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Global economic growth estimate of 4.8% will increase oil demand, market stability in 2021— OPEC

By Udeme Akpan
THE Organisation of Petroleum Exporting Countries, OPEC, has stressed that the estimated 4.8 per cent global growth will culminate in oil market stability this year.
This is even as the price of Bonny Light, Nigeria’s premium oil grade, dropped from $65.70 to $63.11, while OPEC Basket, and other crudes also dropped marginally over uncertainty about the outcome on the ongoing 49th Meeting of the Joint Technical Committee (JTC) (Videoconference).
However, speaking at the meeting, monitored by Vanguard, HE Mohammad Sanusi Barkindo,Secretary General, OPEC, stated:
“The economic recovery is gaining momentum. This is reflected in our latest global growth estimate of 4.8% for 2021, up from the 4.4% projection we shared at our last meeting.

China , United-states , India , Nigeria , Texas , Mohammad-sanusi-barkindo , Udeme-akpan , Dharmendra-pradhan , Jay-powell , International-monetary-fund , Organisation-of-petroleum-exporting-countries , Symposium-on-energy-outlooks

World oil prices reach their highest levels in nearly two years

World oil prices reach their highest levels in nearly two years
By: Times News Service
Photo used for illustrative purpose only
Muscat: World oil prices closed on Friday at their highest levels in nearly two years, after producers agreed to increase supply from April by a smaller amount than expected.
The price of a barrel of Brent North Sea crude for May delivery rose by 3.9 per cent to $69.66 in London, its highest closing price since April 2019.
In New York, the price of a West Texas Intermediate (WTI) per barrel for April delivery rose by 3.5 per cent and reached $ 66.9, the highest closing level in 22 months.

Mexico , New-york , United-states , Algeria , Texas , Kuwait , Saudi-arabia , Russia , London , City-of , United-kingdom , Russian-federation

Global growth estimate of 4.8% will increase oil demand, market stability in 2021

THE Organisation of Petroleum Exporting Countries, OPEC, has stressed that the estimated 4.8 per cent global growth will culminate in oil market stability this year.

China , United-states , India , Nigeria , Texas , Mohammad-sanusi-barkindo , Udeme-akpan , Dharmendra-pradhan , Jay-powell , International-monetary-fund , Organisation-of-petroleum-exporting-countries , Symposium-on-energy-outlooks

Vaccine rollouts supporting oil market recovery hopes -Kuwait minister

Read more about Vaccine rollouts supporting oil market recovery hopes -Kuwait minister on Devdiscourse

Kuwait , Kuwaiti , Mohammad-al , Dharmendra-pradhan , Organization-of-the-petroleum-exporting-countries , Symposium-on-energy-outlooks , Kuwaiti-oil , Kuwaiti-oil-minister-mohammad-al-fares , Petroleum-exporting-countries , Energy-outlooks , Opec , குவைத்

India reaches out to Russia ahead of OPEC+ meeting on output cuts

India Business News: NEW DELHI: Two days before OPEC+ ministers decide on production cuts, India reached out to Russia - the heavyweight in the expanded grouping of oil-pr.

Saudi-arabia , Moscow , Moskva , Russia , India , Russian , Dharmendra-pradhan , Pavel-sorokin , Symposium-on-energy-outlooks , India-energy-office , Tarun-kapoor , Energy-outlooks

Oil Price Forecast: Crude Technical Outlook Mired by RSI Sell Signal

A textbook sell signal has emerged in the Relative Strength Index (RSI) as the oscillator falls back from overbought territory and slips below 70.

Mohammad-barkindo , Oil-price , Oil-price-daily , Oil-price-talking-points , Energy-information-administration , Organization-of-the-petroleum-exporting-countries , Weekly-us-field-production-of-crude-oil , Symposium-on-energy-outlooks , Image-of-oil , Ministerial-monitoring-committee , Oil-price-talking , Relative-strength-index

Oil demand to bounce back this year, says report | Hellenic Shipping News Worldwide

Oil demand to bounce back this year, says report
The Covid pandemic led to oil demand contracting by 9-10 million barrels per day in 2020, but it is expected to rebound by 5-6 million barrels per day this year, a major symposium heard.
The pandemic has also led to a downward revision in long-term annual economic growth by as much as 0.8 percentage points in some outlooks, a high-level report noted.
The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (Opec) hosted the 11th IEA-IEF-Opec Symposium on Energy Outlooks to examine the impact of the Covid-19 pandemic on global energy markets and the outlook for global energy security and market stability.

Mexico , Saudi-arabia , India , Nigeria , Paris , France-general , France , Spencer-dale , Timipre-sylva , Yury-sentyurin , Mohammad-sanusi-barkindo , Shri-dharmendra-pradhan

After a year, pandemic has shown 'vulnerability' of shale: Occidental CEO | Hellenic Shipping News Worldwide

After a year, pandemic has shown 'vulnerability' of shale: Occidental CEO | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Vicki-hollub , Occidental-petroleum , Symposium-on-energy-outlooks , International-energy-agency-forum , International-energy , Energy-outlooks , தற்செயலானது-பெட்ரோலியம் , சிம்போசியம்-ஆன்-ஆற்றல்-ஔட்‌லுக்ஸ் , சர்வதேச-ஆற்றல் , ஆற்றல்-ஔட்‌லுக்ஸ் ,

IEA-IEF-OPEC Symposium on Energy Outlooks discusses global energy security and market stability

(MENAFN - Emirates News Agency (WAM)) RIYADH, 17th February, 2021 (WAM) -- The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organisation of the Petroleum Exporting Countries (OPEC) today hosted the 11th IEA-IEF-OPEC Symposium on Energy Outlooks to examine the impact of the COVID-19 pandemic on global energy markets and the outlook for global energy security and market stability.
Hosted by the IEF, the symposium reviewed the IEA's and OPEC's short-, medium- and longterm outlooks, which are analysed in the newly released IEF-RFF Outlooks Comparison Report. Produced by the IEF and Resources For the Future (RFF), the report highlights a reset in energy outlooks after the biggest demand shock in history last year.

Mexico , Riyadh , Ar-riya , Saudi-arabia , Mohammad-sanusi-barkindo , Joseph-mcmonigle , Fatih-birol , International-energy-agency , International-energy-forum , Symposium-on-energy-outlooks , Organisation-of-the-petroleum-exporting-countries , Emirates-news-agency

After Rajasthan, petrol crosses Rs 100-mark in Madhya Pradesh

After Rajasthan, petrol price on Thursday crossed the Rs 100 per litre mark in Madhya Pradesh after fuel rates were increased for the tenth day in a row. Petrol price was hiked by 34 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers.

Anuppur , Madhya-pradesh , India , Mumbai , Maharashtra , Sri-ganganagar , Rajasthan , Saudi-arabia , Delhi , Russia , Narendra-modi , Dharmendra-pradhan