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OPEC Cautiously Optimistic Oil Market Will Recover in 2021
2021-01-19 23:40:00| OGI
Oil prices have rallied to an 11-month high this month, helped by a Jan. 5 decision by most members of OPEC+ to hold production steady in February and a pledge by Saudi Arabia to voluntarily cut output.
Tags: market
oil
recover
optimistic
OPEC Sees US Shale Output Recovering Further on Oil Rally
2021-01-15 15:56:19| OGI
The outlook for�U.S.�shale�oil�is slightly more optimistic due to rising prices and�output�will recover�further�in the second half of 2021,�OPEC�said on Jan.14, in a sign its policy of cutting�output�is helping rivals pump more.
OPEC Output Cuts Should Help US Shale Profits in 2021
2021-01-11 11:05:00| OGI
Higher oil prices will fall directly to U.S. shale producers' bottom lines given recent cost cuts and commitments to keeping output flat.
Tags: output
cuts
profits
opec
OPEC December Oil Output Rises for Sixth Month Led by Libya
2021-01-06 18:45:00| OGI
The 13-member OPEC group pumped 25.59 million bbl/d� of oil in December, the survey found, up 280,000 bbl/d from November and a further increase from a three-decade low reached in June.
Saudi Arabia Deepens Cuts as OPEC+ Agrees Oil Output Rollover
2021-01-05 19:00:00| OGI
Saudi Arabia is going beyond its promised cuts as part of the OPEC+ group of oil producers to support both its own economy and the oil market, the countrys energy minister says.
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