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A service for global professionals · Saturday, July 24, 2021 · 547,118,209 Articles · 3+ Million Readers
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South America OPEC Newswire

  • Published on 00:35 GMT

    Oil prices drop after Opec deal and Covid infections rise

    OIL led losses in a broad market selloff while a resurgent virus threatened the global economic recovery just as Opec+ agreed to boost crude supply. Futures in New York lost as much as 7pc yesterday, the biggest decline since March. Opec and its allies …

    Source: Big News Network - Neutral
  • Published on Jul 23, 2021

    Oil Prices Recover After Manic Monday

    Despite a major oil price crash on Monday, oil prices are now on course to close out the week more or less unchanged. Friday, July 23rd, 2021 The news of OPEC+ bringing back withheld production in August 2021, following through with 400kbpd monthly …

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

    Iran opens oil export terminal outside strategic strait

    LONDON: Iran has opened its first oil export terminal that does not require tankers to pass through the Strait of Hormuz, as it looks to expand its oil exports in contravention of US sanctions. Iranian Oil Minister Bijan Namdar Zanganeh proclaimed at the …

    Source: Arab News - Gov't Propaganda
  • Published on Jul 21, 2021

    China buys less Saudi crude as it slams the brakes on oil imports

    Saudi Arabia remained China's single largest crude oil supplier in June, ahead of Russia, although Saudi shipments to the world's top oil importer fell by 19% last month amid lower overall imports. In June 2021, China imported 1.75 million barrels …

    Source: Beijing News.net - Neutral
  • 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 19, 2021

    Oil Price Projections on the Rise

    Articles about jumping oil prices and a court filing by a refiner appear to have resonated last week among Rigzone’s downstream readers. Below are summaries of some last week’s top downstream-related articles in terms of page views. 2021 EIA Oil Price …

    Source: Rigzone - Neutral
  • 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 Prices Fall Sharply Amid Broad Market Selloff

    (Bloomberg) -- Oil was the biggest loser in a broad market selloff after OPEC+ agreed to boost crude supply as a resurgent virus shook investor confidence in the global economic recovery. Futures in New York fell 7.5% on Monday, the largest decline since …

    Source: Rigzone - 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
  • Published on Jul 19, 2021

    World’s Recoverable Oil Resources Shrinks By 9%

    Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the world’s energy landscape changed last year. Our 2021 review deals a major blow …

    Source: The Tide - Uncategorized
  • Published on Jul 19, 2021

    Covid Risk-Off Wave, England Freedom Day, OPEC Peace Deal - What's Moving Markets

    By Geoffrey Smith  Investing.com -- Surging Covid-19 cases trigger a wave of risk-off sentiment across the world, throwing England's "Freedom Day" into chaos and pushing crude oil prices back below $70  President Joe Biden accuses Facebook ( …

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

    A Peek Into The Markets: US Stock Futures Tumble Ahead Of Earnings Reports; Crude Oil Down

    Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones tumbled around 300 points in the previous session. Investors are awaiting earnings results from AutoNation, Inc. (NYSE: AN), Tractor Supply Company (NASDAQ: TSCO …

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

    Venezuela ratifies OPEC+’s oil stabilisation deal

    Venezuelan Oil Minister Tareck El Aissami announced that his country has officially consented to the oil market stabilisation agreement drawn up during the 19th ministerial meeting of the Organization of Petroleum Exporting Countries and its allies (OPEC …

    Source: CanIndia News - Neutral
  • Published on Jul 18, 2021

    OPEC, allies raise limits for 5 countries to end oil dispute

    OPEC member nations include Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the UAE and Venezuela. Members of the so-called OPEC+ include Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, …

    Source: The Washington Post - Neutral
  • Published on Jul 17, 2021

    Venezuelan Oil Output Continues Slow Recovery as Washington Approves LPG Imports

    Mérida, July 17, 2021 (venezuelanalysis.com) – Venezuela’s oil production grew for a second consecutive month and reached its highest level since May 2020. The latest OPEC monthly report had the Caribbean country’s June output at 529,000 barrels per day ( …

    Source: Venezuela Analysis - Left-wing
  • Published on Jul 16, 2021

    The Best 2 Stocks To Hold As Oil Prices Explode

    Crude oil was already having a banner year amid a faster-than-expected recovery from the pandemic. Now, with an OPEC compromise in place, there will be no oil price war, volatility will settle down, and oil could—once again—become Wall Street’s No. 1 …

    Source: Auto Manufacturers - Uncategorized
  • Published on Jul 16, 2021

    OPEC+ says oil demand may reach pre-pandemic level in 2022

    The Organization of the Petroleum Exporting Countries (OPEC) and allied producers project global oil demand to grow by six million barrels a day in the second half of 2021, reaching pre-pandemic levels by next year. According to the July report, global oil …

    Source: Big News Network - Neutral
  • Published on Jul 15, 2021

    Is The World Sleepwalking Into An Oil Supply Crunch?

    Where New Oil Supply To 2030 Will Come From And What It Costs THE EDGE - SIMON FLOWERS Under-investment in oil supply will lead to a tight oil market later this decade. It’s a narrative that’s gained increasing traction as capital expenditure on upstream …

    Source: Forbes - Neutral
  • Published on Jul 15, 2021

    Opec forecasts world oil demand reaching pre-pandemic level in 2022

    LONDON: The Organization of the Petroleum Exporting Countries (Opec) forecast on Thursday that world oil demand would rise in 2022 to reach a level similar to before the pandemic, led by growth in the United States, China and India. Opec said in its …

    Source: The Sun Daily - Neutral
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