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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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