OPEC+ deadlock is bad news for oil producers and consumers, IEA warns

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OPEC+ deadlock is bad news for oil producers and consumers, IEA warns

CNBC2021-07-13

LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...

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Comment（13）

TG_Monster
·2021-07-13
[What] gg
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4
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- BKZH:
  ?
  2021-07-13
  Reply
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Jason7890
·2021-07-13
XLE gogogo?
Reply
2
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JLUljs
·2021-07-13
Yes yes...OPEC please continue with the hanky panky...EV stocks gonna go up up ??
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3
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- MMinn:
  Yes. go go
  2021-07-13
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- Mourinho10:
  Yes
  2021-07-13
  Reply
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Tygress
·2021-07-13
Is OPEC still serving its purpose?
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5
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Menghui
·2021-07-13
Comment ok
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5
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- EmmanuelQeen:
  ok
  2021-07-13
  Reply
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- Brugelion:
  Ok
  2021-07-13
  Reply
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Ahleepapa
·2021-07-13
BULLISH
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3
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- Redbull97:
  Yes
  2021-07-13
  Reply
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James3128
·2021-07-13
Hi
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3
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- James3128:
  Hi
  2021-07-13
  Reply
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James3128
·2021-07-13
Pls comment and like
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2
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- James3128:
  Hi
  2021-07-13
  Reply
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gachaboi123
·2021-07-13
Please like and comment!
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AhBun
·2021-07-13
??
Reply
7
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- gachaboi123:
  nice
  2021-07-13
  Reply
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kinhou23
·2021-07-13
Ok
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OldYee
·2021-07-13
As usual, too many smart chefs, all has own agenda and unable to see big picture for greater goods. All looking for own gains... ? Sigh....
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- Expert126:
  lol
  2021-07-13
  Reply
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CCloh
·2021-07-13
[財迷] [財迷] [財迷] [財迷] [財迷]
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And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. 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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5206536,"gmtCreate":1626177888579,"gmtModify":1663230912841,"authorId":3572945992604664,"author":{"id":3572945992604664,"idStr":"3572945992604664","authorId":3572945992604664,"name":"BKZH","avatar":"https://static.tigerbbs.com/3e399456296d456e84f8cea78347bf08","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142717007,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":142713856,"gmtCreate":1626176028175,"gmtModify":1703754827146,"author":{"id":"3559732583760300","authorId":"3559732583760300","name":"Jason7890","avatar":"https://static.tigerbbs.com/7f2abf8ef7cf6c1e2a2371d9882f2b91","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3559732583760300","authorIdStr":"3559732583760300"},"htmlText":"XLE gogogo?","listText":"XLE gogogo?","text":"XLE gogogo?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142713856","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142719942,"gmtCreate":1626175889686,"gmtModify":1703754825199,"author":{"id":"3580016166379606","authorId":"3580016166379606","name":"JLUljs","avatar":"https://static.tigerbbs.com/16b88b4c5c83f1a751fffbd8db4211e2","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":3,"crmLevelSwitch":0,"idStr":"3580016166379606","authorIdStr":"3580016166379606"},"htmlText":"Yes yes...OPEC please continue with the hanky panky...EV stocks gonna go up up ??","listText":"Yes yes...OPEC please continue with the hanky panky...EV stocks gonna go up up ??","text":"Yes yes...OPEC please continue with the hanky panky...EV stocks gonna go up up ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/142719942","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5206403,"gmtCreate":1626176398087,"gmtModify":1663230911630,"authorId":3573694513396649,"author":{"id":3573694513396649,"idStr":"3573694513396649","authorId":3573694513396649,"name":"MMinn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142719942,"type":1,"supId":0,"prevId":0,"content":"Yes. go go","text":"Yes. go go","html":"Yes. go go"},{"id":5206422,"gmtCreate":1626176634335,"gmtModify":1663230910943,"authorId":3552204947633728,"author":{"id":3552204947633728,"idStr":"3552204947633728","authorId":3552204947633728,"name":"Mourinho10","avatar":"https://static.tigerbbs.com/09c0bff118437529aa16b4350b6facdb","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142719942,"type":1,"supId":5206403,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":142736288,"gmtCreate":1626175497944,"gmtModify":1703754817896,"author":{"id":"3579340169444210","authorId":"3579340169444210","name":"Tygress","avatar":"https://static.tigerbbs.com/0833a8ce5ec739350942784874a15f01","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579340169444210","authorIdStr":"3579340169444210"},"htmlText":"Is OPEC still serving its purpose?&nbsp;","listText":"Is OPEC still serving its purpose?&nbsp;","text":"Is OPEC still serving its purpose?