A majority of OPEC+ members including Saudi Arabia were opposed to increasing oil output again next month, while Russia was proposing the maximum supply hike allowed by the group’s agreement. The difference of opinion between […]
ENB Publishers Note: We expect cuts to be implemented as the COVID-19 cases continue to rise around the world, despite vaccine rollout. Follow Energy New Beat’s LIVE daily show at 2 PM MST everyday for […]
OPEC warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider whether to increase production. “The outlook for the first half of 2021 […]
With oil markets closed Jan. 1 for the New Year’s Day holiday, the next driver is likely to be the OPEC+ group meeting Jan. 4, when ministers will decide on production quotas for February. Russian Deputy Prime […]
OPEC+ will meet on 4 January to discuss market developments and determine production levels Russia and Saudi remain committed to the OPEC+ deal on production cuts, said Russian Deputy Prime Minister Alexander Novak, the nation’s […]
Energy News Beat Publishers Note: This will be one to watch – OPEC can not control their members – and Turkey, Venezuela, and Libya need cash. Is this the end of OPEC’s control of world […]
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