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OPEC+ discusses output hike in preparation for next meeting
WEDNESDAY, JUNE 23, 2021
OPEC+ is discussing whether to further boost production at next weeks meeting as the oil market looks increasingly tight.
OPEC+ sees tight oil market as ministers set for supply talks
TUESDAY, JUNE 01, 2021
A year after shuttering unprecedented volumes of crude, the OPEC+ alliance is expecting world oil markets to get acutely tight.
OPEC+ is poised to cool oil market with extra production
THURSDAY, MARCH 04, 2021
OPEC+ is poised to agree a production increase this week as it seeks to cool a rapid rally in crude prices.
OPEC+ pledges to pursue speedy rebalancing of oil market
FRIDAY, FEBRUARY 05, 2021
OPEC+ said it will keep pushing to quickly clear the oil surplus left behind by the pandemic, a bullish signal for prices that have already surged to a one-year high.
Saudis surprise oil market with big unilateral production cut
WEDNESDAY, JANUARY 06, 2021
Saudi Arabia surprised the oil market with a large reduction in its output in February and March, carrying a greater burden of OPEC+ cuts while others hold steady or make small increases.
Saudi Arabia gains an edge in oil market after price plunge
WEDNESDAY, MAY 06, 2020
The uneasy truce that settled over oil markets this month as some of the world's largest producers began cutting output belies the raging competition among exporters seeking to preserve their share of a diminished market.
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