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International

Alex Lawler

Platts says industry focuses on adding Sverdrup, WTI to Brent benchmark

Jul 21 2021

LONDON Oil pricing agency S&P Global Platts said on Wednesday that discussions with industry show opinion is focused on two possible additions to the dated Brent benchmark - Johan Sverdrup crude, and West Texas Intermediate (WTI) Midland crude.

OPEC sees world oil demand reaching pre-pandemic level in 2022

Jul 15 2021

LONDON (Reuters) -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+ yet to make progress in resolving impasse, sources say

Jul 13 2021

MOSCOW/LONDON OPEC+ is yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said.

Saudi-UAE still at impasse as Russia steps in to rescue OPEC+ deal

Jul 07 2021

MOSCOW/LONDON Russia is leading efforts to close divisions between Saudi Arabia and the United Arab Emirates to help strike a deal to raise oil output in coming months, three OPEC+ sources said, with OPEC and its allies yet to set a date for their next oil policy meeting.

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 oil output rises in June as demand recovers, survey shows

Jun 30 2021

LONDON OPEC oil output has risen in June as the group further eased supply curbs under a pact with its allies and as Iran's exports climbed amid ongoing talks on reviving its nuclear deal with world powers, a Reuters survey showed.

OPEC bullish on oil market recovery; virus variants pose risk

Jun 29 2021

LONDON/DUBAI (Reuters) -Global oil demand will rebound strongly in the second half of 2021 with oil inventories shrinking, OPEC's chief and experts said on Tuesday while warning that coronavirus variants pose a risk to the recovery.

Ahead of talks, OPEC forecasts point to oil supply deficit in August

Jun 28 2021

LONDON OPEC's forecasts point to an oil supply deficit in August and in the rest of 2021 as economies recover from the pandemic, suggesting the group and its allies have room to raise output at a meeting this week.

World News

'Pingdemic' puts Britain's food supply under strain

LONDON (Reuters) -British supermarkets said on Thursday that some products were in short supply and petrol stations had been forced to close after the official health app told hundreds of thousands of workers to isolate following contact with someone with COVID-19.