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 i...
OPEC expected to extend existing quotas at June meeting despite upcoming Iraqi sale. (Organization of Petroleum Exporting Countries)Mackey, PegElass, Jareer
Russia and Saudi Arabia agreed to closely coordinate on the OPEC+ output cuts deal, two weeks ahead of a crucial meeting of the group. The talks between President Vladimir Putin and Saudi Crown Prince Mohammed Bin Salman come as Russia was said to be determined to start easing oil-output cu...
Top OPEC producers and their main allies have given a raft of conflicting messages about their next oil policy moves, making it particularly difficult to predict the outcome of the next OPEC+ meeting in early June. Remarks by Saudi Arabian Energy Minister Prince Abdulaziz bin Salman, the de-fac...
Zanganeh said, “For the time, the 176th meeting is slated to be held on the original date (June 25) and I disagree with changing the date to July 3 and 4 because of being busy.” “If the OPEC meeting is held on July 10-12, I would have no problem with it and will participate...
he added. markets are awaiting the opec+ meeting on sunday, with the producer group working on a complex deal that would allow it to extend some of its deep oil production cuts into 2025, sources told reuters. saudi arabia invited ministers to gather in person in ...
LONDON - An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting later on Wednesday, three OPEC+ sources told Reuters, following the producers' earlier decision to extend voluntary oil output cuts until June. The Organization of the Petroleum Exporting Countri...
RBOB GasolineJune contract: $2.42 per gallon, up 0.95%. Year to date, gasoline futures are up 14.3%. Natural GasJuly contract: $2.58 per thousand cubic feet, up 0.58% Year to date, gas has added 2.9%. OPEC+ members on Sunday are expected to review volunt...
Forbesprovidesthese details: 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 cha...
The financing will enhance ETG’s working capital, strengthen food systems and support the livelihoods of more than 600,000 smallholder farmers across sub-Saharan Africa.This is the OPEC Fund’s first sustainability-linked loan, a financing tool that ties lending terms to meeting environmental, ...