Interpretation Of OPEC"s New Production Quotas

OPEC+ Monitoring Committee Meeting Preview Submitted by Newsquawk JMMC/OPEC+: Members are seen maintaining production quotas, but surprises cannot be d.....»»

Even The President Of OPEC Didn"t Abide By Production Quotas.....»»

Concerns about a slowdown in global oil demand are a key to why oil prices stayed in check Friday, despite a decision by major oil producers to cut additional barrels from their production quotas in January......»»

Crude-oil production by the Organization of the Petroleum Exporting Countries was at 30.09 million barrels a day in June, unchanged from May, but the group's compliance with production quotas declined, according to an S&P Glo.....»»

Revised OPEC Production Quotas Won"t Derail Higher Oil Prices.....»»

OPEC and its allies led by Russia are discussing the idea of cutting oil output next year by reverting to production quotas agreed in 2016, Russia's TASS news agency reported on Wednesday,.....»»

If OPEC and its allies led by Russia agree to reduce oil output next year by reverting to 2016 production quotas, it would imply an OPEC-only supply curb of at least 1.2 million barrels per day (bpd), according to Reuters calculations......»»

Oil futures remain higher on Tuesday after reports said the Organization of the Petroleum Exporting Countries and its allies plan to keep their plan to gradually raise production in place, and cancel a meeting that was scheduled for Wednesday......»»

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The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, announced Thursday that they've reached an agreement that would see production gradually climb from May through July. Details o.....»»

At OPEC's meeting Saudi Arabia energy minister maintains cautious stance on oil production levels......»»

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See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Oil futures on Friday add to their gains, a day after the Organization of the Petroleum Exporting Countries and its allies, in a surprise move, said they would rollover current production cuts to the end of April......»»

The price of crude oil influences U.S. gasoline prices, already rising after February’s winter storms took 26 refineries offline. OPEC and allied countries are leaving most of their ex.....»»

Oil futures ended higher on Thursday, with U.S. prices at their highest since April 2019, FactSet data show. The Organization of the Petroleum Exporting Countries and its allies decided to keep its production cuts in place through April at its meeti.....»»

The Organization of the Petroleum Exporting Countries and their .....»»

Oil futures rallied Thursday.....»»

Oil futures rally Thursday by more than 5% after the Organization of the Petroleum Exporting Countries and its allies said they will rollover current production cuts to the end of April......»»

The price of crude oil influences U.S. gasoline prices, which are already rising after February’s winter storms took 26 refineries offline. OPEC could decide to increase production at today's meeting, which would ease pressure.....»»