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Top related persons:
Olesya Astakhova - 2 Alex Lawler - 2 Ahmad Ghaddar - 2 Dado - 1 Maha El - 1 Mark Potter - 1 Kim Coghill - 1 Dado Ruvic - 1
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REUTERS - 2 OPEC - 2 Thomson - 2 Rights - 1 United - 1 Brent - 1 Oil - 1 Ministers - 1

Search resuls for: "Olesya Astakhova Alex Lawler"


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☆ OPEC+ talks continue, no meeting delay currently expected, sources say
  + stars: | 2023-11-29 | by ( Maha El Dahan Olesya Astakhova Alex Lawler | Maha El Dahan | Olesya Astakhova | ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsDUBAI/LONDON, Nov 29 (Reuters) - OPEC+ is continuing to hold talks on 2024 oil policy, with no delay to a meeting scheduled for Thursday currently expected, two sources from the producer group said on Wednesday. On Tuesday, sources had said a further delay to the meeting was possible amid talks which one of them described as difficult as countries maintained their positions. "The negotiations are ongoing, but no delay is expected," one of the sources said. OPEC+ sources said this was because of a disagreement over output quotas for African producers, though sources since said the group had moved closer to a compromise on this point. OPEC+ talks over production quotas have often been difficult in the past, most recently at their June meeting, which extended existing oil output cuts into 2024 and agreed the increase for the UAE because of its efforts to expand production capacity.
Persons: Dado, Maha El, Olesya Astakhova, Alex Lawler, Ahmad Ghaddar, Mark Potter, Kim Coghill Organizations: REUTERS, Rights, United, Brent, OPEC, Thomson Locations: Rights DUBAI, LONDON, OPEC, United Arab Emirates, UAE, Saudi Arabia, Russia, Saudi
☆ OPEC+ to consider whether more oil cuts needed - sources
  + stars: | 2023-11-17 | by ( Olesya Astakhova Alex Lawler | Olesya Astakhova | Alex Lawler | ) www.reuters.com   time to read: +3 min
Concern about demand and a possible surplus next year has pressured prices, despite support from the OPEC+ cuts and conflict in the Middle East. The cuts include 3.66 million bpd by OPEC+ and additional voluntary cuts by Saudi Arabia and Russia. Two other OPEC+ sources said deeper cuts could be discussed. "It is not pleasant to see that market volatility is greater ahead of the next meeting while fundamentals overall remain solid," one of the OPEC+ sources said. While three sources said more cuts could be required, two other OPEC+ sources said it was too early to say whether further cuts will be discussed, while another said he did not think it was likely with the caveat to "wait and see".
Persons: Dado Ruvic, Brent, Olesya Astakhova, Alex Lawler, Ahmad Ghaddar, El, Dmitry Zhdannikov, Simon Webb, David Evans Organizations: REUTERS, Oil, OPEC, Ministers, Organization of, Petroleum, Saudi Energy Ministry, International Energy Agency, Reuters, Energy, Thomson Locations: Saudi Arabia, LONDON, East, Russia, OPEC, Saudi
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