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    Opec Meeting

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    • Crude oil's worst month since 2021 as likely OPEC+ production hike, demand worries weigh

      Oil prices fell 16 percent in April as Reuters reported that Saudi Arabia hinted being unwilling to support the oil market with more supply cuts.

    • What to expect from OPEC+’s Dec 5 meeting on output cuts for 2025

      With crude oil prices largely trading below $75 a barrel in the second-half of 2024, OPEC is likely to further delay the planned phase-out of the oil supply cuts by three months (or the first quarter of calendar year 2025) to support prices.

    • What to expect from the June 2 OPEC+ meet on output policy

      The oil cartel was earlier set to meet in Vienna on June 1 to decide on supply cuts for second half of 2024, but OPEC pushed it back by a day and the meeting will now be held online.

    • Crude oil up 2% amid concerns over deeper supply cuts by OPEC, allies

      The benchmark Brent crude settled at $81.68 a barrel, up 2 percent, on November 28, while West Texas Intermediate closed at $76.41

    • Oil prices steady ahead of OPEC+ oil production decision

      Trading remained subdued during Thursday’s Thanksgiving holiday in the United States.

    • Fuel Prices on April 3: Petrol, diesel rates unchanged across major cities

      The Organization of the Petroleum Exporting Countries and their allies including Russia shook markets by announcing production cuts of about 1.16 million barrels per day on Sunday.

    • MC Explains: G7 price cap on Russian crude, OPEC+ production cut: Key triggers for global oil market

      While India has said that it’s under no pressure to accept the price cap, reports indicate that Indian refiners are wary of buying Russian crude at a higher rate once the proposed G7 price cap kicks in.

    • OPEC+ Meeting Highlights | White House welcomes decision to raise output by over 200,000 bbl/day, lauds Saudi Arabia's role

      OPEC+ Meeting Highlights | Oil prices were little changed after erasing early losses on Thursday after OPEC+ agreed to boost crude output to compensate for a drop in Russian production.

    • Opinion | OPEC decision unlikely to bring much relief to India for now

      Brent crude prices rose 2.56% to nearly $75 a barrel soon after OPEC's announcement, which indicates that the market had discounted a 1 mbpd raise in output and had expected more.

    • Deal or no deal: All eyes set on OPEC meet outcome

      There has been a lot of backroom drama in the run up to the Vienna meeting, with many members lobbying to be exempt from the production cut. As of now, confusion and uncertainty persists and that is reflecting in crude prices which are down around 2 percent after the OPEC experts meeting on Monday.

    • EMs may drag a bit; positive on India: JP Morgan AMC

      Ian Hui, Global Market Strategist, JPMorgan Asset Management talking about the impact of US Presidential pre-elections debate on global market, said if Hillary Clinton comes into power then markets may take it more favourably than if Donald Trump comes into power.

    • OPEC meet a step forward, but uncertainty still looms

      In the past, a statement would be enough to put oil markets on track. That isn't the case now. The OPEC would want to get its mojo back, restore group unity and be taken seriously.

    • Oil struggles for direction ahead of API data, OPEC meeting

      Oil struggles for direction ahead of API data, OPEC meeting

    • Three key events in Asia this week

      Several Asian economies will be on GDP-watch this week, including India, the Philippines, Taiwan and Singapore.

    • U.S. oil futures rally to 5-week high ahead of supply data, OPEC meeting

      U.S. oil futures rally to 5-week high ahead of supply data, OPEC meeting

    • Oil lower on US, eurozone concerns

      Oil prices inched lower in Asian trade today as weak US consumer data and the eurozone's financial woes dragged on sentiment ahead of a key OPEC meeting later in the day.

    • Saudi, US debated oil reserve swap before OPEC

      It was to be a swap felt around the world -- a plan privately discussed by the world's largest oil exporter and the globe's biggest consumer to take the heat out of USD 120-plus oil prices.

    • OPEC talks break down, no deal to lift oil supply

      OPEC talks broke down on Wednesday without an agreement to raise output after Saudi Arabia failed to convince the cartel to lift production.

    • Iran says OPEC will help cover supply shortage

      Iran says OPEC will help cover supply shortage

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