Most OPEC+ producers oppose Feb output increase - sources
Most OPEC+ oil-producing countries oppose plans to increase output from February as winter lockdowns to contain the coronavirus choke demand, three OPEC+ sources told Reuters on Monday.
Worried about weak oil demand, OPEC pledges action
OPEC and allied producers on Monday pledged action to support the oil market as concerns mounted that a second wave of the COVID-19 pandemic will hobble demand and an earlier plan to raise output from next year would further depress prices.
Oil down 3% after Trump gets coronavirus and economies wobble
Oil prices fell 3% on Friday after U.S. President Donald Trump tested positive for COVID-19, roiling risky assets, and as rising global crude output threatens to overwhelm the market’s weak recovery.
Russia's Gazprom Neft sees oil demand returning to pre-crisis levels in second-half 2021
The chief executive of Russian oil producer Gazprom Neft SIBN.MM said he expects global oil consumption to return to pre-crisis level in the second half of 2021, slightly later than the energy ministry's forecast for the second quarter.
OPEC+ panel focuses on compliance with oil cuts, calls for 'vigilance'
Compliance with OPEC+ oil output cuts is seen at 95% to 97% in July, according to OPEC+ sources and a draft report seen by Reuters on Monday, two days ahead of a meeting of key OPEC+ producers to review adherence with their production pact as demand slowly recovers.
OPEC July oil output surges as Gulf voluntary cuts end: survey
OPEC oil output has risen by over 1 million barrels per day (bpd) in July as Saudi Arabia and other Gulf members ended their voluntary extra supply curbs on top of an OPEC-led deal, and other members made limited progress on compliance.
Oil slips slightly on rising coronavirus cases, returning Libyan supplies
Oil prices slipped on Tuesday as investors worried that rising COVID-19 cases would hurt demand while supply could rise with a potential resurgence of Libyan oil production, which has slowed to a trickle since the start of the year.
Oil steady on tighter supply, but virus fears cap gains
Oil prices were steady on Monday, supported by tighter supplies from major producers but held in check by concerns over a rise in coronavirus infections worldwide that could stall a recovery in fuel demand.
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