Page 5 - Opec Output

Sensex slumps 765pts, Nifty ends below 17,200; Reliance, FMCG, banks weigh

The broader indices, however, outperformed the key benchmark indices. The BSE Midcap index ended flat, while Smallcap index was up 0.3 per cent

Oil rises on views OPEC+ may pause supply addition amid Omicron fears

U.S. West Texas Intermediate (WTI) crude futures gained 48 cents, or 0.7%, to $66.05 a barrel by 0140 GMT, after a 0.9% drop on Wednesday.

OPEC+ begins two days of talks amid oil rout, fears for Omicron variant

Oil prices fell to near $70 a barrel on Tuesday from as high as $86 in October.

Biden White House wades into oil market management with stockpile release

Release marks the first coordinated release with consuming nations outside the auspices of the West's energy watchdog, the International Energy Agency.

China so far non-committal to Washington's oil release, OPEC+ unmoved

US plans to release millions of barrels of oil from strategic reserves in coordination with other large consuming nations, including China, Japan and India.

How Joe Biden's overture to Asian oil consumers serves warning to OPEC+

For weeks, the White House and administration officials had urged the OPEC and its allies including Russia to accelerate production increases to satisfy demand

Oil rises after OPEC+ rebuffs US call to boost output; Brent crude past $80

OPEC+ group of major producers agreed to stick to their plan to raise oil output by 400,000 barrels per day from December ignoring calls from US President Joe Biden for extra output to cool prices

OPEC+ likely to stick to plans to raise oil output: Report

Oil prices have surged this year to a three-year high above $86 a barrel as OPEC+ ramps up supplies gradually and demand recovers

As oil races toward $100, India, US and Japan tell OPEC+ enough is enough

Behind closed doors, an intense campaign is being waged to persuade OPEC+ to speed up its output increases, according to multiple diplomats and industry insiders

Oil at highest since 2014 as OPEC panel advises sticking to plan

The market has tightened significantly following the economic recovery from the pandemic and supply disruption in the Gulf of Mexico due to Hurricane Ida

With oil market tight and price surge, OPEC+ decides how much more to pump

OPEC and allied countries are deciding whether to stay with their plans to gradually restoring production that was cut back during the pandemic recession or to pump more oil

OPEC+ seen keeping oil output policy unchanged, OPEC+ sources say

OPEC and its allies are likely to stick to their existing agreement to add 400,000 barrels per day of oil to the market in November

OPEC meets on output increase as oil prices rally

OPEC and its allies meet on Monday to debate how much oil to release into red hot market, where supply disruptions and recovering demand from coronavirus pandemic have pushed oil above $80 per barrel.

OPEC sees stronger demand for its crude oil this year and next

The latest data from the group indicate that the world will continue to face an oil supply deficit in the coming months even as its members revive idle production.

Sensex rises 514 pts, Nifty ends above 17,200; RIL, TCS top contributors

TCS, HUL, Titan Company, UltraTech Cement, and Bharti Airtel hit their respective record highs on the BSE today

OPEC+ meet, Hurricane Ida: Where are oil prices headed?

OPEC+ raises 2022 oil demand growth forecast as US pushes to hike output

Two OPEC+ sources said the group's experts revised the 2022 oil demand growth forecast to 4.2 million barrels per day (bpd), up from the previous forecast of 3.28 million bpd.

Oil slips as Hurricane Ida weakens, OPEC+ in focus for output increase

Brent crude was down 26 cents, or 0.4%, at $72.44 by 1340 GMT, having reached $73.69 earlier, the highest since August 2

OPEC+ likely to keep oil output policy from Sept unchanged, say sources

OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its planned modest production increase, three OPEC+ sources told Reuters

Oil slips but set to end week steady on tight supply as demand recovers

For the week, Brent was set to end the week up a marginal 0.2%, having declined in the previous three weeks. U.S. crude was poised to remain steady over the week.