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Oil falls US$1 after OPEC+ agreement on boosting supply

Oil falls US$1 after OPEC+ agreement on boosting supply
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

Saudi arabiaRichard pullinAaron sheldrickOrganization of the petroleum exporting countriesGoldman sachsPetroleum exporting countriesLincoln feastசவுதி அரேபியாஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள்கோல்ட்மேன் சாக்ஸ்பெட்ரோலியம் ஏற்றுமதி நாடுகள்லிங்கன் விருந்து

Petrol, diesel prices today July 19: BIG RELIEF coming? OPEC+ agrees to boost supply—Check fuel rates in Delhi, Mumbai, Kolkata and Chennai

Petrol and diesel prices remained unchanged for second consecutive day on Monday, July 19, 2021, showed Indian Oil Corporation Limited (IOCL) data.Â Fuel rates were hiked last on Saturday whenÂ petrol got costlier by 30 paise and diesel prices remained stable at Friday sÂ rates. The stability in prices from the last two days also holdsÂ relevance due to outcome of the OPEC+ meeting.Â Â See Zee Business Live TV Streaming Below: Oil prices fell more than $1 a barrel on Monday, after the OPEC+ group of producers overcame internal divisions and agreed to boost output, sparking some concerns about a crude surplus as COVID-19 infections continue to rise in many countries.Â

India generalWest bengalTamil naduIndian oilBharat petroleumOrganization of the petroleum exporting countriesHindustan petroleumIndian oil corporation limitedGoldman sachsPetroleum exporting countriesDiesel priceமேற்கு பெங்கல்தமிழ் நாடுஇந்தியன் எண்ணெய்பாரத் பெட்ரோலியம்ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள்

Oil falls $1 after OPEC+ agreement on boosting supply

Article content The group, which includes members of the Organization of the Petroleum Exporting Countries (OPEC) and allies like Russia, agreed new production shares from May 2022. “Oil prices may continue to gyrate in the coming weeks,” Goldman Sachs said after the agreement. However, the U.S. investment bank said it remained bullish on the outlook for oil and the agreement was in line its view that producers “should focus on maintaining a tight physical market all the while guiding for higher future capacity and disincentivizing competing investments.” It said the OPEC+ deal represented $2 “upside” to its summer forecast for Brent to reach $80 a barrel and $5 upside on its outlook for the international benchmark to average $75 a barrel next year.

Saudi arabiaRichard pullinAaron sheldrickOrganization of the petroleum exporting countriesGoldman sachsPetroleum exporting countriesLincoln feastசவுதி அரேபியாஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள்கோல்ட்மேன் சாக்ஸ்பெட்ரோலியம் ஏற்றுமதி நாடுகள்லிங்கன் விருந்து

Oil falls $1 after OPEC+ agreement on boosting supply - The Hindu BusinessLine

Oil falls $1 after OPEC+ agreement on boosting supply - The Hindu BusinessLine
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Saudi arabiaOrganization of the petroleum exporting countriesGoldman sachsPetroleum exporting countriesசவுதி அரேபியாஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள்கோல்ட்மேன் சாக்ஸ்பெட்ரோலியம் ஏற்றுமதி நாடுகள்

COLUMN-OPEC+ deal should end $100 a barrel crude oil predictions: Russell

5 Min Read LAUNCESTON, Australia (Reuters) - The OPEC+ deal to boost crude oil output from August was always the most likely outcome to the producer group’s earlier impasse, and it should be enough to end market talk of $100 a barrel oil, at least for now. The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo OPEC+ ministers agreed on Sunday to boost production by 400,000 barrels per day (bpd) from August to December, adding a total of 2 million bpd to global supply by the end of the year.

United arab emiratesUnited statesSaudi arabiaSouth koreaRichard pullinClyde russellThomson reuters trust principlesRefinitiv oil researchOrganization of the petroleum exporting countriesPetroleum exporting countriesNorth americaSouth americaSouth asianThomson reuters trustஒன்றுபட்டது அரபு அமீரகங்கள்ஒன்றுபட்டது மாநிலங்களில்