Oil little changed as markets debate fat hikes and supply woes

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US April 21, 2020. REUTERS/Drone Base Register now for FREE unlimited access to Reuters.com Register Strong dollar weighs as Fed rate decision looms Supply concerns limit decline Easing COVID-19 restrictions in China could lend support HOUSTON, Sept … Read more

OPEC+ sees bigger 2022 surplus, risks to oil demand growth

The logo of the Organization of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger Register now for FREE unlimited access to Reuters.com Register LONDON/MOSCOW, Aug 31 (Reuters) – The oil market will likely see a bigger-than-expected surplus this year, OPEC+ said … Read more

OPEC+ missed output targets by 2.9 million barrels per day in July, sources say

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured on the outside the OPEC headquarters in Vienna March 16, 2010. REUTERS/Heinz-Peter Bader/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 22 (Reuters) – OPEC+ produced 2,892 million barrels per day (bpd) below their targets in July, two … Read more

OPEC+ might have to raise oil output so the market doesn’t overheat, Kazakhstan says

A 3D-printed oil pump jack is seen in front of the OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register Kazakhstan says preferred oil price is $60-$80/barrel OPEC faces output problems to meet existing targets US seeking higher OPEC production to counter Russia … Read more

OPEC+ sees a slightly smaller oil market surplus this year, sources say

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside its headquarters in Vienna, Austria, December 7, 2018. REUTERS/Leonhard Foeger/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 2 (Reuters) – OPEC+ sees this year’s oil market as slightly less supplied than previously thought, a day ahead … Read more

OPEC + trims 2022 market surplus projection to 1 mln bpd -report

A worker uses a petrol pump at a Brazilian oil company Petrobras gas station in Brasilia, Brazil March 7, 2022. REUTERS / Adriano Machado Register now for FREE unlimited access to Reuters.com Register LONDON, June 27 (Reuters) – Producer group OPEC + trimmed its projected 2022 oil market surplus to 1 million barrels per day … Read more

OPEC’s Barkindo says common objective with non-OPEC partners is market stability

OPEC Secretary General Mohammad Barkindo attends a session during Egypt’s 5th Petroleum Show “EGYPS 2022” at the capital city of Cairo, Egypt, February 14, 2022. REUTERS / Amr Abdallah Dalsh / Files Register now for FREE unlimited access to Reuters.com Register BAGHDAD, June 18 (Reuters) – The common objective of the Organization of the Petroleum … Read more

Third Unaoil bribery offender launches London appeal against conviction

Director of the Serious Fraud Office (SFO) Lisa Osofsky speaks to Reuters in London, Britain, March 28, 2019. REUTERS / Hannah McKay Register now for FREE unlimited access to Reuters.com Register Stephen Whiteley launches appeal against conviction Convictions of co-defendants Akle and Bond already quashed Review into SFO over Unaoil failings delayed by one month … Read more

Iraq balks at greater Chinese control of its oilfields

Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms not happy with terms of Iraqi deals LONDON / BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have given Chinese firms more control over its oilfields and … Read more

Baidu Stock Drops. It’s One of 5 Stocks Added to the SEC’s Delisting Watchlist.

Text size LIU JIN / AFP via Getty Images Baidu stock was dropping Thursday after US regulators added the Chinese search giant to its growing list of companies that could be removed from American stock exchanges. The Securities and Exchange Commission on Wednesday added Baidu (ticker: BIDU) and four other Chinese companies to a provisional … Read more