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Opec
Crude Oil
OPEC Cuts 2021 Oil Demand Outlook Again as Pandemic Impact Lingers
Global oil demand will rebound more slowly in 2021 than previously thought because of the lingering impact of the coronavirus pandemic, OPEC said on Monday, ham…
Crude Oil
Oil Production Cuts to End in Norway on December 31st
Throughout this year, Norway imposed oil production cuts to push up oil prices, as was reported by the Petroleum and Energy Ministry of the country.
Crude Oil
OMAN: November Crude Oil Production Slightly Exceeds OPEC+ Quota
China is by far the largest importer of Omani crude.
OPEC
Next OPEC+ Ministerial Meeting Reportedly Set For January 4
Oil prices are set for a volatile start to the new year, as the next OPEC+ group meeting on production policy is expected to be set for the first trading day, J…
Crude Oil
Global Oil Prices May Remain Range Bound Between $40-50 per Barrel in 2021
The news of a successful coronavirus has ignited the oil market again with crude price moving up mire than 20 per cent in a month to hover close to $50 a barrel…
Crude Oil
Fitch Sees Brent At $45 Next Year
Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly fro…
OPEC
Kazakhstan Supports Consensus in OPEC+ Agreement
The OPEC + countries decided to increase the supply of oil in January 2021 following a ministerial meeting of the organisation, which was held via videoconferen…
Oil Price
OPEC+ Working on Compromise for 2021 Oil Policy
The OPEC, Russia and their allies, a group known as OPEC+, had been widely expected to extend existing oil cuts of 7.7 million barrels per day (bpd).
Oil & Gas Trade
Brent Edges Higher as Opec+ Agrees More Moderate Production Increase
Oil prices crept up this evening after the Opec cartel and its allies agreed to a more gradual easing of production cuts next month.
OPEC
Opec+ Ministerial Meeting Rescheduled to 3 December
The two-day delay would allow representatives to hold further discussions targeting a consensus on the agreement, according to one of the delegates.
Oil Price
OPEC Warns of ‘Immense Challenges’ as Talks on Oil Production Cuts Continue
OPEC warned on Monday that the “immense challenges” caused by the Covid-19 pandemic were likely to persist into 2021, as the group of oil producers continues …
Oil Price
Oil Prices Set for Weekly Gain Ahead of OPEC+ Meeting
Oil prices were mixed on Friday but remained on course for a fourth straight week of gains ahead of an OPEC+ meeting early next week.
Crude Oil
The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandem…
SINOPEC
Fitch Affirms Sinopec at ‘A+’; Outlook Stable
Fitch Ratings has affirmed China Petroleum & Chemical Corporation’s Long-Term Foreign- and Local-Currency Issuer Default Ratings at ‘A+’.
Oil Field
Repsol Sinopec Preparing for Decommissioning of UK North Sea Field
Oil and gas company Repsol Sinopec has received approval from the UK authorities for preparation work scopes plan relating to the decommissioning of the Fulmar …
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