OPEC+ Sees Smaller Oil Market Surplus In Q1
OPEC+ expects the surplus on the oil market in the first quarter of 2022 to be some 25 percent lower than it forecast in early December
Source: oilprice.com
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Oil Prices Jittery Ahead Of OPEC+ Meeting
Oil prices fell on Monday morning, erasing small gains from earlier in the day, as OPEC+ is largely expected to continue easing the collective production cuts by 400,000 bpd next month
Source: oilprice.com
OPEC+ Set To Stay The Course On Oil Supply Policy
The OPEC+ group will likely proceed with its oil production policy of the past few months by deciding next week to add another 400,000 barrels per day (bpd) to its collective output quota
Source: oilprice.com
Saudi Exports Surge On Higher Oil Prices
Saudi exports surged in October on the back of higher oil prices, which hit a 2021 peak during that month
Source: oilprice.com
OPEC's November Oil Production Still Below Target
OPEC raised its crude oil production by 285,000 barrels per day (bpd) to 27.72 million bpd in November as it continues to ease the cuts per the OPEC+ deal
Source: oilprice.com