OPEC+

Liam Denning. Illustration: TBS
Thoughts

Biden’s stock-and-awe oil offensive

His plan to release reserves along with several other countries can dampen prices temporarily

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US April 21, 2020. REUTERS/Drone Base
Global Economy

US discussing joint reserves release with China, others in aim at OPEC

Photo: Reuters
Global Economy

Oil hits multi-year high on OPEC+ restraint amid global energy crunch

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo
Global Economy

Oil slips as OPEC+ weighs output boost for tight market

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
Global Economy

OPEC+ raises 2022 oil demand growth forecast

A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver/File Photo
Global Economy

Oil falls as US refiners shut down by damage from Hurricane Ida

The International Energy Agency forecasts India's consumption to double and its oil import bill to nearly triple from 2019 levels to more than $250 billion by 2040. Representative Image: REUTERS
Global Economy

Oil firms after slide but Covid-19 and supply concerns remain

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford
Global Economy

Oil rebounds, but gains limited amid demand concerns as India reels from Covid-19

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020/ Reuters
Global Economy

Oil prices dip after OPEC+ agree to ease output cuts

A view of the PES Refinery in Philadelphia, Pennsylvania, US, November 2, 2020. Picture taken November 2, 2020. REUTERS/Dane Rhys
Global Economy

Oil prices slip as focus switches from Suez Canal blockage to OPEC+ supply policy

A man paints the logo of oil refiner Bharat Petroleum Corp (BPCL) on a wall on the outskirts of Kochi, India, November 21, 2019. Reuters/Sivaram V
Global Economy

India readies Saudi oil import cut as stand-off escalates

The logo of the Organization of the Petroleum Exporting Countries (OPEC) on a flag at the oil producer group's headquarters in Vienna, Austria, December 7, 2018. Photo:Reuters
Global Economy

Oil guzzler India says OPEC+ decision to hit economic recovery

FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo
Global Economy

Oil soars to near 14-month high as OPEC+ extends output cuts into April