 |
Opec+ countries announce additional 2.2m bpd voluntary cutsThe Organisation of the Petroleum Exporting Countries (Opec) Secretariat has announced that several Opec+ countries have agreed to additional voluntary cuts to the total of 2.2 million barrels per day, aimed at supporting the stability and bal More… |
 |
Brent could average $60 to $80/bbl to 2027, says reportBrent prices will need to average $60 to $80/bbl to keep the global oil market in balance out to 2027, says a BofA Global Research report. The report says it expects more energy price inflation and more v More… |
 |
Oil likely to hit triple digit in 2022 on tight market: KamcoSeveral estimates now suggest oil reaching triple digit market this year as supply struggles to cope up with rising demand led by years of underinvestment coupled with retrained supplies from not just Opec but even non-Opec producers worldwide, More… |
 |
Oil expected to decline to $64 by year-end: MUFGBrent is expected to regress lower from $75 per barrel (/b) in the second quarter (Q2) of the year to end Q3 and Q4 2021 at $73/b and $64/b, respectively, and to average $58/b in 2022, a report said. Oil prices have remained firm More… |
 |
Physical shortage propelling oil prices higher: MUFGA combination of constructive demand growth stemming from vaccines, stimulus and reopenings and inelastic supply outside of core Opec+, has kept oil markets in firm deficit territory, continuing to propel prices higher, a report said. More… |
|
Physical shortage propelling oil prices higher: MUFGA combination of constructive demand growth stemming from vaccines, stimulus and reopenings and inelastic supply outside of core Opec+, has kept oil markets in firm deficit territory, continuing to propel prices higher, a report said. More… |
 |
Oil market ‘may recover to pre-crisis level in 2021’The emergence of coronavirus vaccines on the global market is helping to restore oil demand, and the market may return to pre-crisis parameters during 2021, Russian Deputy Prime Minister was quoted as saying in a media report. &qu More… |
 |
Balanced, stable oil market is a prerequisite: Opec-RussiaA balanced and stable oil market is a prerequisite for post-pandemic recovery, adequate investments and future prosperity for consumers and producers alike. This was affirmed at the Seventh High-level Mee More… |
 |
Opec turns 60, remains focused on balanced, stable oil marketThe Organisation of Petroleum Exporting Countries (Opec) stands ready to meet the many challenges it will face as it enters the next six decades of its history, affirmed the Vienna-based organisation on the occasion of its 60th anniversary on More… |
 |
Saudi, US, Russian leaders discuss co-operation for oil market stabilitySaudi Arabia yesterday (April 10) jointly reviewed along with US and Russia, the exerted efforts in the light of the meeting of Opec+ countries, which announced a tentative deal to reduce production by 10 million barrels per day in May and Jun More… |
