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Tag: opec
OPEC Chief: Oil Prices Will Not Plunge Again
2020-10-15 15:50:25| OGI
Barkindo says the OPEC+ partnership will ensure that prices will not relapse.
OPEC Again Cuts 2021 Oil Demand Forecast as Virus Cases Rise
2020-10-13 15:02:31| OGI
Demand will rise by 6.54 million barrels per day (MMbbl/d) next year to 96.84 MMbbl/d, OPEC said in a monthly report.
OPEC, in Major Shift, Says Oil Demand to Plateau in Late 2030s
2020-10-08 15:13:15| OGI
World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Oct. 8, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.
OPEC Oil Output Rises for Third Month on Libya Restart, Iran
2020-10-01 11:20:00| OGI
An increase in OPEC supply since August and concerns of a new demand hit as coronavirus cases rise have weighed on oil prices, which have fallen 10% in September to near $40/bbl.
OPEC Watching Libyan Oil Restart Closely for Deeper Supply Cuts
2020-09-21 22:25:00| OGI
OPEC member Libya is exempt from cutting oil output under a deal by OPEC and allies, known as OPEC+. A restart in Libya supply could force other producers to make further reductions to support prices.
Tags: supply
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