Opec+ is discussing cutting as much as 1mn b/d from current oil production quotas, which could take the group's total cuts to 3.1mn b/d below October 2018 levels, sources say.
News ID: 8574 Publish Date : 2020/03/04
Opec's Economic Commission Board (ECB) met this week and concluded that crude markets require further monitoring to evaluate the effectiveness of the group's production cut deal.
News ID: 7612 Publish Date : 2019/11/29
Kuwait will back an extension of OPEC-led production cuts beyond June if it's clear supply and demand factors warrant it, Haitham al-Ghais, Kuwait Petroleum Corp's manager for market research and the country's OPEC governor, said Wednesday.
News ID: 4312 Publish Date : 2019/04/11
Opec and its non-Opec partners still have plenty of work to do to rebalance global oil markets, and may need to extend their production restraint agreement to the end of 2019, UAE oil minister Suhail al-Mazrouei says.
News ID: 4139 Publish Date : 2019/03/24
A member of the Iranian parliament said the outcome of the 175th meeting of members of the Organization of the Petroleum Exporting Countries (OPEC) was a victory for Iran’s petroleum diplomacy.
News ID: 2875 Publish Date : 2018/12/10
Rising global oil supplies, a weaker outlook for global oil demand growth, and a recent $15/bl decline in oil prices have combined to make a compelling argument for the Opec and non-Opec Joint Ministerial Monitoring Committee ( JMMC ) to recommend a return to production restraints in 2019.
News ID: 2591 Publish Date : 2018/11/11
Kuwait’s Oil Minister Essam al-Marzouq said on Sunday OPEC and other oil producers will study before June the possibility of an exit strategy from the global oil supply-cut agreement.
News ID: 1649 Publish Date : 2017/12/11
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
