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Iraq says it will not negotiate with OPEC+ its overproduction cut share
Iraq's oil minister affirmed Iraq's commitment to the OPEC+ reduction decision and the compensation of its overproduction share, he said in a statement on Saturday.
The minister added that Iraq has no intention to negotiate with OPEC+ members regarding its oil production share or compensation of overproduction.
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The outlook for US shale oil is slightly more “optimistic” due to rising prices and output will recover further in the second half of 2021, OPEC said on Thursday, in a sign its policy of cutting output is helping rivals pump more.
US total oil supply will rise by 370,000 barrels per day (bpd) in 2021 to 17.99 million bpd, the Organization of the Petroleum Exporting Countries said in a monthly report, up 71,000 bpd from the previous forecast.
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OPEC sees US shale output recovering further on rising oil prices
The outlook for US shale oil is slightly more “optimistic” due to rising prices ...
Energy -
Saudi Arabia deepens cuts as OPEC+ agrees oil output rollover
Saudi Arabia will make additional, voluntary oil output cuts of one million ...
Economy -
Most OPEC+ producers support Saudi stand opposing output increase
Most OPEC+ oil-producing countries oppose plans to increase output from February ...
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