2021-07-06 12:15:00
OPEC+ NO DECISION
OPEC - 05 Jul 2021 - “The 18th OPEC and non-OPEC Ministerial Meeting has been called off,” OPEC Secretary General, HE Mohammad Sanusi Barkindo, said in a letter to Heads of Delegation of OPEC Member Countries and non-OPEC oil producing countries participating in the Declaration of Cooperation (DoC).
“Upon consultations with HRH Prince Abdul Aziz Bin Salman, Minister of Energy of the Kingdom of Saudi Arabia, and HE Alexander Valentinovich Novak, Deputy Prime Minister of the Russian Federation, Chairman and Co-chairman of the OPEC and non-OPEC Ministerial Meeting (ONOMM), the reconvened 18th OPEC and non-OPEC Ministerial Meeting has been called off,” the Secretary General stated.
The Secretary General noted: “The date of the next meeting will be decided in due course and we will inform you accordingly.”
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Earlier:
2021, July, 5, 13:30:00
OIL PRICE: NOT BELOW $76
Brent was up 30 cents, or 0.4%, at $76.47 a barrel, WTI gained 32 cents, or 0.4%, to $75.48 a barrel.
2021, July, 2, 12:35:00
OPEC+ 2 MBD
If agreed, the OPEC+ alliance's collective production cuts would shrink by about one-third by the end of the year to about 3.76 million b/d, from July's 5.76 million b/d.
2021, June, 29, 13:35:00
OIL PRICE: NOT ABOVE $75 AGAIN
Brent fell 67 cents, or 0.9%, to $74.01 a barrel, WTI fell 83 cents, or 1.1%, to $72.08 a barrel.
2021, June, 28, 13:40:00
OIL PRICE: NEAR $76
Brent Brent dipped 10 cents, or 0.1%, to $76.08 a barrel, WTI was down 4 cents, or 0.1%, at $74.01 a barrel.
2021, June, 25, 12:50:00
OIL PRICE: NOT ABOVE $76 YET
Brent was up 4 cents, or 0.1%, at $75.60 a barrel, WTI was up 1 cent, or less than 0.1%, at $73.31 a barrel.
2021, June, 25, 12:45:00
OPEC OIL NEEDED
OPEC+ negotiations on August production levels will pick up in earnest on June 29, with a meeting of the delegate-level advisory Joint Technical Committee, before the nine-country Joint Ministerial Monitoring Committee co-chaired by Saudi Arabia and Russia convene on June 30.
2021, June, 9, 12:45:00
OPEC+ OIL PRODUCTION UP 430 TBD
Despite the production gains, the looser quotas meant OPEC+ compliance stayed mostly steady at 111.45% compared to 111.16% in April,
