OPEC

OPEC+ agrees to boost oil output after Saudi Arabia, UAE end standoff

OPEC+ agrees to boost oil output after Saudi Arabia, UAE end standoff

July 19, 2021

By Administrator_India Capital Sands OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others […]

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Oil Mixed, API Reports Surprise Draw in U.S. Crude Oil Supplies

OPEC+ oil output boost to leave market in precarious balance, IEA says

October 15, 2020

By Administrator_ India Capital Sands The outlook for oil “remains fragile” as the pandemic depresses demand, and OPEC’s plans to increase supply next year will leave global markets precariously balanced, the International Energy Agency said. “There is a risk that the demand recovery is stalled by the recent increase in Covid-19 cases in many countries,” the IEA said in its monthly […]

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