OPEC

There is unease in the global oil circuit as OPEC Joint Ministerial Monitoring Committee (JMMC) warm up for a talk, today and tomorrow where lower levels for future output cuts might be proposed. Reuters reported yesterday that oil prices…
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Saudi Arabia commended Iraq for implementing almost all its pledged oil-production cuts and Nigeria told the kingdom it was committed to hitting its target, in further signs that disputes among OPEC+ members over cheating of quotas are…
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Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world. Futures in New York fell below $40…
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Call on OPEC to surge by 25% to 29.8 million barrels a dayUS production to see limited growth after this year’s loss OPEC expects demand for its crude oil to rebound sharply next year, surpassing levels seen before the coronavirus…
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Today, HRH Prince Abdulaziz Bin Salman Al Saud, Minister for Energy, had a phone discussion with HE Timipre Sylva, the Nigerian Minister of State for Petroleum Resources. Chief Timipre Sylva, Nigeria's HMoSPR The discussion between…
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The oil market is getting closer to balance as demand gradually rises, OPEC's secretary general said on Monday, two days before the group and ally Russia meet to decide whether to ease output curbs from August. The Organization of the…
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Delivering remarks at the Annual Statistical Bulletin launch, today in Vienna, Austria, the OPEC Secretary General, Mohammad Sanusi Barkindo acknowledged Professor Jonas Puck of the Vienna University of Economics and Business for…
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The OPEC Secretariat today launched the 55th edition of one of its flagship publications, the Annual Statistical Bulletin (ASB), via videoconference and livestream on the OPEC website The launch was attended by Mohammad Sanusi…
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Oil prices fell by more than 1% in trading, Monday while attention is drawn to the results of the OPEC + meeting, this week, amid expectations of recommending to reduce production cuts. And Brent crude fell 46 cents, equivalent to 1.06%…
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Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of OPEC+ acting as the central bank of oil. And he expresses admiration for Alan Greenspan, former chairman of the U.S. Federal Reserve. The challenge now confronting the oil…
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