Oil alliance OPEC+ zeroes in on group compliance after postponing output hike
Two OPEC+ delegates, who could only comment anonymously because of the sensitivity of the talks, told CNBC that the coalition has sharpened its focus on the conformity of its members. Undercompliance has been a repeat bane of the OPEC+ alliance,
Oil Price Expected to Weaken If OPEC+ Hikes Supply
Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting from December is adding to market nervousness.
OPEC+ set to go ahead with Dec oil output hike, sources say
OPEC+ is set to go ahead with a December oil output increase as its impact will be small should a plan for some members to make larger cuts to compensate for overproduction be delivered in September and later months,
OPEC+ Confirms it Has No Specific Price Target For Crude Oil
Despite recent rumors, sources within OPEC+ have confirmed there's no specific price target for crude oil, including the oft-discussed $100 per barrel
OPEC+ set to go ahead with December oil output hike, sources say
The output increase in December is not about regaining market share, it is about a small number of countries phasing out their voluntary output cuts, one of the OPEC+ sources said
Oil prices slide 3% on prospect of more OPEC+ oil
Oil prices fell more than 3% on Thursday on a Financial Times report that Saudi Arabia, the world's top crude exporter, will give up its $100 price target in preparation for raising output, along with OPEC members and allies in December.
Can OPEC+ Prevent Another Rout in Oil Prices?
The OPEC+ alliance faces increasing challenges in countering the prevailing bearish sentiment in oil markets, with limited options for further production cuts and weak demand prospects.
Arab Times2h
OPEC+ halts gradual production increase amidst declining prices
Such a level will make it very hard to bring up further news regarding the low demand for oil from China, and the ongoing ...
The Cheating Game Inside the OPEC+ Oil Cartel
OPEC+ officials love to make Hollywood film references. Need to bash renewable energy? Gone With the Wind. Attack whoever ...
Rigzone1d
What is Likely to Happen at Next OPEC+ Meeting in December?
A statement posted on OPEC’s website on June 2 revealed that the 38th OPEC and non-OPEC Ministerial Meeting will be held on ...
Oil reports weekly loss on OPEC+ supply bets against China’s fresh stimulus; WTI down 5%, Brent sheds 3% to $71
Oil reports weekly loss on OPEC+ supply bets against China’s fresh stimulus; WTI down 5%, Brent sheds 3% to $71 ...
OPEC+ Faces a New Problem: A Texas Gas Pipeline
Money, Power and the Traders Who Barter the Earth’s Resources.” Eager to avoid paying record amounts to sell their gas, shale ...
Saudi Arabia to drop $100 crude target to win back market share, FT reports
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output ...
OPEC+ not planning any talks on oil production, says Russia
OPEC+ is not planning any immediate talks around oil production cuts or increases, according to a senior Russian Government ...