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Total 295 results found. Search for [ Organization of the Petroleum Exporting Countries ]

Results 1 to 21 of 295
Reuters
June 3, 2020
Opec+ agreed to cut output by a record 9.7 million barrels per day, or about 10 per cent of global output, in May and June to lift prices battered by plunging demand


Reuters
June 3, 2020
U.S. West Texas Intermediate (WTI) crude futures gained 68 cents, or 1.9%, at $37.49 a barrel. It rose to as much as $37.88, also the highest since March 6


Reuters
May 26, 2020
Brent crude futures were up nearly 1.7%, or 59 cents to $36.12, adding to a 1.1% gain on Monday in thin holiday trading


Reuters
May 4, 2020
Oil prices today: Brent was last trading around $25.97 at barrel, while WTI was at $18.31


Reuters
May 1, 2020
The global oil benchmark, Brent crude, has collapsed 60 per cent in 2020 and reached a 21-year low last month as the coronavirus pandemic squeezed demand and OPEC and other producers pumped at will before reaching a new supply cut deal


Reuters
April 30, 2020
Coronavirus update: The slump would lead to a drop in carbon dioxide emissions of 8%, six times larger than the biggest fall of 400 million tonnes recorded in 2009 following the global financial crisis, according to the IEA, which described its estimate as conservative


Reuters
April 29, 2020
While storage is rapidly filling up, production cuts by U.S. shale producers, estimated by consultants Rystad Energy at 300,000 barrels per day (bpd) for May and June, should help slow flows into tanks. The United States is now the world's biggest oil producer.


Reuters
April 29, 2020
Regulators in the U.S. state of Texas, the country's biggest oil producer, will hold a vote on May 5 on whether to enact output curtailments


Reuters
April 27, 2020
U.S. oil futures led losses, falling by more than $3 a barrel on fears that storage at Cushing, Oklahoma, could reach full capacity soon


Reuters
April 23, 2020
\"The big tanks where you pull a ship in and empty the whole thing, that's all gone. What you have is pots and pans,\" said Ernie Barsamian, chief executive of The Tank Tiger, a U.S. terminal storage clearinghouse


BusinessToday.In
New Delhi, April 20, 2020
In New York, West Texas Intermediate fell as much as 43.8 per cent to $10.26 a barrel, the weakest level since 1986


Reuters
April 20, 2020
Forecasts from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency on the outlook for oil consumption have reinforced the bearishness.


Reuters
April 20, 2020
Forecasts from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency on the outlook for oil consumption have reinforced the bearishness


Reuters
New Delhi, April 17, 2020
OPEC said in a monthly report it now expects global demand to contract by 6.9 million barrels per day (BPD), or 6.9%, in 2020 and noted the reduction may not be the last


Reuters
April 14, 2020
Organization of the Petroleum Exporting Countries, along with Russia and other producing countries - known as OPEC+ - agreed over Easter to cut output by 9.7 million barrels per day (bpd) in May and June, equal to about 10% of global supply before the viral outbreak


Reuters
April 14, 2020
The Saudi energy minister downplayed the move in oil prices on Monday, saying anticipation of the cuts was the reason for a rally in oil prices before the meeting. Since dipping below $22 a barrel two weeks ago, Brent has rebounded by roughly 48%.


Reuters
April 13, 2020
\"What this deal does is enable the global oil industry and the national economies and other industries that depend upon it to avoid a very deep crisis,\" said IHS Markit Vice Chairman Daniel Yergin


Reuters
New Delhi, April 13, 2020
Group, known as OPEC+, said it had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June, after four days of talks and following pressure from US President Donald Trump to arrest the price decline


Reuters
April 10, 2020
Global fuel demand has plunged by around 30 million bpd, or 30% of global supplies, as steps to fight the virus have grounded planes, cut vehicle usage and curbed economic activity


Reuters
April 8, 2020
Thursday's meeting between members of the Organization of Petroleum Exporting Countries (OPEC) and its allies, including Russia, is widely expected to be more successful than their gathering in early March


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