Energy

OPEC+ will keep oil policy unchanged in review talks, sources say

OPEC met on Saturday for admin discussions No discussions of Russian price cap so far – delegates OPEC+ to hold virtual meeting on Dec. 4 LONDON/DUBAI, Dec 3 (Reuters) – OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, a day after the Group …

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Oil dips 1.5% ahead of OPEC+ meeting, EU Russian oil ban

Crude futures rise this week after three weeks of losses OPEC+ seen heading for oil policy rollover, cut not ruled out Oil prices could fall without further OPEC+ cut, analysts say Poland agrees to EU’s deal for $60 per barrel price cap Russian oil output could fall by 500,000-1 mln bpd -sources HOUSTON, Dec 2 …

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OPEC+ seen heading for oil policy rollover, cut not ruled out

OPEC+ seen sticking with current policy – delegates Group to hold virtual meeting on Dec. 4 Kuwait KPC CEO: Buyers not seeking more oil, maybe seeking less Analysts, some delegates say don’t rule out cut LONDON/DUBAI, Dec 2 (Reuters) – OPEC+ is likely to stick to its current oil output target when it meets on …

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Oil output cuts on the table ahead of Russia sanctions

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg | GettyImages OPEC and non-OPEC oil producers could impose deeper oil output cuts on Sunday, energy analysts said, as the influential energy alliance weighs the impact …

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Russian oil sanctions are about to kick in. And they could disrupt markets in a big way

European oil sanctions are due to kick in on December 5. The idea is to reduce oil revenues for Russia given its war in Ukraine. Andrey Rudakov | Bloomberg | GettyImages Upcoming sanctions on Russian oil are set to be “really disruptive” for energy markets if European nations fail to set a cap on prices, …

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Goldman Sachs sees ‘high probability’ of OPEC+ production cut

A group of some of the world’s most powerful oil producers is highly likely to take further measures to stem a price decline and try to balance the market, according to Goldman Sachs. OPEC and non-OPEC producers, an influential energy alliance known as OPEC+, will convene in Vienna, Austria on Dec. 4 to decide on …

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Goldman Sachs sees ‘high probability’ of OPEC+ production cut

A group of some of the world’s most powerful oil producers is highly likely to take further measures to stem a price decline and try to balance the market, according to Goldman Sachs. OPEC and non-OPEC producers, an influential energy alliance known as OPEC+, will convene in Vienna, Austria on Dec. 4 to decide on …

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Renewable Boom Saves India From String Of Mass Blackouts

India’s power grid has been more resilient over the past weeks than it was at the same time last year when a coal shortage led to widespread blackouts. Part of the reason for the enhanced resilience was the surging renewable capacity which has reduced the stress on coal-fired generators, which continue to provide around 70% …

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