OPEC’s internal simulations suggest the global crude market could experience a glut if producers relax their current curbs on production too quickly
JEDDAH, Saudi Arabia—The Organization of the Petroleum Exporting Countries and its allies are set to debate at least two scenarios that would increase oil production beyond current levels, according to people familiar with the discussions.
If the group ultimately chooses to increase production, there’s a hitch: The cartel’s internal simulations suggest the global crude market could experience a glut if producers relax their current curbs on production too quickly.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Saudi's Falih says not sure there is oil shortage, OPEC will actSaudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC w...
Read more »
Exclusive: Saudi's Falih says oil stocks still building, but OPEC to act if neededSaudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC w...
Read more »
Exclusive: Saudi's Falih says sees no oil shortage, but OPEC to act if neededSaudi Arabia's Energy Minister Khalid al-Falih said on Saturday that he saw...
Read more »
OPEC sees more 2019 demand for its oil as it keeps cutting outputOPEC said on Tuesday that world demand for its oil would be higher than expected...
Read more »
Oil prices head for 3% weekly gain as OPEC panel meeting convenes amid Middle East upheavalOil futures climb Friday for a fourth straight session, taking both benchmarks to weekly gains to 3%, as any potential demand worries tied to stock-market volatility were offset by supply concerns linked to Middle East tensions.
Read more »
Oil supply crunch to test OPEC's spare capacityOil production capacity could fall to under one percent of global oil demand by ...
Read more »
OPEC sees more 2019 demand for its oil as it keeps cutting outputOPEC said on Tuesday that world demand for its oil would be higher than expected...
Read more »
Oil prices head for 3% weekly gain as OPEC panel meeting convenes amid Middle East upheavalOil futures climb Friday for a fourth straight session, taking both benchmarks to weekly gains to 3%, as any potential demand worries tied to stock-market volatility were offset by supply concerns linked to Middle East tensions.
Read more »
Exclusive: Saudi's Falih says not sure there is oil shortage, OPEC will actSaudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC w...
Read more »
Exclusive: Saudi's Falih says oil stocks still building, but OPEC to act if neededSaudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC w...
Read more »
Exclusive: Saudi's Falih says sees no oil shortage, but OPEC to act if neededSaudi Arabia's Energy Minister Khalid al-Falih said on Saturday that he saw...
Read more »