Search For "opec"
OPEC+ extends output cuts through Q2; Russia announces additional reductio
Updated : 2 years ago IST
According to S&P Global Commodity Insights (GCI), this decision comes amidst ongoing efforts to stabilize oil markets and counteract increasing output from rival producers such as the US and Brazil.
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Asia's energy revolution: Surging non-OPEC+ crudes to reshape oil dynamics
Updated : 2 years, 1 month ago IST
According to S&P Global, while the geopolitical uncertainties and the red sea crisis persist, posing challenges to the region's oil inflows, many Asian buyers are exploring alternative supplies.
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Commodity watch: Global trends unveiled for OPEC Adjusts, EU carbon plumme
Updated : 2 years, 1 month ago IST
In its monthly market outlook, OPEC made slight adjustments to its members' required oil production estimates, trimming the "call" on its crude by 90,000 barrels per day (b/d) in 2024 and 110,000 b/d in 2025 compared to January's figures. Despite this, OPEC remains bullish on global consumpt
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OPEC+ output witnesses biggest drop in six months, falling short of agreed
Updated : 2 years, 1 month ago IST
In January, OPEC+ crude output witnessed a decline of 340,000 b/d, attributed partly to voluntary cuts implemented by some members and disruptions in Libya's largest oil field due to protests.
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OPEC Fund delivers record results in 2023 with USD 1.7 bn in development f
Updated : 2 years, 1 month ago IST
The OPEC Fund for International Development, a multilateral development finance institution headquartered in Vienna, Austria, expanded its new commitments to USD 1.7 billion across 55 projects globally in 2023, providing funding to address climate change and energy transition, support social
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South, South-East Asia petrochemical market faces weak outlook amidst slow
Updated : 2 years, 2 months ago IST
According to Fitch Ratings, this projection is driven by factors such as uncertain Chinese demand, a broader slowdown in global growth, and a prevalent oversupply of petrochemical products in the region.
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Global oil diplomacy 2024: Abundant crude supplies offer Biden strategic l
Updated : 2 years, 2 months ago IST
As per S&P Global, while US gasoline prices hold significance in an election year, experts suggest that increased global oil supplies, driven in part by enhanced US oil production, provide the administration with some flexibility in its approach to geopolitical challenges.
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India's energy odyssey: Navigating global oil challenges and forging a sus
Updated : 2 years, 3 months ago IST
The International Energy Agency's (IEA) Oil Market Report (OMR) stands as a beacon of insight into this labyrinthine landscape, offering authoritative data and timely analysis.
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S&P Global Commodity insights unveils in-depth 2024 energy outlook
Updated : 2 years, 3 months ago IST
According to S&P Global, against the backdrop of a turbulent global stage, characterized by economic deceleration and geopolitical uncertainties, the analysts provide insights into the delicate equilibrium between energy supply and demand.
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Fitch Ratings adjust oil and European gas price assumptions for 2024 and 2
Updated : 2 years, 3 months ago IST
Fitch Ratings has revised its near-term oil and European gas price assumptions, citing OPEC+'s sustained control over supply and ongoing dynamics in the energy market.
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Russian President Vladimir Putin to visit Gulf countries for first time si
Updated : 2 years, 3 months ago IST
Russian President Vladimir Putin will visit Saudi Arabia and the UAE for the first time since 2019, with meetings scheduled with Saudi Crown Prince Mohammed bin Salman al Saud and the President of the United Arab Emirates, Mohammed bin Zayed Al Nahyan on Wednesday, Russian news agency TAS
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UAE leverages oil power to push secretive oil companies on emission reduct
Updated : 2 years, 4 months ago IST
Environmentalists have criticised the initiative, led by Sultan al-Jaber, head of this year's climate talks and chief of the UAE's national oil company.
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