News list for "OPEC"
OPEC has continuously lowered its expectations for global crude oil demand this year and next, and trade conflicts have impacted illegal production increases by superimposed member states. International oil prices may continue to be under pressure! Click to view...
OPEC连续下调今明两年全球原油需求预期， 贸易冲突冲击叠加成员国违规增产，国际油价恐持续承压！点击查看…
The monthly OPEC crude oil market report will be released at 20:00.
On March 4, an OPEC representative said that OPEC + will continue to implement the planned increase in oil production in April.
Goldman Sachs: OPEC + will postpone its plan to gradually increase production from April to July.
Russian Deputy Prime Minister Alexander Novak: OPEC + is not considering delaying the April production increase.
On February 3, Russian Deputy Prime Minister Novak said that the OPEC + Joint Ministerial Monitoring Committee (JMMC) discussed US President Donald Trump's call to increase oil production. In an interview with Russian television, Novak said that the committee agreed that OPEC + will gradually increase oil production starting from April 1, which is in line with previous plans. Trump has previously publicly called on OPEC + and its main member Saudi Arabia to lower oil prices, saying that doing so...
Standard Chartered believes that OPEC + is unlikely to give in to Trump's pressure. Click to view...
The Federal Reserve pressed the pause button to cut interest rates, and Powell made it clear that he was not in a hurry to cut interest rates! OPEC + will discuss Trump's plan to increase U.S. crude oil production, and the London gold market is queuing up to borrow gold... What major events happened in the world last night and this morning?
Analysts pointed out that there is no reason for OPEC to change its plan, and of course, the situation could change in two months. Click to view...
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.
