Tag: OPEC Supply Cut
Opinion: Goldman Sachs takes on the Brent spreads
Goldman Sachs says rebalancing of oil market “making progress” By John Kemp LONDON, March 28 (Reuters) – Progress towards oil-market rebalancing and the need for an extension of production cuts by OPEC and non-OPEC countries has become the most contentious issue in the oil market. “We believe that the rebalancing of the oil market is in […]
Oil markets improving: Saudi energy minister
Oil markets improve due to compliance with OPEC deal On Tuesday, Saudi Arabia’s Energy Minister Khalid al-Falih said fundamentals of oil markets were improving thanks to the OPEC supply cut deal hammered out late last year. However, while speaking at the CERAWeek industry conference in Houston, Falih told energy executives and oil officials that worldwide oil […]
Russian oil firms discussed output cuts, no quota recommendations
Russian oil companies to join cut in equal percentages By Denis Pinchuk and Oksana Kobzeva MOSCOW, Dec 7 (Reuters) – Russian oil companies support Energy Ministry proposals to cap oil output as part of a global deal, a ministry spokeswoman said on Wednesday as Moscow prepares to finalise the agreement with OPEC and other producer nations […]
Connect
Connect with us on the following social media platforms.