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A service for global professionals · Wednesday, July 28, 2021 · 547,442,727 Articles · 3+ Million Readers
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Kuwait OPEC Newswire

  • Published on 12:49 GMT

    India seeks reasonable price, better commercial terms from oil producers

    India has asked crude oil producers, including OPEC, to price oil at reasonable rates and to provide better commercial terms like enhanced credit period, Minister of State for Petroleum and Natural Gas Rameswar Teli told the Rajya Sabha on Wednesday. …

    Source: Economic Times - Uncategorized
  • Published on Jul 25, 2021

    VLCC Owners Stand to Gain from OPEC’s Decision to Raise Crude Oil Production

    Owners of the largest crude oil tankers stand to gain from the recent OPEC’s decision to increase production. In its latest weekly report, shipbroker Gibson said that ‘so, after several weeks of behind the scenes talks and political wrangling, the OPEC+ …

    Source: Investing.com - Uncategorized
  • Published on Jul 23, 2021

    Beyond Hormuz: Tehran opens an oil terminal in the Gulf of Oman

    Outgoing President Rouhani says the goal is to "avoid the Strait" which is now "strategically vulnerable". The new terminal shows "the failure" of US sanctions. Oil Minister: billion investment. Agreement on crude oil …

    Source: Asia News - Uncategorized
  • Published on Jul 22, 2021

    What Does The New OPEC+ Deal Means For Oil Markets?

    Following the dispute between OPEC+ and UAE over the past couple of weeks, the group had managed to strike a deal last week after adjusting the production baselines of several countries. The major breakthrough here is that the OPEC+ group has managed to …

    Source: Investing.com - Uncategorized
  • Published on Jul 22, 2021

    Higher production to weigh on oil prices, say analysts

    Higher crude oil production by the Organisation of the Petroleum Exporting Countries and its allies will weigh on prices, analysts at Capital Economics, a London-based economic research firm, have said. They said the OPEC+ agreement, signed on Sunday, …

    Source: Punch - Neutral
  • Published on Jul 22, 2021

    Mixed Signals On Oil Demand, Shifting OPEC+ Policy Driving Price Volatility

    The oil market has seen some extreme volatility this week. Some of it was due to OPEC's internal politics and the way the cartel chose to resolve the recent production impasse. Lack of clarity over demand signals has been an additional catalyst. Here…

    Source: Investing.com - Uncategorized
  • Published on Jul 21, 2021

    COVID-19 Delta variant crashes oil prices below $70

    Oil prices tumbled below $70 as traders grappled with the demand implications of COVID-19 Delta variant spreading globally, as some countries plan reintroduction of lockdown measures to curb the highly contagious new strain. Brent crude, the international …

    Source: New Telegraph - Neutral
  • Published on Jul 20, 2021

    Why Saudi Arabia Hiked Oil Prices So Aggressively

    The failure of the OPEC+ talks and the subsequent (albeit gradual) rapprochement of the sides coincided with Middle Eastern NOCs setting their August 2021 official selling prices. The connection between the OPEC+ talks and Saudi Arabia’s expectations was …

    Source: Auto Manufacturers - Uncategorized
  • Published on Jul 20, 2021

    Asia crude oil: Key market indicators July 19-23

    Crude oil futures dived during midmorning trade in Asia July 19 on news that the OPEC+ will increase its production quotas, with sentiment also soured by the reimposition of mobility restrictions following the rapid spread of the delta variant of the …

    Source: Investing.com - Uncategorized
  • Published on Jul 20, 2021

    Oil: What’s Next For OPEC’s ‘Dirty Harry?’

    “I’m going to make sure whoever gambles on this market will be ‘ouching’ like hell',” Saudi Energy Minister Abdulaziz bin Salman vowed back in September, in a threat aimed at oil bears.  Promising to make crude prices as “jumpy” as possible for those …

    Source: Investing.com - Uncategorized
  • Published on Jul 18, 2021

    OPEC+ agrees on modest output boost from August

    KUWAIT: Kuwaiti Oil Minister Mohammad Al-Faris takes part in the OPEC+ meeting yesterday. – KUNA VIENNA: The world’s leading oil producers agreed yesterday to continue to modestly boost output from August, after the United Arab Emirates blocked a deal …

    Source: Kuwait Times - Uncategorized
  • Published on Jul 20, 2021

    What's Next For Oil After The New OPEC+ Deal

    The recent OPEC+ meeting ended with an agreement that would gradually increase the cartel’s monthly production until in late 2022 all of the 9.7 mm BOPD that had originally been withheld from the market, was restored. There was already an agreement in …

    Source: Investing.com - Uncategorized
  • Published on Jul 19, 2021

    Oil plunges to $68, Nigeria seeks increased production quota

    ’Femi Asu with agency report Published 20 July 2021 The international oil benchmark, Brent crude, tumbled below the $70 per barrel mark on Monday after the Organisation of the Petroleum Exporting Countries and its allies agreed to increase their production …

    Source: Punch - Neutral
  • Published on Jul 19, 2021

    Oil Futures Sink as Delta Resurgence Counters OPEC+ Deal

    The U.K. government announced on Friday that fully vaccinated travelers arriving from France must continue to quarantine because of the threat posed by the Beta variant -- first discovered in South Africa four months ago. In France, President Emmanuel …

    Source: Progressive Farmer - Neutral
  • Published on Jul 19, 2021

    OPEC cartel to boost supply in August

    Details have emerged on the deal in which oil producing nations have agreed to increase their output, with the aim of  reducing prices. The Opec cartel and partners such as Russia will boost supply from August after prices climbed to two-and-half-year …

    Source: Radio Jamaica - Neutral
  • Published on Jul 19, 2021

    Everything You Need To Know About OPEC’s New Agreement

    OPEC+ agreed on Sunday exactly how the group should proceed with its oil supply management in the coming months, putting an end to a two-week stalemate over baseline production levels. The group hopes that this new united front will reassure the markets …

    Source: Investing.com - Uncategorized
  • Published on Jul 19, 2021

    Perfect Storm Hits Oil as OPEC Deal Collides With New Covid, Growth...

    By Barani Krishnan Investing.com - Abdul Aziz bin Salman is probably wishing that he didn’t have that July OPEC+ meeting after all. No sooner had the Saudi energy minister and his 22 colleagues in the global oil production cartel announced output hikes on …

    Source: Investing.com - Uncategorized
  • Published on Jul 19, 2021

    OPEC, allies raise limits to end oil dispute

    DUBAI (AP): OPEC and allied nations agreed Sunday to raise the production limits imposed on five countries next year and boost their production by two million barrels per day by the end of this year, ending a dispute that roiled oil markets. The …

    Source: The Gleaner - Neutral
  • Published on Jul 19, 2021

    OPEC and allies find common ground after crude oil dispute

    Dubai, United Arab Emirates The Organization of the Petroleum Exporting Countries (OPEC) and allied nations agreed Sunday to raise the production limits imposed on five countries next year and boost their production by 2 million barrels per day by the end …

    Source: Christian Science Monitor - Neutral
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