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Alex Lawler

OPEC+ leaning towards oil cut extension, despite rally: sources

25 Nov 2020

MOSCOW/LONDON OPEC and allies including Russia are leaning towards delaying next year's planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, three sources close to OPEC+ said.

OPEC+ leaning towards oil cut extension, despite rally - sources

25 Nov 2020

* Producers considering delaying 2 million bpd output increase

OPEC experts meet ahead of next week's crucial gathering

23 Nov 2020

LONDON OPEC and its allies are bracing for a week of technical meetings to prepare the ground for next week's ministerial gathering, which is set to discuss extending oil output curbs into next year due to weak demand amid a second wave of COVID-19.

Saudi calls on OPEC+ to be flexible as it weighs oil cut extension

17 Nov 2020

DUBAI/MOSCOW/LONDON Saudi Arabia called on fellow OPEC+ members on Tuesday to be flexible in responding to oil market needs as it builds the case for a tighter oil production policy in 2021 to tackle weaker demand amid a new wave of the coronavirus pandemic.

Saudi calls on OPEC+ to be flexible as it weighs oil cut extension

17 Nov 2020

DUBAI/MOSCOW/LONDON Saudi Arabia called on fellow OPEC+ members on Tuesday to be flexible in responding to oil market needs as it builds the case for a tighter oil production policy in 2021 to tackle weaker demand amid a new wave of the coronavirus pandemic.

Exclusive: OPEC+ sees oil cut extension curbing 2021 rise in oil stocks, document shows

17 Nov 2020

DUBAI/LONDON/MOSCOW OPEC and its allies see oil inventories declining further in 2021 should producers extend supply curbs for three months or more, a confidential document seen by Reuters shows, supporting the case for a tighter policy on crude output next year.

OPEC+ weighs oil cuts extension, sees weaker compliance

16 Nov 2020

DUBAI/LONDON OPEC and allies including Russia are leaning towards postponement of a planned January increase to oil output by at least three months to support prices as the COVID-19 pandemic continues its second wave, sources told Reuters on Monday.

OPEC+ starts meetings to weigh further steps to support market

16 Nov 2020

LONDON, Nov 16 The Organization of Petroleum Exporting Countries and allies started meetings on Monday that will look at further action to support the oil market in 2021, as the second wave of coronavirus weighs on demand and prices.

OPEC expects coronavirus to curb oil demand recovery into 2021

11 Nov 2020

LONDON Global oil demand will rebound more slowly in 2021 than previously thought because of rising coronavirus cases, OPEC said on Wednesday, hampering efforts by the group and its allies to support the market. | Video

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