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OPEC+ confirms to continue previously-agreed output plan
- Next meeting of OPEC and non-OPEC members is scheduled for May 5
OPEC+ keeps production unchanged for March
- Next meeting of OPEC and non-OPEC members is scheduled for March 2
OPEC+ sticks to existing production policy for February
- Next meeting of OPEC and non-OPEC members is scheduled for Feb. 2
Saudi King says OPEC+ production deal ‘essential’
- Major oil producers of OPEC+ are scheduled to meet next week to decide an output scheme in February
OPEC+ extends existing production policy for January
- Next meeting of OPEC and non-OPEC members is scheduled for Jan. 4
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
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+ sticks to existing production policy for December
- Next meeting of OPEC and non-OPEC members is scheduled for Dec. 2
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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 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 keeps 2021 global oil demand forecast unchanged, revises up for 2022
- Crude output rises mainly in Iraq, Saudi Arabia, but decreases in Nigeria, says OPEC
OPEC+ finally solves output rise impasse after settling disputes with UAE
- Group agrees to rise output by 400,000 from August onwards, approving UAE’s request to raise its production baseline
OPEC+ calls off meeting until further notice
- Division between OPEC+ members and United Arab Emirates over latter's demand for higher production level led meeting dissolve third time
OPEC+ postpones meeting for second time to continue on Monday
- Group was supposed to decide on their output quota as of August
OPEC forecasts 6% increase in global oil demand in 2021
- Crude output rises mainly in Saudi Arabia, Venezuela and Iran, but decreases in Nigeria and Angola, says OPEC
OPEC+ reaffirms prior decision to gradually ease output till July
- Next meeting of OPEC and non-OPEC members scheduled for July 1
Oil prices up over 3% for week ending April 30
- Positive oil demand forecasts help bullish oil prices while rising virus cases keeps demand fears fresh
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OPEC+ reiterates plan to raise oil output as of May 1
- Group will gradually increase production which will reach 5.8 billion bpd in July
Oil prices up by over 7% for week ending April 16
- Positive oil demand forecasts of OPEC, IEA and hefty drop in US crude stocks also help bullish oil prices
Oil prices up on estimated fall in US crude stocks
- Weaker dollar also exerts upward pressure on oil prices which are indexed to US dollar
Oil prices up due to positive market perception: Experts
-Markets welcome OPEC+ decision to gradually increase production as move perceived as ‘demand recovery’, not 'output rise’
OPEC+ agrees to gradually ease output from May to July
-Saudi Arabia's cuts will phase out by raising output by 250,000 bpd in May, 350,000 bpd in June and 400,000 bpd in July
2-month OPEC+ cuts rollover ‘best decision’: experts
- Any easing of cuts can weigh on prices especially if not matched by demand recovery, says Crystol Energy CEO Carole Nakhle
Global oil demand to increase 6.5% in 2021: OPEC
- Crude output rises mainly in Nigeria, Iraq, Iran, Venezuela and Libya but decreases in Saudi Arabia and Angola, says OPEC
OPEC+ meeting highlights Saudi's leadership
- Group, except for Russia and Kazakhstan, will continue production cuts for April