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United Kingdom

Alex Lawler

Worried about weak oil demand, OPEC pledges action

19 Oct 2020

LONDON/MOSCOW/DUBAI 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.

OPEC+ will ensure oil prices do not plunge again, says OPEC chief

15 Oct 2020

LONDON - The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC's Secretary General said on Thursday, adding that demand has been recovering more slowly than expected.

OPEC cuts 2021 oil demand forecast again as virus cases rise

13 Oct 2020

LONDON World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding to headwinds faced by the group and its allies in balancing the market.

OPEC, in major shift, says oil demand to plateau in late 2030s

08 Oct 2020

LONDON World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.

OPEC, in major shift, says oil demand to plateau in late 2030s

08 Oct 2020

* Sees OPEC supply in 2025 still below 2019 as rivals pump more

OPEC September oil output rises for third month on Libya restart, Iran

30 Sep 2020

LONDON OPEC oil output has risen for a third month in September, a Reuters survey found, as a restart of some Libyan installations and higher Iranian exports offset strong adherence by other members to an OPEC-led supply cut deal.

Iran's oil exports jump in September defying sanctions: TankerTrackers

25 Sep 2020

LONDON Iranian oil exports have risen sharply in September in defiance of U.S. sanctions, three assessments based on tanker tracking showed, throwing a lifeline to the Islamic Republic and its collapsing economy.

World News