OPEC+

OIL & GAS

OPEC+ to boost oil output after Saudi-UAE compromise deal

The agreement means the cartel will boost output by 400,000 barrels a day each month from August

OIL & GAS

OPEC+ deal fails; oil market now faces tight supplies and rising prices

Crude prices jumped 0.9% to US$76.84 a barrel as of 4.25 pm. in London, the highest since 2018.

OIL & GAS

Brent oil steadies as tension builds before OPEC+ talks resume

Brent oil steadied near US$76 a barrel ahead of another round of critical OPEC+ discussions.

Commodities

Oil exceeds US$67 as demand outweighs prospect of more OPEC+ oil

OPEC and its allies are expected to stick with a decision to boost output in July
BOS upgrades oil price forecast subject to vaccination speed - THE EDGE SINGAPORE

Broker's Calls

BOS upgrades oil price forecast subject to vaccination speed

Oil prices will also benefit from increased fiscal spending by a unified Democrat government in the US.
The real price of Saudi Arabia's surprise oil cuts - THE EDGE SINGAPORE

Global review

The real price of Saudi Arabia's surprise oil cuts

How much does Saudi Arabia’s oil price cuts cost?

OIL & GAS

OPEC faces seismic demand split as cartel plots next move

As OPEC+ ministers gather virtually this week, the city that traditionally hosts their meetings will be locked down.

OIL & GAS

Oil edges lower on oversupply concerns as OPEC+ set to raise output

Oil prices fell on concerns about oversupply as OPEC+ is expected to pull back from production cuts in August, while an increase in COVID-19 cases worldwide raised fears of slower pick-up in fuel demand.

OIL & GAS

Crude oil prices open lower on expectations of increased production following OPEC+ meeting

Crude Oil futures contracts opened lower on Tuesday following a rising number of Covid-19 cases. Prices have dropped more than 1% on Monday as a meeting of OPEC+ countries this week is expected to taper production cuts.

Broker's Calls

Crude oil prices to hold firm at US$40 a barrel on higher Opec+ production cut: Maybank KE

A deeper cut in production by members and non-members of the Organization of the Petroleum Exporting Countries (Opec+) is expected to support crude oil prices at US$40 a barrel.
×