OPEC

Oil Markets Baffled As The Iea Calls For More Production

Oil Markets Baffled As The IEA Calls For More Production Authored by Cyril Widdershoven via OilPrice.com, In its latest Monthly Oil Report, the IEA called on OPEC+ to increase production in order to counter higher demand in...

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Macro Briefing: 2 June 2021

* First human case of H10N3 bird flu reported in China * World’s largest meat supplier is latest victim of ransomware attack * OPEC+ oil producers agree to stick to gradually ease supply curbs * Biden suspends oil drilling in Alaska’s Arctic...
Related topics: China, Joe Biden, Arctic

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Daily Briefing: Energy Surges As Opec+ Strikes Bullish Tone On Demand

Daily Briefing: Energy Surges as OPEC+ Strikes Bullish Tone on Demand Real Vision senior editor Ash Bennington welcomes back Tony Greer of TG Macro to revisit his thoughts on commodities as Brent and WTI futures reach new relative...

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Oil Prices Near 2-year Highs Above $70 As Investors Expect Opec+ To Confirm Its Supply Policies

Thossaphol/Getty Images Oil prices rose above $70 barrel and neared a 2-year high on Tuesday. Investors are expecting OPEC+ to confirm it will keep restricting supply at a key meeting. Iranian geopolitics and post-pandemic economic recovery have...

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What Is The Bitcoin Mining Council? Elon Musk Says Group Will Publish Energy Transparency Reports

No, it’s not the “OPEC of bitcoin.” Instead, it’s the crypto equivalent of the Council of Elrond. If you follow the crypto market you may have heard the term Bitcoin Mining Council floating around in the last 24 hours....
Related topics: Bitcoin

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Chinese Sovereign Wealth Fund Eyes Stake In Aramco

Chinese Sovereign Wealth Fund Eyes Stake In Aramco As the production cuts agreed to by OPEC+ drive oil prices higher amid a broad-based commodity boom, China's sovereign wealth fund China Investment Corp is eying a major investment in...
Related topics: China

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Wti Dips After Surprise Crude Build

WTI Dips After Surprise Crude Build Oil prices rallied today, with WTI back above $63 as the OPEC+ Joint Ministerial Monitoring Committee came and went without issue (discussing the desire to gently raise production as demand comes...

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Opec+ Monitoring Committee Meeting Preview

OPEC+ Monitoring Committee Meeting Preview Submitted by Newsquawk JMMC/OPEC+: Members are seen maintaining production quotas, but surprises cannot be dismissed; JMMC to meet today at 13:00BST/08:00EDT The JMMC will convene today at...

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Oil Jumps 5% As Decline In Us Inventories Follows Brighter Demand Outlook From Opec

Workers drill at the Saudi Aramco oil field complex facilities. Reza/Getty Images West Texas Intermediate and Brent oil prices stepped up to three-week highs on Wednesday. US data showed weekly oil supplies fell by 5.9 million barrels,...

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Wti Holds Gains Above $60 After Mixed Inventory Data

WTI Holds Gains Above $60 After Mixed Inventory Data Oil prices rallied today, with WTI back above $60, on the back of a weak dollar and encouraging China trade data. Early weakness on the JNJ news was quickly brushed off as OPEC...
Related topics: China

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Why You Are Paying More For Gas Right Now

Stephen Silver Oil Prices, Americas The receding of the pandemic has led to a rebound in oil prices, and now a report by OPEC sees oil demand rising this year. The coronavirus pandemic, among other effects, led to a  massive drop in the demand...

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Crude Is Crashing

Crude Is Crashing After its exuberant rip on the day that the latest OPEC+ deal was announced last week, crude prices have collapsed, with WTI plunging back below $60, as reality sets in on what that supply surge really means (combined...

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Oil Gives Up Gains As Opec+ Reportedly Agrees To Gradual Output Hikes

Oil Gives Up Gains As OPEC+ Reportedly Agrees To Gradual Output Hikes Update (1130ET): The leaks are coming thick and fast now with reports that delegates have agreed to gradually raise output over the next few months. Amena Bakr...

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What To Expect From Today's Opec+ Meeting: Another Saudi Surprise?

What To Expect From Today's OPEC+ Meeting: Another Saudi Surprise? After Wednesday's JMMC meeting ended without reaching a recommendation (as is customary and expected), the key decision-making OPEC+ meeting - where ministers will...

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Wti Holds Losses After Surprise Crude Build

WTI Holds Losses After Surprise Crude Build Oil prices extended their losses today as a panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021 after Saudi Arabia suggested that the figure looked too high....
Related topics: Saudi Arabia

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Can Opec Rescue The Planet?

“In less than 100 years,” Mohammad Reza Pahlavi, the shah of Iran, told The New Republic in 1973, “this oil business will be finished.” Today, we face a different type of reckoning. Oil won’t run out anytime soon. But time could.According...
Related topics: Iran

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3 Energy Stocks To Buy Right Now

Higher oil prices have made investors interested in energy stocks again. Dual forces of less demand and excess supply that created a rout in oil prices last year seem to have flipped positions this year. OPEC's production cuts, now extended through...

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What’s Next For Oil And Gas?

US energy policy shifts- Less output on the horizonNearby NYMEX crude oil futures rise to a new high and break out to the upsideHigher lows in natural gasCrude oil production declines in the US- OPEC helps the rallyNatural gas inventories are...

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Opec+ Strategy: Saudis Feel Confident As Covid & Joe Biden Put A Curb On Us Shale Industry

Brent crude rose above $69 per barrel on Friday on the news that OPEC+ won't be easing production cuts in the near future, contrary to market expectations. The question is: will US shale rebound to capitalise on rising oil prices, thus upsetting...
Related topics: Joe Biden

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Oil Spikes As Opec+ Meeting Starts, Saudi Oil Minister Urges "supply Caution",...

Oil Spikes As OPEC+ Meeting Starts, Saudi Oil Minister Urges "Supply Caution", "Vigilance" After an inconclusive OPEC+ JMMC session yesterday failed to reach any definitive agreement on oil output, moments ago the closely watched OPEC+...

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