Search ResultsShowing 1 - 10 of 20 results for "Petroleum Exporting Countries"
Chief economist update: The rise and fall of oil
BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
... 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 per ...
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: Oil market slides from bull to bear
BENJAMIN ONG  |  FRIDAY, 7 JUN 2019
... disruptions/sanctions in Venezuela, Libya, Iran and others, plus the implementation of the Organisation of the Petroleum Exporting Countries (OPEC), Russia and other oil producers cut output by 1.2 million barrels per day (mpd) from 1 January 2019, and ...
Chief economist update: The bad oil
BENJAMIN ONG  |  FRIDAY, 12 APR 2019
... production side of the supply-demand equation appears to be shrinking by more. The Organisation of the Petroleum Exporting Countries (OPEC), Russia and other oil producers, cut output by 1.2 million barrels per day (mpd) starting 1 January 2019 that ...
Chief economist update: Crude oil slips
BENJAMIN ONG  |  TUESDAY, 17 JUL 2018
... while WTI oil peaked at US$77.41 per barrel a month later (27 June) despite the Organisation of Petroleum Exporting Countries' (OPEC's) decision to lift production by one million barrels per day (bpd) - because this was lower than market expectations ...
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 ...
Australian market to open lower
AAP  |  FRIDAY, 5 JUN 2015
... looking ahead to the May US jobs report and a policy announcement from the Organization of the Petroleum Exporting Countries. Both are scheduled for Friday. LONDON - European stock markets have slumped over a lack of progress in negotiations between ...
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 ...
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