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Tag: opec
OPEC Sees World Oil Demand Reaching Pre-Pandemic Level in 2022
2021-07-15 15:11:11| OGI
OPEC stuck to its forecast for a strong recovery in world oil demand in the rest of 2021 and predicted oil use would rise in 2022 at similar to pre-pandemic rates, led by growth in the United States, China and India.
Saudi Arabia, UAE Reach Compromise over OPEC+ Oil Policy: Report
2021-07-14 17:30:00| OGI
Saudi Arabia and the UAE are reported to have reached a compromise to unlock more oil supply after OPEC+ talks this month were abandoned due to a dispute between the two countries, says source.
OPEC+ Stalemate Means Tight Oil Market Now, IEA Says
2021-07-13 19:35:00| OGI
A dispute over policy between Saudi Arabia and United Arab Emirates this month meant plans for OPEC+ to pump more oil by the end of 2021 were put on hold.
OPEC+ Yet to Make Progress in Resolving Impasse
2021-07-12 15:28:31| OGI
OPEC+ has yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said on July 12.
Tags: make
progress
resolving
impasse
Analysts Say Boosting US Shale Output Unlikely with OPEC+ Inaction
2021-07-09 20:23:42| OGI
U.S. crude oil output is forecast to rise to 11.51 MMbbl/d this month, then drop to 11.41 MMbbl/d in October before rising into 2022.
Tags: with
output
analysts
boosting
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