OPEC

Auto Added by WPeMatico

OPEC+ Agrees to Modest Oil Output Boost Even as US War on Iran Disrupts Shipments

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Summary OPEC+ agrees to raise output by 206,000 bpd US attacks on Iran kill Khamenei, Gulf oil flows disrupted Saudi Arabia and UAE have already raised exports, sources say OPEC has little spare production capacity, analysts say Hormuz needs to reopen for oil to reach markets, analysts say (Reuters) – OPEC+ agreed a modest oil …

OPEC+ Agrees to Modest Oil Output Boost Even as US War on Iran Disrupts Shipments Read More »

Geopolitical Turmoil Gives OPEC+ Cover for Cautious Output Hike

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Ron Bousso LONDON, Feb 26 (Reuters) – OPEC+ meets on Sunday to set its next production move amid heightened geopolitical friction affecting nearly a third of its output. That volatility may give the group cover to stick to its balanced-market narrative, even if the facts on the ground suggest otherwise. The group, which comprises the Organization of …

Geopolitical Turmoil Gives OPEC+ Cover for Cautious Output Hike Read More »

OPEC+ to Consider 137,000 bpd Oil Output Increase for April, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

(Reuters) – OPEC+ is likely to consider raising its oil output by 137,000 barrels per day for April, three sources with knowledge of OPEC+ thinking said as the group prepares for peak summer demand and a price boost from tensions between the U.S. and OPEC member Iran. The resumption of output increases after a three-month …

OPEC+ to Consider 137,000 bpd Oil Output Increase for April, Sources Say Read More »

Saudi Arabia Boosts Oil Output, Exports for US Attack on Iran Contingency, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, OPEC / By

(Reuters) – Saudi Arabia is increasing its oil production and exports as part of a contingency plan in case any U.S. strike on Iran disrupts supplies from the Middle East, two sources familiar with the plan said on Wednesday. The Saudi government media office did not immediately respond to a request for comment on the …

Saudi Arabia Boosts Oil Output, Exports for US Attack on Iran Contingency, Sources Say Read More »

Saudi Arabia Crude Exports Fall to Three Month Low in December

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

(Reuters) – Crude oil exports from the world’s largest oil exporter fell to 6.988 million barrels per day, down from 7.378 million bpd in November and its lowest since September, data from the Joint Organizations Data Initiative showed on Thursday. Saudi Arabia’s crude output stood at about 10.084 million bpd in December, its highest since …

Saudi Arabia Crude Exports Fall to Three Month Low in December Read More »

OPEC+ Leans Towards Resumption in Oil Output Increases From April, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler Eight OPEC+ members meet on March 1 OPEC+ has paused increases for first quarter of 2026 Brent crude price near highest since August Russia’s Novak predicts increased demand from March-April MOSCOW/LONDON, Feb 13 (Reuters) – OPEC+ is leaning towards a resumption in oil output increases from April, …

OPEC+ Leans Towards Resumption in Oil Output Increases From April, Sources Say Read More »

OPEC Data Indicate Small Q2 Surplus Ahead of Key OPEC+ Decision on Resuming Oil Output Hikes

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, US News / By

By Alex Lawler OPEC sees 400,000 bpd drop in demand for OPEC+ oil in Q2 vs Q1 OPEC+ is pausing production hikes in first-quarter 2026 OPEC+ eight members meet on March 1, expected to decide on resuming hikes For 2026, OPEC data indicates supply deficit, in contrast to IEA’s glut LONDON, Feb 11 (Reuters) – …

OPEC Data Indicate Small Q2 Surplus Ahead of Key OPEC+ Decision on Resuming Oil Output Hikes Read More »

OPEC+ Agrees in Principle to Keep Planned Pause in Oil Output Hikes for March, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

  (Reuters) – Eight OPEC+ countries have agreed in principle to maintain a planned pause in their oil output hikes for March, according to three OPEC+ sources and a draft statement seen by Reuters ahead of their Sunday meeting. The countries had agreed the pause in output hikes for the first quarter in November. The …

OPEC+ Agrees in Principle to Keep Planned Pause in Oil Output Hikes for March, Sources Say Read More »

OPEC+ Set to Keep Oil Production Pause for March as Prices Jump, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler OPEC+ likely to keep current output policy, sources say Brent crude prices rise to highest since August Kazakhstan’s Tengiz oilfield recovering from disruptions LONDON, Jan 30 – OPEC+ is likely to keep its pause on oil output increases for March when it meets on Sunday, five delegates …

OPEC+ Set to Keep Oil Production Pause for March as Prices Jump, Sources Say Read More »

Subscribe
Subscribe