Browsing: OPEC
Oil prices drop on Wednesday over mounting pressures on demand…
Trump’s health update eased uncertainty in global markets, pushing Brent up to $40.11…
Oil Price Falls on Mounting COVID-19 Cases, Supply Concerns
Oil rises after OPEC warn members to stick to quotas Oil prices rose for a fourth day in a row…
Brent Crude Price Drops amidst Uncertainty around Demand Brent crude future drops 33 cents to $45.12 earlier on Wednesday amidst…
Oil Prices Ease as OPEC, Allies Agree to Scale Back Production Cut. Oil prices eased on Thursday after the Organisation for Petroleum Exporting Countries (OPEC) and allies, such as Russia, agreed to taper record supply curbs from August.
Oil prices climb on improve demand in United States. Oil prices rose on Wednesday after an industry report showed crude stockpiles in the United States staged a bigger drop than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world.
Compensation Plans for Oil Cut: OPEC+ sets Deadline for Nigeria, Others. For failure to comply fully with oil output cut, the Organisation of Petroleum Exporting Countries (OPEC+) has set June 22 as deadline for non-compliant member on the oil output cut to submit their compensation plans.
Brent Crude Price Drops Ahead of OPEC Technical Meeting. Ahead of schedule meeting of the Oil cartel, the price of crude dropped this morning amidst fear of second wave of coronavirus in China.
OPEC+ set for talks on extending oil reduction deal. The Organisation of the Petroleum Exporting Countries (OPEC) and allied oil producers are scheduled to conduct negotiations on Saturday, Russia’s Energy Ministry and sources in Vienna said.