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OPEC Oil Output Falls in February on Saudi Additional Cut

2021-03-01 14:50:04| OGI

OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to agreed reductions under a pact with allies, a Reuters survey found on March 1, ending a run of seven consecutive monthly increases.

Tags: february additional cut oil

 

Russia, Saudi Arabia At Odds over Oil Cuts Ahead of OPEC+ Meeting: Reports

2021-02-22 19:00:00| OGI

Key questions for the OPEC+ meeting will be whether Saudi Arabia rolls back its voluntary cut of 1 million bbl/d and whether there is room for an additional increase in supply from the whole oil producer group.

Tags: reports meeting oil ahead

 
 

Brent Crude Nears $60 as OPEC+ Cuts Tighten Oil Market

2021-02-05 22:00:00| OGI

The oil market is on a bull run, despite renewed lockdowns in Europe and Asia to curb second and third waves of the virus.

Tags: market oil cuts crude

 

OPEC+ Sticks with Output Policy Despite Oil Price Rally

2021-02-03 20:05:00| OGI

Oil has rallied from historic lows hit last year as the pandemic hit demand, thanks to record output cuts by OPEC and allies, known as OPEC+ that the group is beginning to unwind.

Tags: policy price oil output

 

OPEC+ Sees Oil Market Deficit Despite Revised Demand Outlook

2021-02-02 18:22:30| OGI

The group expected the oil market deficit despite having lowered its forecast for oil demand growth this year to 5.6 million bbl/d, 300,000 bbl/d less than OPEC's most recently released estimate.

Tags: market oil demand revised

 

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