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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.

Tags: april supply oil cuts

 

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.

Tags: price oil output raise

 
 

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.

Tags: april oil roll output

 

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

Tags: market risk oil opec

 

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