Tag: OPEC
UAE Committed to OPEC+ Agreement
The UAE on Thursday affirmed its commitment to the OPEC+ agreement.
''The UAE remains committed to the OPEC+ agreement and its existing monthly production adjustment...
Will Oil Price Hit $80 This Summer?
India, the world's third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic...
COVID-19 & OPEC – What Is The New Normal?
Refinitiv released a special report.pdf on Covid-19 and the implications on global oil markets. Covid-19 has significantly impacted global economic outlook and oil demand as global...
OPEC, non-OPEC Reach Oil Cuts Deal Amid COVID-19
An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday with a continued commitment of the participating...
Regional Markets To Follow Developments On OPEC+ Deal
Global equity markets recorded a negative performance during the week as economic indicators have started reflecting meaningful impact to growth, pushing the world into...
Saudi Arabia Calls For Emergency OPEC+ Meeting To Stabilise Market
Saudi Arabia called on Thursday for an emergency meeting of OPEC and non-OPEC oil producers as it aims to reach a fair oil agreement...
OPEC and Allies Have Cleared Oil Surplus
OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April, when their output cuts achieved a key goal of...
Oil Prices Have Hit a Three-year High
Oil prices on Friday stayed near three-year highs reached earlier this week, with ongoing OPEC-led supply cuts and strong demand gradually drawing down excess...
Crude Oil Prices May Push $75 Short Term
Moves in the oil markets are most closely watched after prices surged to their highest levels since July 2015 on Monday. That rise followed...
How Will OPEC Output Cuts Affect the Middle East
OPEC is the organization responsible for regulating at least half of the world's oil output, and as such has become significant in recent years,...
Oversupply Push Oil Prices Lower; “V-shaped Rebound” Likely
Oil prices ended higher last Friday, but suffered a weekly loss for the fifth time in a row. This is the longest run of...
Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future. As Saudi Arabia...
Is a Second OPEC Cut on The Cards?
OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above...
Oil Price Outlook 2017
Oil prices crashed at the beginning of 2016, reaching a low of almost $27 per barrel. By the end of the year, the expectations...
ADNOC committed to OPEC’s Output Cuts Agreement
The Abu Dhabi National Oil Company (ADNOC), in line with the recently agreed oil production cut resolution adopted by OPEC, is undertaking the necessary...
Oil Prices Push up after OPEC’s Production Cut
The price of Brent crude, the international benchmark for oil prices, jumped above $52 a barrel on Thursday after the Organization of the Petroleum...
What Does The Next OPEC Meeting Have In Store?
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and...
2016 and 2017 Crude Oil Projections Lowered Further
The risk of a decline in global oil prices after the peak of the US driving season back in April was highlighted by the...