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OPEC+ projected to delay oil output hike by at least three months

(Bloomberg) --OPEC and its allies will likely delay a supply increase planned for January by three months, according to a survey of oil analysts, traders and refiners. The 23-nation coalition led by Saudi Arabia and Russia will probably defer the 1.9 million-barrel hike when they meet next week, according to all but two of 36 respondents to the poll. Twenty-seven predicted a delay until the start...

Pemex goes offline in oil industry’s largest climate organization

an active member list that includes the likes of Saudi Aramco, China National Petroleum Corp...

Asian markets are OPEC+ and U.S. shale’s latest battleground for market control

nations such as Saudi Arabia and Russia,” Ryan Fitzmaurice, commodities strategist at Rabobank, wrote...

South Korea lobbies Qatar for aid in recovering tanker seized by Iran

close ties with the country even as other Gulf Arab nations such as Saudi Arabia and the United Arab...

OPEC+ plans to pump more crude into a precarious global oil market

to be able to justify any significant increase.” A Delicate Balance The OPEC+ alliance -- led by Saudi... for the next three to four months.” Saudi Arabia says the impact of its own extra production...

Oil price crests $41 on vaccine-fueled market rally

. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks... to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement...

OPEC+ considers delaying oil production hike until April

between the United Arab Emirates -- a core part of the cartel -- and other members. Saudi Arabia’s.... Over the past few weeks, leading figures in the alliance such as Saudi Prince Abdulaziz...

Devon Energy joins shale producers pledging restraint as oil rallies

., and Occidental Petroleum Corp.’s Vicki Hollub, after Saudi Arabia’s surprise plan to cut production... in prices over the second half of last year and Saudi’s “gift” to cut production. “This increased...

Sparrows Group signs long term service partnership status with J.D. Neuhaus Group in Middle East

facilities in Saudi Arabia, Abu Dhabi and Qatar. Eighteen of the company’s technicians in the region...

Oil prices climb as two hurricanes shutter U.S. offshore production

and even international sanctions. Saudi Aramco reshuffled its senior management and created...

July ends with an oil price gain as OPEC+ plans to increase supply

and sustained recovery in consumption. Saudi Arabia and other top producers from the Middle East...

Oil prices drop as concerns mount over next U.S. stimulus round

open. September data also show higher oil exports from Saudi Arabia and Iraq. At the same time, Russian...

Oil prices rally as Trump’s health appears to improve

news: Saudi Arabia pumped 8.974 million barrels a day in September compared with 8.988 million barrels...

Oil prices slip on halted stimulus talks and growing U.S. stockpiles

strength in the physical market, Saudi Arabia slightly raised the cost of its flagship Arab Light crude...

Oil prices fall below $40 as Gulf of Mexico producers get back to work

continue to comply with the OPEC+ pact to curb output. Other oil-market news: Saudi Aramco gave full...