Wednesday, October 15, 2025
OPEC+ expected to stick with planned Feb output increase, sources say- oil and gas 360

OPEC+ expected to stick with planned Feb output increase, sources say

Nasdaq LONDON/MOSCOW, Jan 3 – OPEC+ is expected to stick to its plans for a February output increase when it meets on Tuesday, predicting a mild and short-lived impact on demand from the Omicron coronavirus variant, three sources from the group of oil producers told Reuters on Monday. OPEC+, a grouping of the Organization of the Petroleum Exporting Countries (OPEC)

Russia’s weak December oil production signals lack of capacity- oil and gas 360

Russia’s weak December oil production signals lack of capacity

World Oil (Bloomberg) –Russia failed to boost oil output last month despite a generous ramp-up quota in its OPEC+ agreement, indicating the country has deployed all of its current available production capacity. With OPEC+ meeting in two days to consider output policy in the face of the fast-spreading omicron variant, Russia’s lack of growth highlights the limits of the group’s

U.S. natgas slides over 2% on forecasts for less demand next week- oil and gas 360

U.S. natgas slides over 2% on forecasts for less demand next week

Nasdaq Jan 3 – U.S. natural gas futures started the new year down over 2% on Monday on forecasts for less demand next week than previously expected and a drop in global gas prices from record highs. In the last quarter of 2021, U.S. gas futures have followed the rise and fall of global prices about two-thirds of the time