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Saudi Arabia denounces OPEC+ members trying to cheat oil quota

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(Bloomberg) --Saudi Arabia showed its determination to stop OPEC+ members cheating on their production quotas, delivering a thinly veiled dressing-down to its...

Faltering oil demand puts new pressure on OPEC+ production agreements

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(Bloomberg) -- It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the cartel’s six decades as...

OPEC July oil output surges as Gulf voluntary cuts end: survey

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(Reuters) - OPEC oil output has risen by over 1 million barrels per day (bpd) in July as Saudi Arabia and other Gulf members...

End game for oil? OPEC prepares for an age of dwindling...

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(Reuters) - The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand, and it is focusing minds in OPEC. The pandemic drove...

OPEC cuts production to 1991 levels in bid to revive oil...

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(Bloomberg) - OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets...

Extra oil cuts from deliquent OPEC+ members could shrink the market...

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(S&P Global) OPEC+ crude oil production could fall by about 1 million b/d in July and August from May levels, based on plans submitted...

OPEC forecasts improving oil demand in H2 2020, ahead of key...

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(S&P Global) In its latest monthly oil market report released June 17, OPEC kept its 2020 forecasts largely unchanged from the May outlook, noting...

Glut no more: Fresh OPEC+ cuts point to crude and condensate...

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The forced oil production shutdowns and the extension of the generous OPEC+ voluntary cuts into July will not only balance the Covid-19-hit global crude...

Brent climbs above $40 after OPEC+ extends production cuts

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Crude oil prices climbed more than 2% early on Monday as the Organization of Petroleum Exporting Countries (OPEC) and its allies, including Russia, agreed...

Market set to tighten as OPEC+ agrees to extend 9.7 million...

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(Wood Mackenzie) OPEC+ today agreed a one-month extension of the 9.7 million barrels per day (b/d) production cut. The extension will tighten the market...