An oil producer deal to make record output cuts will lend some support this week to oil prices that have lost half their value this year as the coronavirus hammers demand.
FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus Mordant
“If G20 adds about another 10 mln bpd, then the world is meeting the total imbalance from May and this would be a massive relief,” Rystad Energy said. “Still storage will be filled to nearly the top in April, but the market will stabilize.”Russian President Vladimir Putin, U.S. President Donald Trump and Saudi Arabia’s King Salman, all supported the OPEC+ deal to cut global crude output, the Kremlin said on Sunday.
The deal could boost prices whose values have more than halved since the start of the year, before major effects from the pandemic began to sink in. Brent crude futures LCOc1 settled at $31.48 a barrel on Thursday, while U.S. crude futures CLc1 were last at $22.76 a barrel. Canada and Norway signaled a willingness to cut. The United States, where anti-trust legislation makes it hard to act in tandem with cartels such as OPEC, has said its output would fall by as much as 2 million bpd by itself this year because of low prices.
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 allies finalize record oil production cut after days of discussion
続きを読む »
Russia's Novak says hopes OPEC+ to be fully agreed in coming days: RIARussian Energy Minister Alexander Novak said on Sunday he hoped that the group of leading oil producers will fully agree and sign a deal to cut the global crude output in the coming days, Russian state-run RIA news agency reported.
続きを読む »
Russian, Saudi ministers to chair OPEC+ meeting on Sunday: AzerbaijanRussian Energy Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman will chair an OPEC and non-OPEC online meeting later on Sunday, the Azerbaijan energy ministry said.
続きを読む »
Trump says US will 'help Mexico along' with its OPEC+ production cutsPresident Donald Trump said on Friday that the United States would 'help Mexico along' with oil production cuts that it is meant to make under a global deal to shore up slumping crude oil prices, but said the details had yet to be worked out.
続きを読む »
Oil prices are flat after OPEC and allies agree to historic production cutOil prices were flat in overnight trading after OPEC and its allies agreed to a historic deal to cut production by a record 9.7 million barrels per day.
続きを読む »
OPEC+ reaches deal to cut oil production by 9.7 million barrels per dayIn an emergency virtual meeting Sunday, OPEC+ arrived at a deal to slash oil production by 9.7 million barrels a day starting May 1, a senior OPEC source tells CNN. The cuts will remain in place through June, the source said.
続きを読む »