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Saudi Arabia Wants OPEC+ To Deepen Oil Cuts Due To Aramco IPO

2019-12-02 11:56:28| OGI

OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.

Tags: due oil arabia saudi

 

OPEC, Allies May Deepen Oil Cuts To 1.6 MMbbl/d: Iraq

2019-12-01 15:26:17| OGI

OPEC and allied oil producers will consider deepening their existing oil output cuts by about 400,000 barrels per day (bbl/d) to 1.6 MMbbl/d, Iraq's oil minister said on Dec. 1.

Tags: oil iraq cuts allies

 
 

Brent, WTI Oil Prices Weaken Ahead Of OPEC+ Meeting

2019-11-29 14:33:25| OGI

Oil prices dipped on Nov. 29 in muted activity because of the U.S. Thanksgiving holiday while OPEC watchers expect an extension to a pact to throttle oil output beyond March but no deeper cuts to be decided by the producer group and its allies.

Tags: prices meeting oil ahead

 

Russia Signals No Change To Its Oil Quotas At Next Week's OPEC+ Meeting

2019-11-28 13:10:23| OGI

Russian oil companies proposed on Nov. 28 not to change their output quotas as part of a global deal until the end of March, when the current agreement expires, putting pressure on OPEC+ to avoid any major shift in policy when the group meets next week.

Tags: change weeks meeting oil

 

Oil Holds Near Two-Month High On OPEC+ Extension Expectations

2019-11-22 11:56:16| OGI

Oil prices held near two-month highs on Nov. 22 and were set for a third consecutive week of gains, boosted by expectations of an extension to OPEC+ production cuts although doubts over U.S. and China trade talks capped gains.

Tags: high oil extension holds

 

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