Opec+ members headed into their ministerial meeting today with no recommendation from the Joint Ministerial Monitoring Committee (JMMC) over February crude production quota levels, delegates said. And there appear to be differences within the group about what course should be taken. The JMMC, which ...
The upcoming Opec+ ministerial meeting that was scheduled to be held in Vienna on 26 November has been pushed back to 30 November, the Opec secretariat said today. "The 187th Meeting of the Opec Conference, the 51st Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 36th ...
WITH OIL prices close to all-time lows and oil companies tightening their belts, representatives of the Organisation of Petroleum Exporting Countries were last night gathering in Vienna ahead of today's biannual ministerial summit.Paterson, Lea...
The OPEC member states should probe into the reasons behind Qatar's withdrawal from the cartel, as some oil producers have created problems for Qatar, Zanganeh added. The Iranian minister also ruled out the possibility of discussing the quota of Iran's oil output in the next OPEC meeting. "A...
"Today's OPEC meeting is a past story, really," said Peter Gignoux, an analyst with New York-based GDP Associates. "At the end of the day, we have a demand issue, not a supply one." "It's unlikely this will have a major effect in the short-term, as we believe OPEC has limited...
Ahead of the meeting, the likely outcome was OPEC and non-OPEC members wouldagree to a supply cut of around 1 million to 1.4 million bpd. As always though, the hard part for the energy alliance is not figuring out a number, but rather how the group divvies up the cuts. ...
Some news reports today are suggesting there may not even be a June 9/10 meeting if the compliance issue is not resolved – in which case the cuts would automatically be reduced to 7.7 million b/d for the rest of the year. We are skeptical about this and still think ...
The informal meeting of OPEC will be held on the sidelines of the International Energy Forum in Algiers from Sept. 26-28. The OPEC members pump up 33.4 million barrels per day, which is a very high level that could never help pushing prices to hike, according to the Algerian official. Bo...
30 (Xinhua) -- Tokyo shares opened flat on Wednesday amid uncertainties over the meeting of the Organization of the Petroleum Exporting Countries (OPEC), a 14-member oil-producing group. As of 9:15 a.m., the 225-issue Nikkei Stock Average slid 4.87 points, or 0.03 percent, from Tuesday...
“I think that all the topics will be sorted out between OPEC and non-OPEC in today’s meeting,” he said. Zanganeh added that OPEC often approached issues in the short-run and there would be an extraordinary OPEC meeting in 3 or 4 months in order to make decisions. ...