OPEC news
Rystad Energy: if OPEC+ increases output in January, 200 million bbl glut will build through May
If output increases as planned from January, the world will have to face a new 200 million bbl surplus through May, Rystad Energy calculates.
Oil falls on OPEC+ decision uncertainty
Oil prices declined on Monday as OPEC+ does not appear to have a clear consensus yet on extending its current production levels, contrary to what the market has already priced in.
Oil falls as bulls bow to demand reality
Oil prices finally put a halt on their continuous rise, as traders focused again on the worsening short-term oil demand.
Oil rises on unstable ground
Oil rose on Wednesday on vaccine and OPEC+ hopes, but the ground may be too shaky to support such gains.
Oil gains on OPEC+ meetings, China processing data
Oil prices rose today, supported by optimism about the coming OPEC+ meetings and by China’s recent crude processing data.
Oil keeps gains on OPEC+ supply, vaccine and US crude stocks
Oil prices kept their gains on a combination of good news, the vaccine prospect, US crude stocks and OPEC+ supply indications.
Oil swings from gains to losses as uncertainty prevails after OPEC+ meeting
Oil prices have swung towards both sides today, due to the uncertainty that the OPEC+ meeting created, and as the US election is coming closer and closer.
OPEC+ pledges to ensure oil prices do not plunge again
OPEC's Secretary General has said that the OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November.
Oil largely unchanged on mixed IEA signals and anticipation of OPEC+ meeting
Oil prices are fluctuating around Tuesday’s levels today on mixed signals from the IEA and on anticipation of the OPEC+ upcoming meeting.
Oil eases on Covid-19 concerns after an unsurprising OPEC meeting
Oil prices edged down today as, while Covid-19 infections continue to multiply, the market did not receive any bullish surprise from the OPEC+ meeting, while it realised non-compliant members still had way to go to compensate for their overproduction.