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2019-02-27 09:40:00

OPEC CONTINUE CUTS

OPEC CONTINUE CUTS

REUTERS OPEC and its allies will stick with their agreement to cut oil supply, pushing for more adherence despite a demand by U.S. President Donald Trump that the producer group ease its efforts to boost crude prices, a Gulf OPEC source said on Tuesday.

Based on current market data, the so-called OPEC+ group is "likely to continue with the production cuts until the end of the year", the source told Reuters.

The OPEC+ alliance will meet in…

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Earlier:

OPEC CONTINUE CUTS
2019, February, 22, 12:15:00
OIL PRICE: NEAR $67
REUTERS - Oil prices were firm on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.
OPEC CONTINUE CUTS
2019, February, 18, 12:25:00
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OPEC CONTINUE CUTS
2019, February, 15, 12:00:00
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PLATTS - "Our primary objective is to ensure that the oil market remains in balance throughout 2019 and beyond in order to build on the success of the past couple of years," added Barkindo.
OPEC CONTINUE CUTS
2019, February, 13, 12:15:00
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PLATTS - OPEC has painted a bearish picture for 2019, with demand for its crude oil expected to fall due to weak demand growth and a sharp rise in output from producers outside the group.
OPEC CONTINUE CUTS
2019, February, 13, 12:10:00
OPEC ISN'T A CARTEL
REUTERS - OPEC Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked on Monday to comment on a U.S. House committee passing a bill targeting OPEC oil supply cuts.
OPEC CONTINUE CUTS
2019, February, 1, 11:35:00
OIL MARKET IS CALM
PLATTS- Russian energy minister Alexander Novak said Wednesday that he does not currently see a need to take any extra measures or call for an extra meeting by the OPEC/non-OPEC group over the crisis in Venezuela. "We haven't discussed the situation with [Saudi energy] minister Falih, or other ministers," Novak told reporters. "The markets are currently calm ... and the volatility is insignificant. So there is no need for the extra meeting of OPEC+, at least the Russian side thinks so."
OPEC CONTINUE CUTS
2019, January, 21, 11:50:00
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Tags: OPEC, RUSSIA, OIL, PRODUCTION
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