Oil alliance OPEC+ zeroes in on group compliance after postponing output hike
Two OPEC+ delegates, who could only comment anonymously because of the sensitivity of the talks, told CNBC that the coalition has sharpened its focus on the conformity of its members. Undercompliance has been a repeat bane of the OPEC+ alliance,
Oil Price Expected to Weaken If OPEC+ Hikes Supply
Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting from December is adding to market nervousness.
OPEC+ set to go ahead with Dec oil output hike, sources say
OPEC+ is set to go ahead with a December oil output increase as its impact will be small should a plan for some members to make larger cuts to compensate for overproduction be delivered in September and later months,
OPEC+ Confirms it Has No Specific Price Target For Crude Oil
Despite recent rumors, sources within OPEC+ have confirmed there's no specific price target for crude oil, including the oft-discussed $100 per barrel
Oil Prices Fall as Expectations of Higher Supplies Hammer Market Sentiment
Separately, the Organization of Petroleum Exporting Countries (OPEC), and its allies, a group known as OPEC+, are currently cutting oil output by a total of 5.86 million bpd but it plans to reverse 180,000 bpd of those cuts in December.
Oil prices slide 3% on prospect of more OPEC+ oil
Oil prices fell more than 3% on Thursday on a Financial Times report that Saudi Arabia, the world's top crude exporter, will give up its $100 price target in preparation for raising output, along with OPEC members and allies in December.
The Cheating Game Inside the OPEC+ Oil Cartel
OPEC+ officials love to make Hollywood film references. Need to bash renewable energy? Gone With the Wind. Attack whoever ...
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What is Likely to Happen at Next OPEC+ Meeting in December?
A statement posted on OPEC’s website on June 2 revealed that the 38th OPEC and non-OPEC Ministerial Meeting will be held on ...
Oil Posts Weekly Loss on Supply-Demand Concerns
Oil futures pick up some ground after the previous day’s selloff, while ending the week lower on concerns about flagging global demand and prospects of increased supply after a report that Saudi ...
Putin lauds cooperation with OPEC+, BRICS
Russian President Vladimir Putin said on Thursday that the vast domestic energy sector will be able to achieve its goals and ...
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OPEC+ to go ahead with plans to boost oil output
OPEC+, which groups OPEC members and its allies, will go ahead with a planned oil production increase in December but first ...
OPEC+ Faces a New Problem: A Texas Gas Pipeline
Money, Power and the Traders Who Barter the Earth’s Resources.” Eager to avoid paying record amounts to sell their gas, shale ...
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VLCC rates of $100,000 per day are in sight after Saudi Arabia switch
The Baltic Exchange assessment for VLCCs from the Middle East to Asia on Thursday was $32,200 per day, down 18% in a week.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Drops As Bulls Worry That OPEC+ Will Raise Production
Natural gas pulls back as traders react to the EIA report, which indicated that working gas in storage increased by 47 Bcf ...