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Showing 1 - 10 of 17 results for "Organisation of Petroleum Exporting Countries"

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
... from 1.0 mb/d in 2019. At the same time, as agreed upon on 6 December 2019, the Organisation of Petroleum Exporting Countries, Russia and other oil-producing nations - termed "OPEC+" - reduced production by around 500 kb/d (kilo barrels per day) to 2.1 ...

Chief economist update: The rise and fall of oil

BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
... the other way. WTI oil has risen by 35.4% and Brent by 34.0% in 2019 after the the Organisation of Petroleum Exporting Countries, Russia and other oil-producing nations - termed "OPEC+" -- agreed to reduce production by around 500 kb/d (kilo barrels ...

Chief economist update: Oil's well that ends 2019 well

BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
... will take effect on 1 January 2020 helped support crude prices. On December 6, the Organisation of Petroleum Exporting Countries, Russia and other oil-producing nations - termed "OPEC+"" -- agreed to reduce production by around 500 kb/d (kilo barrels ...

Chief economist update: Crude oil slips

BENJAMIN ONG  |  TUESDAY, 17 JUL 2018
If one were to time the genesis of the recent surge in oil prices, it would have to be Saudi Crown Prince Mohammed bin Salman's interview with Time magazine around mid-April this year when he hinted at wanting the price of crude to reach around ...

Oil's not so slick

BENJAMIN ONG  |  TUESDAY, 20 JUN 2017
It has only been less than a month - 25 May -- since the Organisation of Petroleum Exporting Countries (OPEC) announced the extension of crude oil production cuts by nine months to the last day of March 2018 but oil prices are sliding again. The deal ...

Damned if they do, damned if they don't

BENJAMIN ONG  |  MONDAY, 3 APR 2017
... psychological US$50.00 per barrel mark - the level they have risen to since the Organisation of Petroleum Exporting Countries (OPEC) announced that they (and non-OPEC members) agreed to a reduction in oil production last November. The deal reached involved ...

Oil slip

BENJAMIN ONG  |  TUESDAY, 8 DEC 2015
No more quotas. No more targets. No more ceilings. This was OPEC's (Organisation of Petroleum Exporting Countries) decision at their meeting in Vienna last Friday - the decision that sent oil prices down to 6-year lows. WTI oil dropped by 5.8% to US$37.65 ...

Market wrap PM

STAFF WRITER  |  MONDAY, 1 DEC 2014
... Friday, market indices were mixed as energy-related stocks were hammered, after the Organisation of Petroleum Exporting Countries (OPEC) decided not to cut production from 30 million barrels a day in response to crude prices, which have shed more than ...

Market Wrap AM

AAP  |  MONDAY, 1 DEC 2014
... stocks were punished on weaker oil prices. The selloffs came after the 12-nation Organisation of Petroleum Exporting Countries (OPEC) on Thursday maintained its collective output ceiling at 30 million barrels per day, where it has stood for three years ...

Sliding oil price would stop the slide in the oil price

BENJAMIN ONG  |  FRIDAY, 28 NOV 2014
The cartel that controls 40% of oil production - the Organisation of Petroleum Exporting Countries (OPEC) - met and concluded their 166th meeting in Vienna, Australia last night. The conclusion: "...in the interest of restoring market equilibrium, the ...
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