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Oil Watchers Expect OPEC+ to Extend Supply Cuts Into H2
02 May 2024 14:46 GMT
… traders shrug off hostilities between Iran and Israel, while the … on Ukraine.
Price Pressures
If OPEC+ relaxes the supply restraints, … to punish speculators. Several OPEC+ delegates privately said it’ … last month.
Meeting Commitments
OPEC+ will also need to …
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OPEC Oil Production Stays Steady, Leaving New Cuts Unfinished
01 May 2024 15:26 GMT
… were offset by reductions in Iran and Nigeria.Article content
… African nation is exempt from OPEC+ targets while its oil … a shattered economy.Article content
Iran and Nigeria each pared supplies … a day.
The 22-nation OPEC+ alliance — which spans other …
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Basrah crudes show a downtick following OPEC's voluntary supply cut
01 May 2024 13:00 GMT
… a Reuters survey, Iraq, Iran, and Nigeria experienced a … as agreed within the broader OPEC+ alliance.
In March, Iraq … to compensate for exceeding its OPEC target. However, recent … sanctions, Iran recorded one of the largest production increases within OPEC in …
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OPEC oil output falls in April, led by Iran and Iraq, survey finds
30 Apr 2024 23:52 GMT
… reflecting lower exports from Iran, Iraq and Nigeria against … the wider OPEC+ alliance.
The Organization of the Petroleum Exporting Countries pumped 26 … survey found.
Output in Iran, exempt from quotas, … survey found. Iran posted one of OPEC’s biggest output …
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US and Saudi close to agreeing ‘plan B’ defence pact without Israel deal
02 May 2024 14:45 GMT
… relationships.
As leaders of the Organization of the Petroleum Exporting Countries (Opec), Saudi Arabia and Russia … mediated Riyadh’s reconciliation with Tehran, Washington’s regional antagonist.
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Iraq reduces OPEC oil production
30 Apr 2024 21:54 GMT
… agreed within the broader OPEC+ alliance.
The survey indicated … March average total.
Several OPEC+ members agreed to voluntary … to compensate for exceeding its OPEC target. However, recent … , Iran recorded one of the largest production increases within OPEC in …
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OPEC’s Oil Production Falls in April
30 Apr 2024 21:45 GMT
… were released on Tuesday, OPEC’s crude oil production … production decreases, according to OPEC’s secondary sources, with … Arabia and Iran saw the largest production increases.
OPEC’s … , according to OPEC’s published schedule.
The OPEC+ coalition, spearheaded …
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Iran Faces Slower Oil Exports And GDP Decline, IMF Projects
30 Apr 2024 10:54 GMT
… International Energy Agency and OPEC had projected Iran’s oil production growth … deficits.
Recently, the Iranian Central Bank (CBI) reported … rates. Additionally, the Iranian government's foreign debts … This suggests that Iran';s actual inflation rate …
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HPCL, BPCL, IOC shares gain up to 7% after crude oil prices cool off May 2, 2024 12:46 PM 3 Min Read
02 May 2024 07:37 GMT
… slipping further, output by the Organization of the Petroleum Exporting Countries (OPEC) was seen falling by … Tuesday, reflecting lower exports from Iran, Iraq and Nigeria against a … members agreed with the wider OPEC+ alliance.
With Reuters inputs
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Oil Prices Drop Below $80 After US Oil and Petroleum Reserve Reach Highest Level
01 May 2024 18:31 GMT
… highest level since October following Iran';s unprecedented attack on … , Says World Bank
While OPEC+ (Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing nations) supply …