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OPEC+ Misses Target Again, Members Struggle to Raise Oil Output

2021-10-18 15:52:31| OGI

Underinvestment and maintenance problems have slowed down efforts by Angola and Nigeria to pump more.

Tags: members target oil output

 

Saudi Arabia Energy Minister Dismisses Calls for Extra OPEC+ Barrels

2021-10-14 20:05:00| OGI

OPEC and allies led by Russia, collectively known as OPEC+, have done a remarkable job acting as so-called regulator of the oil market, says Saudi Arabia energy minister Prince Abdulaziz bin Salman.

Tags: extra energy calls minister

 
 

OPEC Trims 2021 Demand Forecast but Says Gas Price Surge Could Help

2021-10-13 15:24:28| OGI

Natural gas prices at record highs could provide a potential headwind to oil demand growth, OPEC said.

Tags: help price gas demand

 

White House Stands by Calls for OPEC+ to Do More on Oil Prices

2021-10-12 11:05:00| OGI

A White House official said the Biden administration was closely monitoring the cost of oil and gasoline and using every tool at our disposal to address anti-competitive practices in U.S. and global energy markets to ensure reliable and stable energy markets.

Tags: on house white prices

 

Pioneers Scott Sheffield: Oil Prices Remain under OPEC Control

2021-10-05 11:00:00| OGI

Scott Sheffield said dealmaking in the Permian Basin would also temper U.S. shale producers responses to rising oil prices.

Tags: control prices remain oil

 

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