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Page 7 - Opec Output

Oil prices slip as Suez Canal opens, focus turns to OPEC+ output cuts

Brent crude was down 50 cents, or 0.8%, at $64.48 a barrel by 0851 GMT. US oil was off by 58 cents, or 0.9%, at $60.98 barrel

Oil prices slip as Suez Canal opens, focus turns to OPEC+ output cuts
Updated On : 30 Mar 2021 | 4:27 PM IST

Oil rises on hopes of stable OPEC+ output, fears of long disruption at Suez

Brent oil rose 58 cents, or 0.9%, to $65.15 a barrel by 1048 GMT. U.S. crude was up 40 cents, or 0.7%, at $61.37 a barrel

Oil rises on hopes of stable OPEC+ output, fears of long disruption at Suez
Updated On : 29 Mar 2021 | 5:08 PM IST

It's time Gulf Arab States look away from Oil and find new revenue sources

We are approaching an energy inflection point in the global economy: plentiful oil supply, a demand plateau by 2030 and more competitive renewable-energy options

It's time Gulf Arab States look away from Oil and find new revenue sources
Updated On : 12 Mar 2021 | 11:57 AM IST

India asks refiners to diversify, cut reliance on Middle East oil

Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April

India asks refiners to diversify, cut reliance on Middle East oil
Updated On : 09 Mar 2021 | 4:49 PM IST

Oil prices climb as OPEC+ extends output cuts into April

Brent crude futures for May rose 83 cents, or 1.2%, to $67.57 a barrel at 0609 GMT

Oil prices climb as OPEC+ extends output cuts into April
Updated On : 05 Mar 2021 | 3:48 PM IST

OPEC+ extends most oil output cuts into April, Saudi keeps voluntary curb

OPEC's leader Saudi Arabia said it would extend its voluntary oil output cut of 1 million barrels per day (bpd), and would decide in coming months when to gradually phase it out

OPEC+ extends most oil output cuts into April, Saudi keeps voluntary curb
Updated On : 05 Mar 2021 | 6:59 AM IST

Will look at alternate energy if OPEC+ doesn't fix crude shortage: Pradhan

Recalls India's support to oil producing nations when global demand collapsed last May, and OPEC's promise to sustain normal supply when things got better

Will look at alternate energy if OPEC+ doesn't fix crude shortage: Pradhan
Updated On : 05 Mar 2021 | 12:24 AM IST

Government urges OPEC+ to fulfill promise of stable oil prices

Retail petrol and diesel prices have been going through the roof

Government urges OPEC+ to fulfill promise of stable oil prices
Updated On : 04 Mar 2021 | 5:54 PM IST

Oil falls to two-week lows as OPEC+ nations seen easing supply curbs

OPEC Secretary General Mohammad Barkindo said the outlook for oil demand was looking more positive, particularly in Asia

Oil falls to two-week lows as OPEC+ nations seen easing supply curbs
Updated On : 03 Mar 2021 | 6:51 AM IST

Oil slips on fears over higher OPEC supply, slower China demand

OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to reductions agreed to under the previous OPEC+ pact

Oil slips on fears over higher OPEC supply, slower China demand
Updated On : 02 Mar 2021 | 7:02 PM IST

Crude oil's fate could be in hands of commodity supercycle

OPEC+ will have an important say in how the oil supercycle plays out. Oil prices are now at a level that could bring at least the smaller US operators back and even start to tempt renewed longer-cycle

Crude oil's fate could be in hands of commodity supercycle
Updated On : 25 Feb 2021 | 9:56 AM IST

India urges OPEC to stop crude price spike in scratch-my-back diplomacy

IEA projection of rising demand for oil adds to New Delhi's worry

India urges OPEC to stop crude price spike in scratch-my-back diplomacy
Updated On : 24 Feb 2021 | 5:11 PM IST

Russia, Saudi Arabia at odds over output deal ahead of Opec+ meeting

Russian Deputy Prime Minister Alexander Novak has voiced support for a gradual increase in oil output amid improving demand

Russia, Saudi Arabia at odds over output deal ahead of Opec+ meeting
Updated On : 23 Feb 2021 | 2:25 AM IST

Oil pares gains after hitting new highs on tightening OPEC supplies

Brent crude gained 17 cents to $58.63 a barrel

Oil pares gains after hitting new highs on tightening OPEC supplies
Updated On : 04 Feb 2021 | 11:25 PM IST

Oil prices gain on continued cuts from OPEC+ and US stocks draw

The market was further bolstered by news that Democrats in the US Congress took the first steps toward advancing President Joe Biden's proposed $1.9 trillion coronavirus aid plan

Oil prices gain on continued cuts from OPEC+ and US stocks draw
Updated On : 04 Feb 2021 | 8:19 PM IST

Brent oil rises to highest since February after Saudi Arabia output cut

Brent oil prices rose to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers

Brent oil rises to highest since February after Saudi Arabia output cut
Updated On : 06 Jan 2021 | 9:03 AM IST

Saudi pledges voluntary oil output cuts in Feb-March as part of OPEC+ deal

Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady

Saudi pledges voluntary oil output cuts in Feb-March as part of OPEC+ deal
Updated On : 06 Jan 2021 | 6:40 AM IST

OPEC+ resumes debate after talks stumble over February oil output

An internal OPEC document, suggested a 0.5 million bpd cut in February as part of several scenarios considered for 2021

OPEC+ resumes debate after talks stumble over February oil output
Updated On : 05 Jan 2021 | 6:02 PM IST

Oil prices slip before OPEC+ resumes meeting on February output levels

Oil prices edged down before deadlocked talks between major producers about potential changes in February output are set to continue later in the day

Oil prices slip before OPEC+ resumes meeting on February output levels
Updated On : 05 Jan 2021 | 11:25 AM IST

Oil little changed as investors await OPEC+ decision on February output

Oil prices were little changed after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new Covid-19 lockdowns

Oil little changed as investors await OPEC+ decision on February output
Updated On : 05 Jan 2021 | 8:43 AM IST