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Saudi Arabia Chafes at False Promises on Oil Cuts from OPEC Partners

2020-09-17 18:30:00| OGI

Moves to flout deal terms on oil cuts damage reputation of OPEC+, Saudi Arabias energy minister says.

Tags: partners oil false arabia

 

As OPEC+ Meets This Week, UAE Emerges As Main Laggard

2020-09-16 22:00:00| OGI

The United Arab Emirates has emerged as a major laggard in delivering oil output cuts in August, figures used by OPEC+ showed on Sept. 16.

Tags: main week meets uae

 
 

OPEC+ Meeting Unlikely to Advocate Deeper Oil Production Cuts, Sources Say

2020-09-14 20:20:00| OGI

Five OPEC+ sources said a virtual meeting on Sept. 17, known as the joint ministerial monitoring committee, was also unlikely to recommend changing oil output targets despite Brent prices falling.

Tags: production meeting sources oil

 

OPEC August Oil Output Rises for Second Month as Supply Cut Eased

2020-09-02 11:15:00| OGI

OPEC oil output has risen by about 1 million bbl/d in August, a Reuters survey found, as the group and allies eased record oil supply curbs.

Tags: august month supply cut

 

OPEC+ Oversupply Totals 2.31 MMbbl/d

2020-08-20 15:22:25| OGI

Cartel would need to slash output to compensate for its May-July surplus.

Tags: totals opec oversupply mmbbld

 

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