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Tag: opec
OPEC+ Broadly Extends Oil Supply Cuts into April
2021-03-04 18:25:00| OGI
OPECs leader Saudi Arabia said it would extend its voluntary oil output cut of 1 million bbl/d, and would decide in coming months when to gradually phase it out.
OPEC+ Debates Whether to Raise Oil Output as Price Recovers
2021-03-04 11:45:00| OGI
The market has been expecting the OPEC+ group of producers to ease supply cuts but sources say some key members had suggested that oil output across the OPEC+ group should be kept unchanged.
OPEC+ Considering Oil Output Roll Over for April
2021-03-03 15:20:21| OGI
OPEC and other oil producers, a group known as OPEC+, are considering rolling over production cuts into April instead of raising output as a recovery in oil demand remains fragile due to the coronavirus crisis, three OPEC+ sources told Reuters on March 3.
CERAWeek: OPEC Oil Has Advantage over US Shale during Pandemic Recovery
2021-03-03 11:20:00| OGI
At CERAWeek, OPEC vs. U.S. shale is often discussed as a showdown between competing interests, but the dynamic of Texas vs. the Middle East is nearly invisible this year.
Tags: advantage
oil
recovery
pandemic
OPEC: Oil Market Rebalancing but COVID-19 Still a Risk
2021-03-02 20:00:00| OGI
OPEC and other key exporters such as Russia, a grouping dubbed OPEC+, meet on March 4 and are expected to discuss allowing as much as 1.5 million bbl/d back into the market
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