Opec

Thursday, 04 November 2021

Latest News for: Opec

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OPEC+ heads for geopolitical showdown as Biden demands more oil

Japan Times 04 Nov 2021

Bowing to U.S. pressure and opening the taps would keep Saudi Arabia’s closest ally onside, at the expense of the hard-won crude price recovery that ... .

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Oil extends losses as US stockpiles expand before OPEC+ meet

Gulf Business 04 Nov 2021

Nationwide US crude inventories increased by 3.29 million barrels last week ... .

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Crude Oil Tanks Ahead of OPEC+ and Against Upbeat Tone Post FOMC. Can WTI Get ...

MENA FN 04 Nov 2021

(MENAFN - DailyFX) Crude Oil, OEPC+, Fed, FOMC, Bank of England - Talking Points Crude oil prices slid as the WTI contract traded under US$80 a barrel Post-FOMC environment is positive after ... .

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OPEC Set to Snub Biden’s Production Plea

Foreign Policy 04 Nov 2021

Back in Washington after talking climate at COP26, Biden now needs the cartel to pump more oil to keep gas prices low ... .

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OPEC+ members likely to hold firm on slow oil output, despite international pressure

CNBC 04 Nov 2021

U.S. President Joe Biden has squarely blamed the reluctance of OPEC+ to pump more oil for the sharp rise in energy prices in the U.S. and around the world ... .

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Oil dives ahead of OPEC+ meeting, and restart of US, Iran nuclear talks

Anadolu Agency 04 Nov 2021

Oil prices declined sharply on Thursday ahead of the OPEC+ meeting, as the world’s biggest oil producers are under pressure to ramp up output while a positive outcome from the resumption of nuclear talks between the US and Iran could result in extra barrels on the market.

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OPEC+ likely to stick to oil output plan, sources say

Metro USA 04 Nov 2021

LONDON (Reuters) – OPEC and its allies are likely to stick to plans to raise oil output by 400,000 barrels per day (bpd) at an OPEC+ meeting on Thursday, sources said, despite calls from the United States for extra supply to cool rising prices ... “Despite the pressure from consumers, I think the decision of the OPEC+ meeting on Nov.

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Oil slips as investors turn their focus to crucial Opec+ meeting

Straits Times 04 Nov 2021

SINGAPORE (BLOOMBERG) - Oil dipped for a third day as investors turned their focus to an OPEC+ meeting on production policy after US crude stockpiles expanded ... OPEC+ is gathering later Thursday (Nov 4) and the group is expected to stick to its planned gradual output hike for December, despite calls from consumers to pump more.

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Oil flips to gains ahead of OPEC+ meeting

Metro USA 04 Nov 2021

West Texas Intermediate crude pared losses of more than 1% as traders shifted focus to a meeting of the Organization of the Petroleum Exporting Countries and its allies, including Russia, a group known as OPEC+, later on Thursday ... Citi analysts said OPEC+ was likely to stick to current policy, despite pressure from oil importers.

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OPEC+ set for geopolitical showdown as U.S. demands more oil

Petroleum World 04 Nov 2021

OPEC has not restore its out put to pre-pandemic levels ... - Several OPEC+ members say publicly they shouldn’t go faster ... OPEC+ is heading for a politically consequential showdown with President Joe Biden, as Saudi Arabia and its allies must choose whether to heed American demands for more oil ... If OPEC+ does ignore Biden’s request, the U.S.

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OPEC daily basket price stood at $83.37 a barrel Tuesday, 2 November 2021 (OPEC - Organization of the Petroleum Exporting Countries)

Public Technologies 03 Nov 2021

) Vienna, Austria, 3 November 2021--The price of OPEC basket of thirteen crudes stood at $83.37 a barrel on ... The OPEC Reference Basket of Crudes (ORB) is made up of the following.

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Oil prices settle mixed ahead of US inventories, OPEC+ meeting

China.dot.org 03 Nov 2021

fuel stocks data and a key meeting of the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+ ... The U.S ... 29. OPEC+ is expected to meet on Thursday, discussing its plan on crude production ... .

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