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Tag: opec
OPEC+ Pushes For Compliance, Remains Undecided on Extending Oil Cuts
2020-06-18 23:05:00| OGI
OPEC and allies, known as OPEC+, have been cutting output since May by a record 9.7 million bbl/dor 10% of global supplyafter oil demand plunged by up to a third.
Tags: remains
oil
compliance
cuts
OPEC+ Panel Makes No Recommendation on Supply Cuts
2020-06-17 18:58:55| OGI
This weeks meetings are part of an OPEC+ effort to review the impact of a record supply that started May 1 cut and hear from countries yet to deliver their share in full, such as Iraq.
Tags: makes
supply
panel
recommendation
Saudi Arabia to End Voluntary Cuts on Top of OPEC+ Pact
2020-06-08 21:00:00| OGI
Saudi Energy Minister Prince Abdulaziz bin Salman said that this would not continue in July, when Saudi Arabia will pump its OPEC quota, amid signs of demand recovery.
Analysts: Oil Price Rally to Continue as OPEC+ Extends Output Cuts
2020-06-08 04:00:00| OGI
Following the deal, oil prices will continue rallying throughout the month of June, averaging at around $43/bbl for Brent and $30/bbl for WTI, analyst says.
Tags: price
continue
oil
output
OPEC, Russia Discuss Extending Oil Cuts for 1-2 Months
2020-06-01 15:05:54| OGI
OPEC+ decided in April to cut output by a record 9.7 million barrels per day, or about 10% of global output.
Tags: months
discuss
oil
russia
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