News list for " OPEC"
On January 24th, Trump announced at the World Economic Forum in Davos, Switzerland on Thursday that he would ask Saudi Arabia and OPEC to lower oil prices, and said he would ask Riyadh to increase its proposed investment package in the United States from an initial $600 billion to $1 trillion. "If oil prices go down, the Russian-Ukrainian conflict will end immediately," Trump: "Now, oil prices are high enough for the conflict to continue - oil prices must come down." After these remarks, interna...
The survey results showed that OPEC's crude oil production fell by 120,000 barrels per day to 27.05 million barrels per day in December.
The Dutch International Bank made it clear that even if OPEC + takes action, the balance of the oil market will still be in excess in 2025, which means that prices may continue to be under pressure. It is expected that the average price of oil will be $X next year.
The monthly OPEC report will be released in five minutes.
OPEC: The meeting decided that the next regular meeting will be held on May 28, 2025.
The market's response to OPEC +'s decision to extend the production cut policy for three times was lackluster, and it seems that the "trump card" of boosting oil prices is no longer useful? Analysts believe that from the latest statement, OPEC + seems to be pinning its hopes on this prospect... > >
The OPEC + representative said that OPEC + decided to extend the collective production reduction plan of 2 million barrels per day by one year until the end of 2026.
OPEC + confirmed the extension of the group's overall oil production cut of 3.65 million barrels per day until the end of 2026.
According to the OPEC + agreement, Russia's oil production quota for Quarter 1 next year is 8.978 million barrels per day, which will increase to 9.004 million barrels per day in April and 9.214 million barrels per day in December 2025.
Reuters poll: OPEC oil production in November increased by 180,000 barrels per day from October to 26.51 million barrels per day, with Libya increasing the most.
Sources: OPEC + is discussing delaying the production increase for Quarter 1 of 2025.
Crude oil is trading at a low level, maintaining a balance between the always fragile Middle East ceasefire and the potential decision of OPEC; the United States will release a series of data before Thanksgiving, prices eased in the third quarter, but the latest October may... > >
Citi Research: Our basic judgment is that OPEC + will delay the lifting of production cuts by one quarter to April 2025.
Oil market watchers expect OPEC + to delay production increases again.
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