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OPEC+ Flexibility Needs to Cut Both Ways

OPEC+ Flexibility Needs to Cut Both Ways
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.

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UPDATE 3-OPEC+ debates whether to ease oil output cuts, as U.S. resumes energy calls to Saudi

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. ....

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UPDATE 5-OPEC+ agrees oil output rise from May, sources say, after U.S. calls Saudi

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. ....

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New Saudi Projects to Speed Growth of Kingdom's Renewable Energy Sector

New Saudi Projects to Speed Growth of Kingdom's Renewable Energy Sector
aawsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aawsat.com Daily Mail and Mail on Sunday newspapers.

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UPDATE 4-OPEC+ debates whether to ease oil output cuts, as U.S. resumes energy calls to Saudi

10 Apr 2021 / 09:00 H.
U.S. energy secretary, Saudi energy minister hold call
Biden team had till now avoided Trump s approach to OPEC+
Saudi opens talks with call for cautious stance (Updates with start of OPEC+ meeting)
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 new U.S. administration resumed Donald Trump s practice of calling OPEC leader Saudi Arabia over policy and said energy should be kept affordable.
Jennifer Granholm, the new energy secretary appointed by U.S. President Joe Biden, said on Twitter she had spoken to Saudi Energy Minister Prince Abdulaziz Bin Salman. ....

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