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OPEC+ aware of delicate market conditions amid new COVID variant
- No major policy change is expected at OPEC+'s ministerial meeting on Thursday when changing market conditions will be evaluated
IEA expects all-time record in renewable installations globally in 2021
- Renewable electricity growth accelerates faster than ever but further deployment is needed across all key sectors, report says
Russia says no rush for any revisions on OPEC+ output plans
- Russian Deputy Prime Minister Alexander Novak's remarks come three days before much-expected meeting of OPEC+ group
Oil edges higher over expectations of less OPEC+ output
- Emergence and spread of new COVID-19 variant Omicron puts pressure on oil prices
Oil down ahead of OPEC+ meet and amid US move to sell emergency stocks
- Worsening COVID-19 situation in EU countries and new variant in South Africa exerts downward pressure on prices
Oil down due to supply uncertainties, demand threats
- Rising COVID-19 cases and restrictions put pressure on already falling oil prices
US emergency oil reserves sale explained
- US plan to release oil from Strategic Petroleum Reserves needs to be larger and will only result in temporary relief, analytics firm says
Global oil output rises by 1.45% in October
- International Energy Agency keeps forecast unchanged for increase in global oil demand for this year and next year
OPEC revises down 2021 global oil demand, keeps it unchanged for 2022
- Crude output rises mainly in Saudi Arabia and Venezuela, but decreases in Nigeria and Gabon, OPEC says
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Oil increases as Aramco’s price rise signals bullish demand
- Aramco's decision to raise crude prices for Asian consumers comes one day after OPEC+ agreed to keep December output unchanged
Oil declines more than 3% in week ending Nov. 5
- Possible Iran-US nuke deal resumption and OPEC+ decision to keep output volume unchanged mainly responsible for price slumps
Oil mixed over OPEC+ decision to keep output rise unchanged
- Now focus is on US reaction as government had warned group that it would use all tools at its disposal if production is not increased
OPEC+ sticks to existing production policy for December
- Next meeting of OPEC and non-OPEC members is scheduled for Dec. 2
Oil dives ahead of OPEC+ meeting, and restart of US, Iran nuclear talks
- US commercial crude oil inventories also increase by 3.3 million barrels, putting pressure on slumping prices
Oil down over expected rise in US stocks, OPEC+ uncertainties
- US crude oil inventories are forecast to rise by over 3.6 million barrels, American Petroleum Institute figures show
Oil prices up as traders await OPEC+ output decision
- Group is expected to adhere to current production scheme of output boost of 400,00 barrels per day
Political motives lie behind US' call on OPEC+ to accelerate output: experts
- US is aware of OPEC+ spare capacity of around 6.5 million bpd and will continue political pressure on group and Saudis
IEA 2021/2022 oil demand forecast up from global switch to oil from coal, gas
- Supply crunch is impacting power generation plants, fertilizer producers, manufacturing operations and refineries, says IEA
Net zero emissions by 2050 will require up to six-times more minerals
- Lithium is estimated to see fastest growth with demand up over 100 times from current level through to 2050, IEA says
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OPEC revises down 2021 global oil demand, keeps it unchanged for 2022
- Crude output rises mainly in Nigeria, Saudi Arabia, but decreases in Venezuela, Libya, says OPEC
Oil up more than 5% in week ending Oct. 8 amid ongoing natural gas crisis
- OPEC+ decision to hold supply at current level, natural gas price hikes forcing producers to prefer relatively cheaper oil are among few factors that pushe oil prices up this week
Oil resumes gains over rising demand, shelving of US oil reserve sale
- US has world's largest strategic reserves of approximately 714 million barrels stored in huge underground salt caverns at four sites
OPEC+ reaffirms existing production policy for November
- Next meeting of OPEC and non-OPEC members scheduled for Nov. 4
OPEC to seek ways to minimize adverse effects of oil price hikes: expert
-Major oil producing countries are scheduled to hold ministerial meeting later on Monday to decide output November onwards
Governments need to move decisively to unlock growth for low-carbon hydrogen
- Global production of low-carbon hydrogen is currently minimal and not cost-competitive, a new IEA report says
04.10.2021
Renewable
High oil prices threaten already-fragile global energy markets
-Knock-on effect continues after soaring prices, induced by low supply, hit energy markets just as industries start recovering from effects of last year's demand shortfall
Oil to have largest share of global energy mix until 2045: OPEC
- World oil demand to rise by 17.6 million barrels up to 2045, OPEC says
IEA head Birol named on TIME 100 list of world's most influential people
- Whatever influence I may have, I want to use it to give world a fighting chance of limiting global warming to 1.5 °C, Birol says
15.09.2021
International Organization
