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oil supply

Oil rises as OPEC+ decides on production policy

Oil rises as OPEC+ decides on production policy

  • OPEC+ reaches preliminary deal to raise output from May –sources.
  • OPEC+ still has deep production cuts in place.
  • New pandemic waves creates uncertain demand outlook.
  • Euro zone factory activity soared in March.
Published 01 Apr, 2021 09:04pm
OPEC oil supply to drop by 400,000 bpd in Jan
Markets

OPEC oil supply to drop by 400,000 bpd in Jan

  • OPEC's compliance with pledged supply curbs is close to 100%, the company said.
  • "The biggest reductions in January supply are expected from Libya, Iraq and Nigeria," Petro-Logistics said.
Published 25 Jan, 2021 09:33pm
Russia and Belarus agree oil supply terms for 2021
Markets

Russia and Belarus agree oil supply terms for 2021

  • The two ex-Soviet neighbours have had a patchy relationship over the years and have quarrelled about a number of issues, including oil and gas sales.
  • reselling some of it and oil products processed from the Russian barrels on to Europe until Moscow decided to stop the practice.
Published 25 Dec, 2020 07:05pm