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HomeOPEC

OPEC

JMMC Energy News Beat
Crude Oil News

Oil prices dip ahead of OPEC+ meeting – Preliminary numbers are showing an estimated increase of 1.75 mbd with OPEC and OPEC + combined. -Updated 7:15 Eastern

March 4, 2021 Stu Turley

Energy News Beat Publishers Note: Should be fun watching the political discussions around the world on the OPEC + meetings today, and the impact on tomorrow’s OPEC meeting. The Energy News Beat team is looking […]

Opec+ JMMC ends with no recommendation -energynewsbeat
Crude Oil News

Opec+ JMMC ends with no recommendation

March 3, 2021 Stu Turley

The Opec+ alliance will meet tomorrow at 14:00 CET to discuss whether and how to amend the group’s production quotas from next month. The quotas were reduced to 7.05mn b/d below an October 2018 baseline […]

opec energynewsbeat
Crude Oil News

JMMC – No Recommendation to on production to OPEC+ and they are Poised to Cool Oil Market With Extra Production – Update 9:25 AM CST

March 3, 2021 Stu Turley

no recommendation from the JMMC #OOTT #Opec — Amena Bakr (@Amena__Bakr) March 3, 2021   Energy News Beat Publishers Note: Update from Rystad Energy and Amena Baker from Twitter. The Iran’s oil minister Zanganeh will […]

Oil Money- energynewsbeat
Crude Oil News

OPEC president says oil market rebalancing, pandemic still a risk

March 2, 2021 Stu Turley

Energy News Beat Publishers Note: Get the popcorn for Thursday and Friday. I am not taking bets on oil cuts/increases/remain the same. Reports are coming out in every different direction.  The global oil market is […]

rigs in winter - energynewsbeat.com
Commodities

India Urges OPEC+ to Raise Oil Output at This Week’s Meeting

March 2, 2021 Stu Turley

Energy News Beat Publishers Note: It is a good thing for India to voice its concern before Thursday and Friday’s meetings of OPEC. The policies for price manipulation have been tough to enforce, and increased […]

OPEC - energynewsbeat
Crude Oil News

US imports of OPEC crude plummet in December 2020

February 27, 2021 Stu Turley

Imports from Opec members averaged 336,000 b/d in December, down by 237,000 b/d from the previous month and a decline of nearly 1mn b/d from a year earlier. It marked the lowest monthly average for […]

OPEC -Energy News Beat
Crude Oil News

OPEC+ to weigh modest oil output boost at meeting – sources

February 25, 2021 Stu Turley

OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks […]

Crude Oil News

Saudis, Russia Differ Again on Oil Strategy Before OPEC+ Meeting

February 21, 2021 Stu Turley

Saudi Arabia and Russia are once again heading into an OPEC+ meeting on opposite sides of a crucial debate about the oil market. Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices […]

Commodities

Saudi Arabia Set to Raise Oil Output Amid Recovery in Prices

February 17, 2021 Stu Turley

Saudi Arabia plans to increase its oil output in the coming months, reversing a recent big production cut, say advisers to the Kingdom, a sign of growing confidence over an oil-price recovery. The world’s largest […]

Prince Abdulazzis bin Salman
Crude Oil News

Saudi Oil Minister Urges Producer Caution Before OPEC+ Meeting

February 17, 2021 Stu Turley

Saudi Arabia urged fellow members of the OPEC+ oil alliance to remain cautious as they prepare to consider further output increases. Crude prices have rebounded to a one-year high above $60 a barrel in New […]

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