Tag: OPEC +
Oil prices rally above $75 as OPEC+ holds off on production...
Oil prices closed their differential and ended the week higher, as OPEC+ deferred a long-awaited meeting regarding future production increases.
After bridging their spreads and...
Global oil demand to reach pre-COVID level by 2022 end; IEA
Oil demand is set to rise above pre-pandemic levels by the end of 2022, the International Energy Agency (IEA) predicted, urging OPEC and its...
OPEC+ to ease production restrictions from May despite rising COVID-19 cases
OPEC+, an international collective formed by the Organization of the Petroleum Exporting Countries (OPEC) along with Russia and their allies, have decided to continue...
Saudi Arabia, Iraq unveil $3bn fund for development
Saudi Arabia will invest $3 billion in a new joint fund with Iraq to support private sector growth.
According to the Kingdom, the joint fund...
OPEC+ decides to keep global oil supply in check; Prioritizes recovery
Saudi Arabia and its OPEC+ (Organization of the Petroleum Exporting Countries) allies has shocked the oil market with a decision to keep supply in...
Oil set to make gains ahead of OPEC+ meeting
Thanks to continued tightening in the markets, oil is set to make further gains this week ahead of a meeting of OPEC+ (Organization of...
Industry analysts and economists remain bullish on oil prices in 2021
While a monthly poll conducted among trade analysts and economists projects the Brent Crude prices to hover around $50.67 a barrel in 2021, lower...
OPEC+ faced with crucial decisions after a tough 2020
As one of the most stormy years in oil’s history ends, an important task now awaits OPEC+ (Organization of the Petroleum Exporting Countries).
The alliance...
