OPEC to continue curbing World oil production | Deshabhimani
Dubai/Moscow OPEC countries are moving to continue to control oil production despite the opposition of the United States and Western countries. The Organization of the Petroleum Exporting Countries (OPEC) decided to continue the production cut at its meeting on Sunday. OPEC’s action comes after the European Union, G7 countries and Australia set a price ceiling […]
“OPEC+, no further cuts… Keeping the previous agreement” foreign press report
OPEC+, a group of major oil exporting countries, was said to have agreed on the 4th (local time) not to change the current level of crude oil production. AFP reported this, citing the words of multiple participants who attended the OPEC+ online ministerial meeting that day. Earlier, OPEC+ agreed in October to reduce oil production […]
Oil market sentiment: WTI oil closed 96 cents.
West Texas Intermediate (WTI) crude futures in New York closed higher on Tuesday (Nov. 29), citing hopes that China would ease its COVID-19 containment measures. and will return to open the country However, concerns that the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC Plus) will maintain their production policy at Sunday’s […]
Europe is not settled yet – Russia’s oil ceiling is set I TNN Silver hour I 28-11-65
Europe still has no collections – Setting Russian oil ceiling I TNN Hours of money making I 28-11-65 #TNNHours of money #Jia Sophon #Praewwanwanich Hot issue: The oil group avoids it first. Strong tourism momentum Subsequent factors 1. Russia retaliated against G7 countries and Europe on a draft decree banning oil sales to them 2. […]
WTI oil prices rose more than 1% to $81 after Saudi Arabia brushed off news of an increase in oil production.
WTI crude futures rose more than 1% to $81 after Saudi Arabia rejected a Wall Street Journal report that the Saudis and members of the Organization of the Petroleum Exporting Countries (OPEC) were not discussing a production boost At 7:57 pm Thai time, the West Texas Crude Oil Contract (WTI) is due for delivery in […]
OPEC+ ‘Pro-Russian’ skepticism “It was decided to cut production recently, purely for economic reasons”
‘OPEC Plus’, an advisory body for major oil producing countries, including the Organization of the Petroleum Exporting Countries (OPEC), stressed that the recent decision to cut production was purely for economic reasons. According to foreign media such as Reuters, OPEC Secretary General Haitham Algais held a press conference in Algeria on the 16th local time […]
reduction in oil production; Biden to review Saudi Arabia-US relationship Biden re-evaluates US relationship with Saudi Arabia after OPEC decision
Washington: After OPEC announced that it will cut oil production, US President Joe Biden announced that he will re-examine relations with Saudi Arabia, according to White House security spokesman John Kirby. A Saudi-led coalition of oil producers has announced it will stand with Russia to cut production. The decision to cut oil production by two […]
US Drains OPEC Plus Oil, Releases 10 Million Barrels From Inventory I TNN Financial Hours I 07-10-65
Subsequent factors 1. US oil OPEC Plus released 10 million barrels of reserves 2. Expect a tight oil market until next year Watch for Brent over 100. $/barrel 3. Global reserves fall by $1 trillion Result currency intervention efforts #Oil #OPEC+ #Brent #USA #Currency . Follow TNN Silver Hours. Every time Mon-Fri 09.30-10.30 on TNN […]
OPEC to cut oil production OPEC to cut oil production
London: OPEC has decided to cut oil production to overcome the fall in international crude oil prices. 20 lakh barrels per day will be reduced. This is the first time since the pandemic that such a large amount has been cut and US President Joe Biden has asked not to cut oil production. The decision […]
WTI oil prices jump more than 4% to break through $83 as OPEC Plus speculates major production cuts
WTI crude futures rose more than 4 percent, breaking above $83 today. Response to the forecast for the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies. or OPEC Plus this week As of 7:25 pm Thai time, the November West Texas Intermediate (WTI) Crude Oil contract was executed. It was […]
