Tag Archives: opec

In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. Oil Purchasing biases pushed crude oil prices to touch the highest level since October 2018, and we can say that the biggest supporter of the rise in …

In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. Oil Purchasing biases pushed crude oil prices to touch the highest level since October 2018, and we can say that the biggest supporter of the rise in …

The Organization of the Petroleum Exporting Countries (OPEC) and its partners, forming an alliance known as OPEC+, agreed on Thursday to extend most crude oil production cuts until the end of next month. While Russia and Kazakhstan were allowed limited eases in output curbs, of 130,000 barrels per day (b/d) …

Sources in OPEC+ told Reuters that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, are considering extending oil production cuts from March to April instead of increasing production due to the fragility of crude markets due to continuing concerns about the Coronavirus …

The Organization of the Petroleum Exporting Countries (OPEC) is expecting the global demand for crude oil to rise by 5.8 million barrels per day (b/d) in 2021, decreasing its previous expectations by about 100,000 b/d. Extended lockdowns and the re-introduction of partial lockdowns in a number of countries has resulted …

OPEC said that global oil demand will rebound in 2021 at a slower pace than previously thought, in the latest step in a series of cuts to expectations amid the fallout from the coronavirus pandemic. The Organization of Petroleum Exporting Countries added in a monthly report that demand will rise …

The Organization of the Petroleum Exporting Countries (OPEC) left its forecast for global oil demand growth in 2021 unchanged at 5.9 million barrels per day in its latest monthly report, per Reuters. “US shale supply outlook is now slightly more optimistic with rising oil prices, the output is seen recovering …

The compliance of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC+, with oil output curbs declined to 75% in December, Reuters reported on Tuesday.

Saudi Arabia is reportedly proposing more output cuts during the month of February during the OPEC+ summit, Reuters reported. The Kingdom believes maintaining production curbs is essential to restoring the global oil market balance, despite an improved outlook due to the rollout of Coronavirus vaccines. This comes as worries about …

An OPEC document dated January 4, seen by Reuters, showed that the OPEC+ group of oil producers is considering reducing production by 500 thousand barrels per day in February, and three other scenarios include maintaining production at current levels or increasing 500 thousand barrels per day.