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No agreement on increased output at OPEC meeting

No agreement on increased output at OPEC meeting Robert Besser 09 Jul 2021, 13:39 GMT+10 After two days of failed discussions, the OPEC+ ministers abandoned talks about an increase in oil output starting next month, after the UAE rejected a proposed eight-month extension to output curbs OPEC s Secretary General Mohammad Barkindo said in a statement on Monday that the meeting had been cancelled without a date for the next one being set Decisions in OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other large producers, must be unanimous DUBAI, United Arab Emirates: After two days of failed discussions, the OPEC+ ministers abandoned talks about an increase in oil output starting next month, after the UAE rejected a proposed eight-month extension to output curbs.

United arab emiratesSaudi arabiaAbu dhabiMohammad barkindoOrganization of the petroleum exporting countriesMinisterial monitoring committeeGeneral mohammad barkindoJoint ministerial monitoring committeePetroleum exporting countriesஒன்றுபட்டது அரபு அமீரகங்கள்சவுதி அரேபியாஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள்மந்திரி கண்காணிப்பு குழுகூட்டு மந்திரி கண்காணிப்பு குழுபெட்ரோலியம் ஏற்றுமதி நாடுகள்

Saudi-UAE clash prevents agreement on oil output at OPEC meeting

Saudi-UAE clash prevents agreement on oil output at OPEC meeting 09 Jul 2021, 13:39 GMT+10 DUBAI, United Arab Emirates: After two days of failed discussions, the OPEC+ ministers abandoned talks about an increase in oil output starting next month, after the UAE rejected a proposed eight-month extension to output curbs. OPEC s Secretary General Mohammad Barkindo said in a statement on Monday that the meeting had been cancelled without a date for the next one being set. There is no decision about August and discussions still continue. The market needs that oil, a source said. The failure of the talks helped to drive up international benchmark Brent crude, which was trading 1.1 percent higher at above $77 per barrel.

United arab emiratesSaudi arabiaAbu dhabiMohammad barkindoOrganization of the petroleum exporting countriesMinisterial monitoring committeeGeneral mohammad barkindoJoint ministerial monitoring committeePetroleum exporting countriesஒன்றுபட்டது அரபு அமீரகங்கள்சவுதி அரேபியாஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள்மந்திரி கண்காணிப்பு குழுகூட்டு மந்திரி கண்காணிப்பு குழுபெட்ரோலியம் ஏற்றுமதி நாடுகள்

Oil Prices Climb On Strong Fuel Demand

Oil Prices Climb On Strong Fuel Demand
oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.

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Opec+ abandons oil policy meeting after failing to reach consensus

Opec+ abandons oil policy meeting after failing to reach consensus
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Saudi arabiaUnited arab emiratesAbu dhabiAl arabiyaSaudi energyOrganization of the petroleum exporting countriesMinisterial monitoring committeeEnergy minister prince abdulazizJoint ministerial monitoring committeePetroleum exporting countriesசவுதி அரேபியாஒன்றுபட்டது அரபு அமீரகங்கள்அல் அராபியாசவுதி ஆற்றல்ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள்மந்திரி கண்காணிப்பு குழு

Oil Price Set for Further Rise as OPEC Meeting Ends in Stalemate

Emmanuel Addeh in Abuja with agency report Ministers of the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+ yesterday called off oil output talks after a deadlock that spanned three days of consultations as progress on contentious areas remains stunted. Reuters reported that the disagreement followed from last week when the United Arab Emirates (UAE) balked at a proposed eight-month extension of output curbs, meaning no deal to boost production has been agreed. The failure to agree means an expected increase in oil output from August will not take place, helping to drive up international benchmark Brent crude, which was trading around 1 per cent higher at over $77 a barrel.

Saudi arabiaUnited arab emiratesAbuja federal capital territoryAbu dhabiEmmanuel addehMele kyariNigerian national petroleum corporationMinisterial monitoring committeePetroleum exporting countriesGroup managing directorMallam mele kyariJoint ministerial monitoring committeeசவுதி அரேபியாஒன்றுபட்டது அரபு அமீரகங்கள்கூட்டாட்சியின் மூலதனம் பிரதேசம்மேலே கியாரி