10 Apr 2021 / 09:00 H. U.S. energy secretary, Saudi energy minister hold call Biden administration has till now avoided Trump s approach OPEC+ to consider oil cuts roll over or increase, sources say (Adds details)
By Alex Lawler, Rania El Gamal and Vladimir Soldatkin
LONDON/DUBAI/MOSCOW, April 1 (Reuters) - OPEC+ debated on Thursday whether to keep deep oil output cuts in place or ease them after the administration of U.S. President Joe Biden resumed Donald Trump s practice of calling OPEC leader Saudi Arabia and said energy should be kept affordable.
U.S. Energy Secretary Jennifer Granholm said on Twitter she had spoken to Saudi Energy Minister Prince Abdulaziz Bin Salman.
Published April 10, 2021, 1:05 PM
Amid continuing uncertainties posed by the coronavirus pandemic, consumers can look forward to slight relief in their fuel budgets as the cost of gasoline and kerosene prices are anticipated to be on rollback next week.
Based on the calculation of the oil companies, the price of gasoline products will likely be reduced by P0.30 to P0.35 per liter; and kerosene prices to be cut by P0.05 to P0.10 per liter. The cost of diesel will potentially remain steady or unchanged.
MB file photo. (Mark Balmores)
The industry players are expected to implement the price cutbacks at the domestic pumps on Tuesday (April 13), based on the usual course of cost swings they have been enforcing every week.
10 Apr 2021 / 09:00 H. Deal sees OPEC+ output rising 350,000 bpd from May Gradual rise in OPEC+ production continues in June, July U.S. energy secretary, Saudi energy minister hold call (Adds details, end of meeting)
By Alex Lawler, Rania El Gamal and Vladimir Soldatkin
LONDON/DUBAI/MOSCOW, April 1 (Reuters) - OPEC+ agreed on Thursday to gradually ease its oil output cuts from May, sources said, after the new U.S. administration called on Saudi Arabia to keep energy affordable, mirroring Donald Trump s practice of calling OPEC s leader over oil policy.
The group, which has been implementing deep cuts since oil prices collapsed in 2020 due to the coronavirus crisis, agreed to ease production cuts by 350,000 barrels per day (bpd) in May, another 350,000 bpd in June and further 400,000 bpd or so in July.
UPDATE 8-OPEC+ to ease oil curbs from May after U S calls Saudi thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
10 Apr 2021 / 09:01 H.
By Alwyn Scott
NEW YORK, April 1 (Reuters) - Asian markets were set to open higher on Friday in a holiday-lightened trading session, riding a surge of strong factory data and falling bold yields that pushed U.S. and European benchmark stock indexes to record highs.
U.S. President Joe Biden s $2.3 trillion plan to rebuild America s crumbling infrastructure added to the enthusiasm for risk assets, as did accelerating vaccine rollouts.
The China Financial Futures Exchange CIS 300 Index Futures index was up 1.76%, the Nikkei futures index was up 1.23% and E-Mini S&P 500 futures index was up 1.18%. Australia, New Zealand, Hong Kong and Singapore were among the Asian countries observing the Good Friday holiday.