OPEC Archives

कच्चे तेल में लगातार गिरावट; ब्रेंट क्रूड 8 महीने के निचले स्तर पर पहुंचा, जानिए क्या है वजह?

OPEC Meeting Concluded with no Figures, Debate to Continue Friday with Non-OPEC

Last Updated On December 6, 2018 10:10 PM by Neal Bhai

An OPEC delegate recently crossed the wires announcing that the meeting has concluded and they haven’t decided on the figure of the output cut. The delegate further added that the debate would continue with non-OPEC members on Friday.

Crude Oil Up as Saudi Russia Pact and Canada Cuts Ease Supply Fears – Gold Silver Reports (GSR)

Last Updated On December 4, 2018 6:33 PM by Neal Bhai

Futures in New York rose as much as 1.5 percent, extending Monday’s 4 percent gain. An agreement between Saudi Arabian Crown Prince Mohammed bin Salman and Russian President Vladimir Putin over the weekend raised the possibility of an output accord when OPEC and its partners meet in Vienna on Dec. 6. Prices also received a boost after Canada’s Alberta province announced plans to cut production by 325,000 barrels a day.

Qatar Quits OPEC

Last Updated On December 3, 2018 9:28 PM by Neal Bhai

“Qatar has decided to withdraw its membership form OPEC effective January 2019 and this decision was communicated to OPEC this morning,” Saad al-Kaabi said, as quoted by Reuters, at a news conference.

Crude Just had its Worst Month in a Decade, and its Next Move Depends on Saudi Arabia and Trump

Last Updated On December 3, 2018 5:19 PM by Neal Bhai

West Texas Intermediate, or U.S. crude, lost 21 percent in November, tumbling to its lowest level in a year and logging its worst performance since October 2008.

Russia is Expected to Announce Oil Supply Cuts at its Upcoming Meeting on Dec. 6.

Last Updated On December 3, 2018 1:46 PM by Neal Bhai

U.S. crude prices were further pushed up by an announcement from Canada that Alberta province will force producers to cut output by 8.7 percent, or 325,000 barrels per day (bpd), to deal with a pipeline bottleneck that has led to crude building up in storage. Most of Alberta’s oil is exported to the United States.

Breaking News – Crude Oil Prices Dip on Swelling U.S. Supply – OPEC Output Cuts Loom

Last Updated On November 30, 2018 11:15 AM by Neal Bhai

U.S. West Texas Intermediate (WTI) crude futures were at $51.30 per barrel at 0023 GMT, down 15 cents, or 0.3 percent from their last settlement.

Crude Oil Advances as Russia Shows Willingness to Join Saudis On Cuts

Last Updated On November 30, 2018 9:49 AM by Neal Bhai

Gold Silver Reports (GSR) Russia wants more predictability and “smooth price dynamics” in world crude markets, Deputy Foreign Minister Sergei Ryabkov said in an interview in Argentina.

Saudi Arabia Pumps Record Amount of Oil as Trump Piles on Pressure

Last Updated On November 27, 2018 6:16 PM by Neal Bhai

Gold Silver Reports (GSR) – The meeting, at which OPEC members will consider how to arrest a decline in oil prices, comes days after leaders of top global oil producers – Russian President Vladimir Putin, Saudi Crown Prince Mohammed bin Salman and Trump – travel to Argentina for a G20 summit this week.

G20 Meeting Could Trigger Rebound in Commodities Prices: Goldman

Last Updated On November 27, 2018 5:17 PM by Neal Bhai

Gold Silver Reports (GSR) – “Given the size of dislocations in commodity pricing relative to fundamentals, with oil now having joined metals in pricing below cost support, we believe commodities offer an extremely attractive entry point for longs in oil, gold and base (metals),” the bank said in a note.

Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!

Last Updated On November 25, 2018 7:27 AM by Neal Bhai

Crude Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!