OPEC

(Reuters) – Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a note on Friday. OPEC+ has agreed to delay a planned oil output increase for October and November, the producers group said on Thursday after crude prices …

Goldman Sachs Expects OPEC+ Production Increases to Start in December Read More »

JPMorgan expects OPEC+ to maintain its current production levels for at least another year, leading to an average price of $75 for Brent crude in 2025, JP Morgan said in a note on Thursday. The Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, on Thursday said they agreed to delay a …

JPMorgan Sees OPEC+ Holding Output Steady for Another Year Read More »

(Reuters) – OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9 months, three sources from the producer group told Reuters on Wednesday. Oil prices have been falling together with other asset classes on concerns about a weak global economy and particularly soft data from …

OPEC+ Discussing Delay to Planned Oil Output Hike in October Read More »

LONDON, Aug 22 (Reuters) – In the next few weeks, Saudi Arabia and its OPEC⁺ allies must take a delicate decision about whether to proceed with planned production increases from October, or postpone them because of an uncertain economic outlook. The recent slides in front-month Brent futures prices, calendar spreads and refinery margins, amid concerns …

OPEC⁺ Faces Moment of Truth on Planned Output Increase: Kemp Read More »

By Olesya Astakhova, Ahmad Ghaddar, Alex Lawler and Maha El Dahan Russia comfortable with current oil prices Algeria sees demand on upward trend in coming weeks Still some weeks to decide on hike, says source close to OPEC+ MOSCOW/LONDON, Aug 1 (Reuters) – A meeting of top OPEC+ ministers has kept oil output policy unchanged …

OPEC+ Sticks to Oil Policy, Repeats Could Pause Oct Hike Read More »

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler Top OPEC+ ministers to meet online on Aug. 1 Brent crude prices have lost about 9% in July OPEC+ plans to raise output from October MOSCOW/LONDON, July 30 (Reuters) – An OPEC+ panel is unlikely this week to make any changes to its current deal to cut …

OPEC+ Likely to Stick to Output Policy at Aug 1 JMMC Meeting Read More »