All publications by tag «OPEC»
2020, March, 16, 10:45:00
OPEC - RUSSIA: NO DEAL
In April, Russia may fully return to production levels reached before the OPEC+ deal in October 2018, Novak said.
2020, March, 12, 12:55:00
SAUDI ARABIA, RUSSIA TALKS
Russia has long been seeking to capitalize on its OPEC ties with investment deals, which have been slow to materialize despite official state visits by Saudi King Salman to Moscow in 2017 and Russian President Vladimir Putin to Riyadh in October.
2020, March, 12, 12:50:00
THE NEW OPEC+ AGREEMENT
Al Mazrouei said, via a series of tweets, "OPEC and OPEC+ played an important role in delivering market stability. The UAE Ministry of Energy and Industry firmly believes that a new agreement is essential to support a balanced and less volatile market."
2020, March, 9, 14:50:00
OPEC RECOMMEND 1.5 MBD
OPEC recommend extending the duration of the proposed 1.5 million barrel per day additional adjustment until the end of 2020, instead of 30th of June 2020.
2020, March, 6, 12:40:00
OPEC NEEDS REDUCTION 1.5 MBD
With oil prices tumbling, OPEC now wants to deepen its production cuts with non-OPEC allies by 1.5 million b/d for the full year 2020, instead of just the second quarter, sources said Thursday.
2020, March, 4, 10:00:00
OPEC'S PROPOSAL: $60
“Conoravirus ... is a short-lived factor which is affecting oil prices ... There will be an OPEC (and non-OPEC) meeting, compensatory measures will be taken which will take the excess oil off the market and the oil price will rebound,” Fedun said.
2020, March, 2, 12:55:00
OPEC+ OIL CUTS
Despite heavy lobbying by Saudi Arabia, the 23-country coalition of OPEC and non-OPEC producers has yet to agree on any plans to rein in crude oil production further.
2020, February, 26, 09:55:00
CORONAVIRUS BRIEFLY: ARAMCO
The global impact of coronavirus will only be “short term”, according to the CEO of Saudi Aramco.
2020, February, 21, 12:30:00
OIL MARKET: NOTHING URGENT
Despite the partial recovery, oil prices are still far below the level many OPEC members need for their budgets to balance.
2020, February, 12, 12:15:00
OPEC+ PRODUCTION DOWN BY 500 TBD
OPEC members and allied oil producers, the so-called OPEC+, have agreed to cut their crude oil production by an additional 500,000 bbl/d until their next meeting in early March 2020.
