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Tag: opec
OPEC Cuts 2021 Oil Demand Outlook Again Citing Pandemic Impact
2020-12-14 19:00:00| OGI
The prospect of a weaker demand recovery has already prompted OPEC and its allies, a group known as OPEC+, to slow the pace of its scheduled oil-output boost in 2021.
Tags: impact
oil
demand
outlook
OPEC+ Likely to Hold Next Policy Meeting in Early January
2020-12-07 15:20:00| OGI
OPEC, Russia and allies, a group known as OPEC+, are likely to hold their next meeting to set oil policy on Jan. 4, two sources close to the group said Dec. 7.
Tags: policy
january
early
hold
Brent Rises to Highest Since March Following OPEC+ Oil Deal
2020-12-04 00:00:00| OGI
OPEC+ had been expected to extend existing cuts until at least March, after backing down from earlier plans to boost oil output by 2 million bbl/d.
Report: OPEC+ Working on Compromise for 2021 Oil Policy
2020-12-03 15:20:00| OGI
OPEC, Russia and allies, a group known as OPEC+, had previously been expected to extend existing oil cuts of 7.7 million bbl/d, or 8% of global supplies, until at least March.
Tags: policy
report
working
oil
Report: OPEC+ Postpones Oil Output Policy Talks Amid Disagreement
2020-11-30 23:55:00| OGI
After consultations on Nov. 29 failed to reach agreement, sources said Russia suggested a possibility for OPEC+ to start increasing output by 500,000 bbl/d each month from January.
Tags: policy
report
oil
output
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