OPEC
December 04, 2020
30 views 2 mins 0

OPEC+ resumes talks on 2021 policy amid discord on how to tackle oil demand

By Administrator_India Capital Sands LONDON  – OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of discussions this week failed to bring a compromise on how to tackle weak oil demand amid a second coronavirus wave. The group of OPEC and allies, known as OPEC+, had been widely expected to roll over existing oil […]

Covid-19, OPEC
July 13, 2020
32 views 52 secs 0

Oil slips as traders eye supply cut easing at OPEC meeting

By Administrator_India Capital Sands   Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude fell 27 cents to $42.97 a barrel, while U.S. West Texas Intermediate crude was […]

IEA, OPEC
April 15, 2020
27 views 2 mins 0

Oil market falls too big to offset with output cuts, IEA warns

By Administrator_India Capital Sands The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day dive in April oil demand to levels not seen in 25 years and warned no output cut by producers could fully offset the near-term falls facing the market. Benchmark Brent crude futures fell following the IEA’s monthly […]