Novak: we must carefully monitor oil market situation, spread of Covid-19 in Asia interfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com Daily Mail and Mail on Sunday newspapers.
OPEC+ monitoring committee forecasts oil demand growth acceleration in H2 2021
The Meeting observed the destocking trend of commercial OECD inventories, but noted that they increased by 14.4 mln barrels in March 2021 and were 77.4 mln barrels above the 2015-2019 average, according to the report
MOSCOW, April 27. /TASS/. The recovery of oil demand will accelerate in the second half of the year but the number of COVID-19 cases is still growing worldwide. This is the reason why the OPEC+ Joint Ministerial Monitoring Committee keeps the decision taken a month ago, OPEC says in the communique after the meeting. COVID-19 cases are rising in a number of countries, despite the ongoing vaccination campaigns, and that the resurgence could hamper the economic and oil demand recovery, OPEC says.
OPEC+ Advances Plan to Gradually Hike Output rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.
Chart of the Week
- New debt and equity issuance from U.S. E&P companies totaled $4.4 billion in March 2021, the most since August 2020.
- In fact, new financing has been on the rise steadily for each month since September 2020. Low interest rates and higher oil prices have improved access to capital.
- The EIA forecasts U.S. oil production rising from 10.7 mb/d in 2Q2021 to 12.2 mb/d in 4Q2022.
Market Movers
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The California Public Employees’ Retirement System (CalPERS)said on Monday it plans to vote for Engine No. 1′s four director nominees to
ExxonMobil’s (NYSE: XOM)board.
KUNA : OPEC and non-OPEC meeting highlights importance of ongoing rebalancing efforts - General kuna.net.kw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuna.net.kw Daily Mail and Mail on Sunday newspapers.