Tag Archives: OPEC

How Much Can Oil Prices Go Up in 2021?

[ad_1] Advances in vaccine development and expectations that OPEC + will decide in less than two weeks to renew current cuts for three months instead of easing them from January 2021 give bulls hope that the oil market will regain some semblance of equilibrium this year next, pushing prices higher. …

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Asian demand for crude oil gives hope to oil markets

[ad_1] By Josh Owens – Nov 19, 2020, 5:00 p.m. CST As oil demand in Europe and the US continues to disappoint, refineries in Asia are rushing to buy crude from around the world, giving the oil market some hope that at least in one region demand is strengthening in …

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Will the UAE withdraw from OPEC?

[ad_1] OPEC has suffered immensely from the pandemic and the resulting loss of oil demand, and its work may now become significantly more challenging as members mull over the pros of staying with the group against the scammer of performing the duty and painful task. to curb production. And the …

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OPEC + production increase plan could be postponed! Shanghai Aluminum approaches 16,000 yuan / ton threshold and reaches three-year high on Sina.com

[ad_1] OPEC + production increase plan could be postponed! Shanghai Aluminum approaches 16,000 yuan / ton and hits three-year highSina Oil Union + considering the postponement of production increases for at least three months, the implementation rate of the October production reduction agreement dropsSin Chew Daily Focus: OPEC + plans …

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OPEC + meeting concludes with support for extending the cut

[ad_1] The OPEC + technical meeting ended Monday with widespread support for a three-month extension of the current level of oil production cuts, sources told Reuters Monday. OPEC sources hinted last week that many members were in favor of extending the production cuts that were expected to fall by 2.0 …

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