OPEC
Saudi Arabia to hike oil output above 10 million bpd in April after OPEC+ deal collapse
Mon, Mar 09, 2020
Saudi Arabia, the world`s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of OPEC`s supply cut agreement with Russia, two sources told Reuters on Sunday
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Oil prices jump 4% after reports of coronavirus drug breakthrough
Thu, Feb 06, 2020
Oil prices jumped about 4% on Wednesday on media reports that scientists had found a drug breakthrough for the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil demand
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Oil futures rise on talk of further OPEC+ supply curbs
Tue, Dec 03, 2019
Oil eased off session highs as Wall Street dropped after data showed U.S. factory activity contracted in November and after U.S. President Donald Trump unexpectedly announced plans to reimpose tariffs on steel and aluminium from Argentina and Brazil.
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OPEC and allies may deepen oil cut deal to 1.6 million bpd - Iraq
Mon, Dec 02, 2019
Iraq will exceed 100% commitment with the supply deal as of Sunday, Ghadhban also said, adding that an agreement capping production from the semi-autonomous Kurdistan region will also help the country`s compliance.
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OPEC cuts 2020 global oil demand forecast, urges effort to avert new glut
Wed, Sep 11, 2019
OPEC, in the report, lowered its forecast for world economic growth in 2020 to 3.1% from 3.2% and said next year`s increase in oil demand would be outpaced by "strong growth" in supply from rival producers such as the United States.
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OPEC close to reaching an agreement on extending production cuts: UAE Energy Minister
Wed, Jun 12, 2019
Members of the Organization of the Petroleum Exporting Countries are close to reaching an agreement on extending production cuts, the energy minister of the United Arab Emirates said on Tuesday.
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