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US Calls on OPEC and its Allies to Increase Oil Production

2021-08-11 15:30:00| OGI

Biden's national security adviser Jake Sullivan criticized the world's major oil producers for insufficient crude production.

Tags: increase production oil calls

 

OPEC Oil Output Hits 15-month High, Survey Shows

2021-08-02 15:10:00| OGI

Saudi Arabia delivered the biggest increase in July of 460,000 bbl/d of oil, as it further unwound its voluntary cut and raised output as part of the July 1 OPEC+ boost.

Tags: high shows hits survey

 
 

Opinion: OPEC+ Deal Should End $100 Oil Predictions

2021-07-19 23:30:00| OGI

So far the evidence from crude oil demand appears to favor the bearish narrative that the world economic recovery is not happening fast enough, especially in the top oil-importing region of Asia.

Tags: end opinion deal oil

 

Oil Falls More Than $2 after OPEC+ Producers Agree to Raise Output

2021-07-19 15:22:20| OGI

Oil prices fell sharply on July 19 after OPEC+ overcame internal divisions and agreed to boost output, sparking concerns about a crude surplus as COVID-19 infections rise in many countries.

Tags: to agree oil output

 

OPEC+ Agrees to Oil Supply Boost after UAE, Saudi Compromise

2021-07-19 11:15:00| OGI

The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others agreed to a request from the UAE.

Tags: supply oil saudi boost

 

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