In the 26th OPEC+ Ministerial Meeting (held on 2 March 2022), OPEC+ decided to increase the monthly overall production by 0.4 million barrels per day (mb/d) for April 2022. Accordingly, our OPEC+ policy index has experienced a notable nadir during this period. (5) In the 33rd OPEC+ ...
OPEC+ unlikely to change output policy at panel meeting FILE PHOTO: FILE PHOTO: OPEC's logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic//File Photo/File PhotoReuters/REUTERS Oil has rallied this year, driven by tighter supply, attacks on Russian energy infrastructu...
Ahead of the meeting, OPEC's de facto leader Saudi Arabia has publicly encouraged allied partners to remain "extremely cautious" on production policy, warning the group against complacency as it seeks to ensure a full oil market recovery. Non-OPEC leader Russia, meanwhile, had indicated that ...
This would not be without precedent. Saudi Arabia pledged its voluntary 1mn b/d cut, dubbed a "lollipop" by Saudi energy minister Prince Abdulaziz bin Salman, immediately after the June 2023 Opec+ meeting. By Nader Itayim, Bachar Halabi and Aydin Calik...
With the OPEC+ meeting postponed from Sunday to Thursday, Saudi Arabia, which has borne the brunt of the supply cuts, had sought to convince African countries to chip in by accepting lower production quotas. But Angola and Nigeria were among those countries reluctant to sign up, seeking to st...
OPEC+ meeting an "ultimate failure" for Saudi Arabia in bringing members together: Citi RBC Capital Markets' Managing Director Helima Croft noted that while some market participants will focus on the fact that Saudi Arabia slashed its output independently, its actions lends to the integrity of the...
Oil Dips on Demand Concerns, Focus on Fed Meeting Five ways Trump could dismantle Biden's climate agenda Republicans demand to see science behind DOE ban on natural gas exports Natural Gas, WTI Oil, Brent Oil – Oil Markets Rally As EU Plans Additional Sanctions On Russian Oil ...
Given the uncertainty in the world economy and global oil markets, the Declaration of Cooperation (DoC) countries have decided in their 35th OPEC and non-OPEC Ministerial Meeting to continue their precautious, proactive, and pre-emptive approach and hence maintain their production adjustments until ...
Oil futures ended fl at on Tuesday in the absence of new information about what policy actions the Opec-plus coalition might take in itsministerial meeting on Sunday. Diesel prices, however, showed some buoyancy on expectations of greate... G Peach - 《Oil Daily》 被引量: 0发表: 2023年 ...
Crude, Products Close Lower Despite Possible Late-April Opec Meeting.(Brief Article)Rehring, Emily