All publications by tag «OPEC»
2020, September, 11, 12:20:00
OPEC+ PRODUCTION CUT
The OPEC+ agreement called for a decrease in crude oil output by a combined 9.7 million b/d in May and June, a combined decrease of 9.6 million b/d in July 2020, and a combined decrease of 7.7 million b/d in August
2020, September, 8, 12:45:00
OPEC+ STABILIZES MARKET
Saudi Arabia and Russia agreed to further closely coordinate their work on production cuts, trade and investments.
2020, September, 2, 12:55:00
IRAQ NEED EXEMPTION
Iraq will continue to trim its output in October through December as per the OPEC+ agreement,
2020, September, 2, 12:50:00
UAE OIL PRODUCTION +103 TBD
That is 103,000 b/d above UAE quota of 2.590 million b/d, under the OPEC+ supply accord
2020, August, 21, 11:25:00
OPEC+ : FRAGILE MARKET
OPEC+ underscored the fragility of the market and significant uncertainties, particularly associated with oil demand, and called for vigilance by all participating countries.
2020, July, 15, 14:15:00
OIL DEMAND WILL UP
In 2021, oil demand is forecast to partially recover from the current year to show historic high growth of 7.0 mb/d.
2020, July, 15, 14:10:00
OPEC+ DECISION
OPEC+ sources have said no recommendations have been made to prolong record cuts into August
2020, July, 14, 13:05:00
OIL DEMAND IS BETTER
The key Joint Ministerial Monitoring Committee, co-chaired by Saudi Arabia and Russia, the two largest members of the coalition, will convene online July 15 and make a final recommendation.
2020, July, 14, 12:50:00
IRAQ PROMISES TO COMPLY
Iraq affirmed its commitment to the OPEC+ cuts in a call with Saudi energy minister Prince Abdulaziz bin Salman, the two ministers said in a joint statement.
2020, July, 10, 11:35:00
U.S. SHALE: NO TARGET
The intervention of the United States, the G-20 and other leading producing countries was vital in securing April’s historic production deal to rebalance and stabilize oil markets reeling from the pandemic.
