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OPEC+

Energy

OPEC Revised Crude Oil Demand Downwards

portnews -
Crude Oil Price Movements The OPEC Reference Basket fell $9.17, or 7.8%, m-o-m in July to average $/b. Oil futures prices remained highly volatile in...
Energy

Asian refiners assess crude oil buying strategies after OPEC+ decision

portnews -
This week, Asian refiners will assess their spot and term crude procurement strategies after OPEC+ signed off on a modest production hike. Last week,...
Energy

Kuwait close to exhausting production capacity – OPEC faces pressure

portnews -
Kuwait is close to exhausting its production capacity, capping its ability to bring on more crude oil supplies to meet heightened global demand, as...
Energy

White House: Falling gas prices mean more than OPEC numbers

portnews -
President Joe Biden traveled to Saudi Arabia last month on the possibility that he could get some additional oil production out of OPEC+ in...
Energy

OPEC+ approves tiny oil output rise in rebuff to Biden

portnews -
OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was an insult to U.S. President...
Energy

OPEC+ sees lower global oil oversupply as it prepares to set Sep output targets

portnews -
OPEC and its allies are remaining mum about their intentions when they meet Aug. 3 to decide on September production quotas, but an analysis...
Energy

OPEC meets amid output struggles, U.S. pressure for more oil

portnews -
By September, OPEC+ would have wound down all of the record production cuts it implemented in 2020 to deal with a collapse in demand...
Energy

Oil prices dip ahead of OPEC+ meeting

portnews -
Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output steady with spare capacity...
Energy

Opec+ walks ‘fine line’ between US, Russia; output rises in July

portnews -
The Opec+ group of oil exporters are set to hammer out a new strategy at their meeting on Wednesday, with all eyes on how...
Energy

Saudi to push OPEC+ to increase oil production at upcoming meeting -Fox Business reporter

portnews -
Saudi Arabia will push OPEC+ to increase oil production at an upcoming meeting on Wednesday, a Fox Business news reporter said on Monday. Saudi King...
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