OPEC+ set to meet as cartel edges toward end of standoff
OPEC+ set to meet as cartel edges t.
OPEC and its allies will meet on Sunday, the latest sign that a bitter standoff between Saudi Arabia and the United Arab Emirates has been resolved.
Oil ministers will meet at noon Vienna time, the group confirmed. Officials have said privately in recent days that a full meeting would only be called if a deal was in reach.
A truce would open the way to more oil coming onto the market, easing a looming supply squeeze and averting an inflationary price spike. It would also put an end to a diplomatic spat that has unnerved oil traders, as the fight between the two long-time allies risked unraveling the broader OPEC+ accord that s underpinning the recovery in crude prices.
OPEC plans Sunday oil output discussion as UAE standoff ebbs
worldoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoil.com Daily Mail and Mail on Sunday newspapers.
Rapidan Founder and President Bob McNally Welcomes Energy Transition Veteran Jeff Berman to Spearhead Rapidan s Energy Transition Analysis
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Ensuring our energy security in a sustainable way in the MENA region and beyond
atlanticcouncil.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from atlanticcouncil.org Daily Mail and Mail on Sunday newspapers.
Oil Mixed As OPEC Fails To Reach Output Agreement
by Ship & Bunker News Team
Friday July 2, 2021 The
Organization of the Petroleum Exporting Countries (OPEC) continued indecision about how to plan proposed output hikes against resulted on Friday in mixed trading for crude - although West Texas Intermediate was on track for a
1.5 percent rise for the week and Brent was largely steady. OPEC and its allies resumed talks on raising oil output after the United Arab Emirates a day earlier demand a higher than proposed quota; however, observers were left wondering what the outcome would be. We re in wait-and-see mode here with OPEC, said