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OPEC

Oil on the boil, stocks and bonds toil
Markets

Oil on the boil, stocks and bonds toil

  • World shares drop after 3-day gains, retail frenzy slows.
  • Oil at 1-year high on OPEC+ output cut.
  • Benchmark bond yields rising, curves steepening.
  • Volatility index falls to regular levels.
  • Stealth China policy tightening in focus.
Published 04 Feb, 2021 05:44pm
OPEC experts meet as rising oil prices mask demand worries
Markets

OPEC experts meet as rising oil prices mask demand worries

  • Oil has rallied from historic lows reached last year as demand collapsed due to the pandemic thanks to record OPEC+ output cuts.
  • "A positive start," said one OPEC delegate. "The group wants a quick meeting with a positive agenda."
Published 02 Feb, 2021 07:01pm
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
Oil prices up
Markets

Oil prices up

NEW YORK: Oil rose on Wednesday on expectations that US President Joe Biden’s administration will deliver massive...
Published 21 Jan, 2021 04:23am
Oil prices climb
Markets

Oil prices climb

• IEA cuts 2021 oil demand outlook, but sees upturn in H2 NEW YORK: Oil prices climbed with US stock markets on...
Published 20 Jan, 2021 04:29am
OPEC ‘cautiously optimistic’ oil market will recover in 2021
Markets

OPEC ‘cautiously optimistic’ oil market will recover in 2021

  • We all agree that the recovery is fragile, there are still more uncertainties, but we are cautiously optimistic that the recovery will materialise this year.
  • This year the way we see it is a year of recovery, whether it's going to be the end of the year where we are supposed to reach the balance or the beginning of 2022.
Updated 19 Jan, 2021 11:14pm