Oil prices rose more than 2% early on Monday to their highest in three months after OPEC and its allies including Russia agreed to extend record oil production cuts until the end of July.
FILE PHOTO: A worker at an oil field owned by Bashneft, Bashkortostan, Russia, in this January 28, 2015 file photo. REUTERS/Sergei Karpukhin
Brent has nearly doubled since the start of April, propped up by an unprecedented production cut of 9.7 million barrels per day by the Organization of the Petroleum Exporting Countries , Russia and allies. Following the deal, world’s top exporter Saudi Arabia sharply raised its monthly crude prices for July.“While the errant producers such as Iraq and Nigeria have vowed to reach 100% conformity and compensate for prior underperformance, we still think they will likely continue to have some commitment issues over the course of the summer,” Helima Croft, head of global commodity strategy at RBC Capital Markets, said.
In southwestern Libya, two major oilfields have reopened after months of a blockade that shut off most of the country’s production.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
OPEC and its allies reach deal to cut oil production through JulyOPEC and all but one of its allied countries agreed to extend record oil production cuts through July. The group met virtually over a video conference. The lone dissenter was Mexico, which stuck to its April agreement.
続きを読む »
OPEC and its allies agree to extend production cuts to promote oil market recoveryIn a victory for Saudi Arabia and Russia, OPEC and other oil producers agree to a one-month extension of their record cuts in output.
続きを読む »
OPEC, Russia meet to extend record oil cuts, push for complianceOPEC and its allies led by Russia meet on Saturday to approve extending record oil production cuts and to push countries such as Iraq and Nigeria to comply better with existing curbs.
続きを読む »
Mexico to sit out extension of OPEC+ oil output cutsMexico will not join other top oil producers in extending through July output cuts aimed at propping up the price of crude, Energy Minister Rocio Nahle said on Saturday.
続きを読む »