices steady as tariff concerns, OPEC+ output weigh on market

Last week marked WTI's seventh consecutive weekly loss, the longest losing streak since November 2023, while Brent fell for a third consecutive week

Crude drops for 3rd day on Opec+ plans to increase output, Trump tariffs

Brent futures fell 45 cents, or 0.63 per cent, to $70.59 a barrel at 0953 GMT. US West Texas Intermediate (WTI) crude declined 74 cents, or 1.08 per cent, to $67.52 a barrel

Opec forecasts oil demand growth in 2026, lowers estimates for 2024

Opec, in a monthly report, said demand will rise by 1.43 million barrels per day in 2026, a similar rate to the growth of 1.45 million bpd expected this year

Opec oil output falls in December on drop in UAE, Iran production: Report

The Organization of the Petroleum Exporting Countries pumped 26.46 million barrels per day last month, down 50,000 bpd from November

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