Skip to main content

OPEC news


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 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 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.