OPEC+ raises oil output by 0.4m b/d, as expected
(Sharecast News) - The Organisation of Petroleum Exporting Countries and its main allies went ahead and raised their combined output target as planned.
Read moreWed, 12th Jan 2022 14:55
(Sharecast News) - The Organisation of Petroleum Exporting Countries and its main allies went ahead and raised their combined output target as planned.
Read more(Sharecast News) - The Organisation of Petroleum Exporting Countries revised its forecasts for global crude oil demand in 2021 and 2022, but said it expected the impact of the Omicron variant to be "mild".
Read more(Sharecast News) - Crude oil futures are trading on the front foot in the early going after Saudi Aramco raised its official selling prices for Asia in January.
Read more(Sharecast News) - The Organisation of the Petroleum Exporting Countries and its allies surprised some oil traders with their decision to go ahead with their previously planned output hike in January - despite the appearance of Omicron, the new strain of Covid-19.
Read more(Sharecast News) - Royal Dutch Shell has launched a $1.5bn share buyback as the first stage of returning cash to shareholders from the sale of its Permian business in the US.
Read more(Sharecast News) - Russia's energy minister cautioned on Monday against hasty decisions in the wake of the discovery of the Omicron variant of Covid-19.
Read more(Sharecast News) - Royal Dutch Shell is to overhaul its complex corporate structure, including shifting its headquarters to the UK and changing its name.
Read more(Sharecast News) - Activist US investor Daniel Loeb called for the breakup of Royal Dutch Shell.
Read more(Sharecast News) - Saudi Aramco 's boss warned on Tuesday of a lack of crude oil production capacity.
Read more(Sharecast News) - The severe drought hitting Brazil has resulted in soaring demand for natural gas to generate electricity, feeding the global gas shortage.
Read more(Sharecast News) - Berenberg upgrade its stance on a host of oil and gas stocks on Friday - including BP - as it argued that share prices across the oil sector remain cheap, with further consensus upgrades to come as higher commodity prices are reflected in estimates.
Read more(Sharecast News) - Morgan Stanley hiked its target prices for European oil majors' shares, telling clients that they were set to generate "high" levels of free cash flow, deleverage their balance sheets "fast" and in turn to increase their shareholder distributions.
Read more(Sharecast News) - You can take Russian officials' remarks on natural gas at face value but prices in Europe may still be headed higher before additional supplies arrive, Goldman Sachs said.
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