Page 423 - ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
OPEC+ committee leaving oil demand growth outlook unchanged, sources say
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Missed opportunity: hedges to crimp U S shale oil producers 1Q profit
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
3 Min Read
LONDON (Reuters) - Portfolio managers increased their exposure to petroleum slightly last week, focusing mainly on Brent, but positions remained rangebound as OPEC+ production discipline was offset by a new wave of coronavirus infections.
FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford
Hedge funds and other money managers bought the equivalent of 14 million barrels in the six most important petroleum futures and options contracts in the week ending April 20. (tmsnrt.rs/2QzX1Tl)
The combined positions across all six contracts rose to a three-week high of 832 million barrels, according to records published by ICE Futures Europe and the U.S. Commodity Futures Trading Commission.
India Inspires Another Round Of Crude Losses, Buffered By OPEC
shipandbunker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shipandbunker.com Daily Mail and Mail on Sunday newspapers.
OPEC+ keeps oil demand forecast, but worried by COVID surge - sources
04/26/2021 | 11:14am EDT
Send by mail :
Message :
Required fields
LONDON (Reuters) -The OPEC+ joint technical committee (JTC) has kept its forecast for growth in global oil demand this year, but is concerned about surging COVID-19 cases in India and elsewhere, three sources from the producer group told Reuters.
In its most recent monthly oil market report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth by 70,000 barrels per day (bpd) to 5.95 million bpd. Demand growth is still at 6 million bpd for 2021, one of the sources said.