OPEC+ expected to stay cautious in face of market jitters
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under the OPEC+ alliance led by Saudi Arabia and Russia are expected to agree
an extension to their current output cuts at a meeting on Thursday.
Their third ministerial meeting of 2021 will be held via videoconference
and is scheduled to start at 1200 GMT.
“The producer alliance is virtually guaranteed to extend current oil cuts
into May,” according to Stephen Brennock of PVM, reflecting a widespread view
among analysts. “It may even go a step further and prolong supply curbs into
June,” he added, with the possibility that Russia and Kazakhstan may be given
Thursday, 01 Apr 2021 02:55 PM MYT
Opec+ s third ministerial meeting of 2021 will be held via videoconference and is scheduled to start at 1200 GMT. Reuters pic
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LONDON, April 1 Oil producing countries grouped together under the Opec+ alliance led by Saudi Arabia and Russia are expected to agree an extension to their current output cuts at a meeting today.
Their third ministerial meeting of 2021 will be held via videoconference and is scheduled to start at 1200 GMT.
“The producer alliance is virtually guaranteed to extend current oil cuts into May,” according to Stephen Brennock of PVM, reflecting a widespread view among analysts.
OPEC+ expected to stay cautious in face of market jitters » Borneo Bulletin Online borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.
Novak says market situation uncertain, OPEC+ must avoid overheating, shortages
MOSCOW. April 1 (Interfax) - The situation on the oil market is improving, and the economy continues to recover, which is reflecting positively on demand for oil, Russian Deputy Prime Minister Alexander Novak said in his opening remarks before the OPEC+ Joint Ministerial Monitoring Committee meeting.
Novak noted that the vaccination campaign is yielding results and is providing hope for a positive outcome, though he did note the uncertainty regarding the situation with the Covid-19 pandemic in Europe. In this situation, it is important for us to keep our finger on the pulse and not allow overheating of the market or a substantial shortage, the deputy prime minister said.
KUNA : OPEC, non-OPEC decide to increase output as of May - 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.