Edition:
International

Ahmad Ghaddar

OPEC+ struggles to pump more oil to meet rising demand

Sep 21 2021

LONDON (Reuters) -OPEC and its allies struggled again to pump enough oil in August to meet global demand as it recovers from the coronavirus pandemic, potentially adding to upward pressures on oil prices.

OPEC set to revise down 'optimistic' oil demand outlook -sources

Sep 10 2021

LONDON OPEC wil likely revise down its 2022 oil demand growth forecast on Monday, two OPEC+ sources said, as the spread of the Delta coronavirus variant puts the speed of a recovery in fuel use in doubt.

OPEC+ sticks to gradual oil output hikes, ups demand forecast

Sep 01 2021

LONDON/DUBAI (Reuters) -OPEC and its allies on Wednesday agreed to stick to their existing policy of gradual oil output increases, despite revising its 2022 demand outlook upwards and ongoing U.S. pressure to raise production more quickly.

OPEC+ sees tighter oil market until May 2022

Aug 31 2021

DUBAI/LONDON (Reuters) -OPEC+ expects the oil market to be in deficit at least until the end of 2021 and stocks to stay relatively low until May 2022, OPEC+ sources said on Tuesday, a day ahead of a policy meeting amid U.S. pressure to raise production.

OPEC+ sees no need to meet U.S. call for more supply, sources say

Aug 16 2021

LONDON (Reuters) -OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters.

Oil prices slip as Delta variant spread weighs

Aug 04 2021

LONDON Oil prices slipped on Wednesday as the spread of the coronavirus Delta variant in top consuming countries outweighed Mideast geopolitical tensions and a fall in U.S. inventories.

OPEC+ agrees oil supply boost after UAE, Saudi reach compromise

Jul 19 2021

MOSCOW/DUBAI/LONDON (Reuters) -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. | Video

OPEC+ abandons oil policy meeting after Saudi-UAE clash

Jul 05 2021

DUBAI (Reuters) -OPEC+ ministers called off oil output talks on Monday after clashing last week when the United Arab Emirates rejected a proposed eight-month extension to output curbs, meaning no deal to boost production has been agreed.

OPEC+ to resume oil policy talks on Monday after UAE roadblock

Jul 02 2021

LONDON/DUBAI/MOSCOW OPEC+ will resume talks on Monday after failing to reach a deal on oil output policy for a second day running on Friday because the United Arab Emirates blocked some aspects of the pact.

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