OPEC+石油市场月报(2023年6月)-94页.doc HYPERLINK Organization of the Petroleum Exporting Countries HYPERLINK 13 June 2023 HYPERLINK Feature article: HYPERLINK World oil market prospects for the second half of 2023 HYPERLINK Oil market highlights iii HYPERLINK Feature article HYPERLINK Crude oil price mo...
Early Wednesday shortly after the OPEC+ meeting postponement was announced, that probability fell to 36.75% from 65.88% on Tuesday afternoon. “Reaching a new agreement to cut production will prove to be challenging,” said Rystad’s León. The 2024 production quotas decided in...
Analysts await latest maneuvering at upcoming OPEC meeting in June. (column)Smith, Eugene R
People pass near a petrol station at the Central Business District in Nairobi, capital of Kenya, on June 29, 2023. (Photo by John Okoyo/Xinhua) The meeting was co-chaired by Al Ghais and Zhang Jianhua, head of China's National Energy Administration. The next high-level meeting of the ...
In the 4th OPEC+ Ministerial Meeting (held on June 23, 2018), OPEC+ countries declared that they have exceeded the required level of production cuts outlined in the 'Declaration of Cooperation', reaching 147% in May 2018. Therefore, OPEC+ decided that as of July 1, 2018, it will ensure...
The 5 December meeting will be a third consecutive Opec+ ordinary ministerial meeting to be held virtually rather than in Vienna. The last time Opec+ held its ministerial meeting in-person was in June 2023. By Bachar Halabi and Nader Itayim ...
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...
Russia does not expect changes to OPEC+ policy at June meeting: Novak Russian Deputy Prime Minister and key OPEC+ negotiator Alexander Novak said May 25 that he does not expect the group to take any new decisions at their next meeting scheduled for June 4. "I don't think that there will...
OPEC+ negotiations over production quotas have often been difficult in the past, most recently at their June meeting. WHAT IS AGREED ALREADY? OPEC+ after long negotiations in June extended oil output cuts of 3.66 million barrels per day (bpd), or about 5% of daily global demand, until the ...
Analysts thought the 12-member group would boost production in an effort to cool off oil prices and take some pressure off the world economy…. Instead of raising production the Organization of Petroleum Exporting Countries ended a contentious meeting in Vienna without changing quotas for its members...