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OPEC Reaches Consensus to Extend Oil Cuts, Algeria Says
2020-11-30 17:00:00| OGI
OPEC, Russia and others, a group known as OPEC+, hold their wider talks on Dec. 1, after informal discussions of key ministers on Nov. 29 had failed to reach a consensus on oil output cuts.
Tags: oil
extend
cuts
consensus
Report: OPEC+ Yet to Find Compromise on Oil Policy for 2021
2020-11-29 22:00:00| OGI
OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Nov. 29 and ahead of crucial meetings on Nov. 30 and Dec. 1, four OPEC+ sources told Reuters.
Oil Prices Set for Weekly Gain Ahead of OPEC+ Meeting
2020-11-27 17:31:41| OGI
Oil prices were mixed on Friday but remained on course for a fourth straight week of gains ahead of an OPEC+ meeting early next week.
OPEC+ Leaning towards Oil Cut Extension, Despite Rally
2020-11-25 16:00:57| OGI
OPEC and allies including Russia are leaning towards delaying next years planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, three sources close to OPEC+ said.
OPEC Expects Coronavirus to Curb Oil Demand Recovery into 2021
2020-11-11 16:44:12| OGI
Ongoing pandemic will make it more difficult for the cartel to support the market.
Tags: oil
demand
recovery
expects
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