Edition:
United Kingdom

Rania El Gamal

UAE finds its voice within OPEC, complicating oil diplomacy

01 Dec 2020

DUBAI/LONDON/MOSCOW The United Arab Emirates came out of OPEC heavyweight Saudi Arabia's shadow this week by demanding better adherence with oil supply cuts, effectively delaying the latest strategy decision by OPEC and its allies by a few days, sources told Reuters.

OPEC+ postpones talks to December 3 amid disagreements: sources

30 Nov 2020

DUBAI/LONDON/MOSCOW OPEC and allies led by Russia postponed talks on oil output policy for 2021 to Thursday, three sources said on Monday as key players still disagreed on how much oil they should pump amid weak demand due to the coronavirus pandemic.

REFILE-UPDATE 6-OPEC reaches consensus to extend oil cuts in Q1 if allies agree

30 Nov 2020

DUBAI/LONDON/MOSCOW, Nov 30 OPEC members reached a broad consensus on the need to extend existing oil production cuts for three months from January if their allies in the wider OPEC+ group also support such a move, ministers and delegates said on Monday.

OPEC reaches consensus to extend oil cuts by three months, Algeria says

30 Nov 2020

DUBAI/LONDON/MOSCOW OPEC members have reached a consensus on the need to extend existing oil production cuts for three months from January and will work on convincing their allies in the wider OPEC+ group to support such a move, Algeria's minister said on Monday. | Video

OPEC+ to discuss extending oil cuts or gradually raising output, sources say

30 Nov 2020

DUBAI/LONDON, Nov 30 OPEC+ members will consider whether to extend existing oil cuts for three to four months or to gradually increase output from January during their two days of talks that start on Monday, OPEC+ sources told Reuters.

OPEC+ panel's informal online talks postponed to Sunday - source

27 Nov 2020

MOSCOW/DUBAI A panel of OPEC+, a group of leading oil producing countries, will hold informal online talks on Sunday - a day later than scheduled - prior to meetings planned for next week, a source with the knowledge of the matter told Reuters.

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.

UPDATE 4-Saudi calls on OPEC+ to be flexible as it weighs oil cut extension

17 Nov 2020

* OPEC+ agreed record cuts this year as demand plunged (Updates with end of JMMC meeting)

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.

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