Post Tagged with: "output increase"

Source: Reuters

OPEC+ producers split over oil output increase -sources

Reuters


LONDON/DUBAI/MOSCOW -OPEC+ oil producers were split on Monday over increasing output from February as some feared a hit from new coronavirus lockdowns while Russia and Kazakhstan said demand recovery justified higher production, five OPEC+ sources said.

OPEC+, which groups …

January 4, 2021 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Column: Funds buy crude on expected delay to OPEC+ output increase – Kemp

Reuters


LONDON – Hedge funds purchased crude futures and options at the fastest rate for six months as portfolio managers became increasingly confident OPEC+ will postpone scheduled output increases until demand is stronger.

The equivalent of 55 million barrels was …

October 26, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC