OPEC+ Oil Output Books Steepest Decline Since July
OPEC+ oil production fell by 340,000 barrels per day in January, the largest decline in six months.
Source: oilprice.com
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India Is Not Concerned About a Lack of Oil Supply
India is not concerned about a lack of oil supply despite OPEC production cuts and Saudi Arabia’s decision to halt its capacity expansion.
Source: oilprice.com
crude oil | Windfall tax on crude hiked after prices rise, Opec+ to keep its oil output policy unchanged
The tax rates are reviewed every fortnight based on average oil prices in the previous two weeks
Source: telegraphindia.com
Robust Non-OPEC Oil Supply Might Cap Oil Prices
OPEC has predicted that global demand growth will clock in at 2.25 million b/d in 2024 and 1.8 million b/d in 2025 as the Chinese economy grows stronger, well above non-OPEC supply growth at 1.34 million b/d in 2024 and 1.27 million b/d in 2025.
Source: oilprice.com
Oil gains after OPEC+ maintains output cuts, still heads for weekly losses
In the latest tension over shipping, the Iran-aligned Houthi militants in Yemen said on Thursday their naval forces had targeted an unidentified British merchant vessel in the Red Sea.
Source: moneycontrol.com