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142736288","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142793411,"gmtCreate":1626174393433,"gmtModify":1703754798354,"author":{"id":"3573208750244335","authorId":"3573208750244335","name":"Menghui","avatar":"https://static.tigerbbs.com/78313b2880982008ec8b550c3e213dd7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3573208750244335","authorIdStr":"3573208750244335"},"htmlText":"Comment ok","listText":"Comment ok","text":"Comment ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/142793411","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5206340,"gmtCreate":1626175740873,"gmtModify":1663230911438,"authorId":3569477879515338,"author":{"id":3569477879515338,"idStr":"3569477879515338","authorId":3569477879515338,"name":"EmmanuelQeen","avatar":"https://static.tigerbbs.com/229c717db2c50af149c3454594cc38dd","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142793411,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":5206661,"gmtCreate":1626179263596,"gmtModify":1663230910141,"authorId":3582276661346153,"author":{"id":3582276661346153,"idStr":"3582276661346153","authorId":3582276661346153,"name":"Brugelion","avatar":"https://static.tigerbbs.com/54098bd61c6b611c9e10125198ccdda0","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142793411,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":142706668,"gmtCreate":1626173835854,"gmtModify":1703754787569,"author":{"id":"3585038405943602","authorId":"3585038405943602","name":"Ahleepapa","avatar":"https://static.tigerbbs.com/dcc1fea9c38112b58c68a2d96017330b","vip":1,"crmLevel":1,"crmLevelSwitch":1,"idStr":"3585038405943602","authorIdStr":"3585038405943602"},"htmlText":"BULLISH","listText":"BULLISH","text":"BULLISH","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/142706668","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5206247,"gmtCreate":1626174734763,"gmtModify":1663230909334,"authorId":3560821847719018,"author":{"id":3560821847719018,"idStr":"3560821847719018","authorId":3560821847719018,"name":"Redbull97","avatar":"https://static.tigerbbs.com/d317a33208fcb7b6089b04f6bd63aa58","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142706668,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":142708771,"gmtCreate":1626173791193,"gmtModify":1703754786579,"author":{"id":"3554270654692944","authorId":"3554270654692944","name":"James3128","avatar":"https://static.tigerbbs.com/5ace08c09b102c90559617c6182a8216","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3554270654692944","authorIdStr":"3554270654692944"},"htmlText":"Hi&nbsp;","listText":"Hi&nbsp;","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/142708771","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5206138,"gmtCreate":1626173799401,"gmtModify":1663230910333,"authorId":3554270654692944,"author":{"id":3554270654692944,"idStr":"3554270654692944","authorId":3554270654692944,"name":"James3128","avatar":"https://static.tigerbbs.com/5ace08c09b102c90559617c6182a8216","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.04%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142708771,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":142708846,"gmtCreate":1626173751385,"gmtModify":1703754785924,"author":{"id":"3554270654692944","authorId":"3554270654692944","name":"James3128","avatar":"https://static.tigerbbs.com/5ace08c09b102c90559617c6182a8216","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3554270654692944","authorIdStr":"3554270654692944"},"htmlText":"Pls comment and like&nbsp;","listText":"Pls comment and like&nbsp;","text":"Pls comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/142708846","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5206142,"gmtCreate":1626173809122,"gmtModify":1663230910143,"authorId":3554270654692944,"author":{"id":3554270654692944,"idStr":"3554270654692944","authorId":3554270654692944,"name":"James3128","avatar":"https://static.tigerbbs.com/5ace08c09b102c90559617c6182a8216","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.04%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142708846,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":142701148,"gmtCreate":1626173649384,"gmtModify":1703754784128,"author":{"id":"4087304258366280","authorId":"4087304258366280","name":"gachaboi123","avatar":"https://static.tigerbbs.com/cb83c17f0db9b4c88e80fb28cca1aab8","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4087304258366280","authorIdStr":"4087304258366280"},"htmlText":"Please like and comment!","listText":"Please like and comment!","text":"Please like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142701148","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142703259,"gmtCreate":1626173596671,"gmtModify":1703754782659,"author":{"id":"3573631206238142","authorId":"3573631206238142","name":"AhBun","avatar":"https://static.tigerbbs.com/3361dda37a9149e948a50ba4d5d71b28","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3573631206238142","authorIdStr":"3573631206238142"},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/142703259","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5206128,"gmtCreate":1626173658264,"gmtModify":1663230906450,"authorId":4087304258366280,"author":{"id":4087304258366280,"idStr":"4087304258366280","authorId":4087304258366280,"name":"gachaboi123","avatar":"https://static.tigerbbs.com/cb83c17f0db9b4c88e80fb28cca1aab8","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142703259,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"}],"langContent":"EN"},{"id":142709170,"gmtCreate":1626173512190,"gmtModify":1703754781031,"author":{"id":"4088494712199650","authorId":"4088494712199650","name":"kinhou23","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088494712199650","authorIdStr":"4088494712199650"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142709170","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142477478,"gmtCreate":1626173378794,"gmtModify":1703754778208,"author":{"id":"4087988953652370","authorId":"4087988953652370","name":"OldYee","avatar":"https://static.tigerbbs.com/5c23051d333adc2bd3e4ab06bd2068ce","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087988953652370","authorIdStr":"4087988953652370"},"htmlText":"As usual, too many smart chefs, all has own agenda and unable to see big picture for greater goods. All looking for own gains... ? Sigh....","listText":"As usual, too many smart chefs, all has own agenda and unable to see big picture for greater goods. All looking for own gains... ? Sigh....","text":"As usual, too many smart chefs, all has own agenda and unable to see big picture for greater goods. All looking for own gains... ? Sigh....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/142477478","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5206125,"gmtCreate":1626173636944,"gmtModify":1663230910553,"authorId":3554886109685293,"author":{"id":3554886109685293,"idStr":"3554886109685293","authorId":3554886109685293,"name":"Expert126","avatar":"https://static.tigerbbs.com/2d4304f2ec7fabd9d599a3ba8b2a17e0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142477478,"type":1,"supId":0,"prevId":0,"content":"<u>lol</u>","text":"<u>lol</u>","html":"<u>lol</u>"}],"langContent":"EN"},{"id":142477135,"gmtCreate":1626173361027,"gmtModify":1703754777883,"author":{"id":"3563170791847326","authorId":"3563170791847326","name":"CCloh","avatar":"https://static.tigerbbs.com/66f1a484eca5e26ebaa4095ebe55efdd","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3563170791847326","authorIdStr":"3563170791847326"},"htmlText":"[財迷]&nbsp;[財迷]&nbsp;[財迷]&nbsp;[財迷]&nbsp;[財迷]&nbsp;","listText":"[財迷]&nbsp;[財迷]&nbsp;[財迷]&nbsp;[財迷]&nbsp;[財迷]&nbsp;","text":"[財迷] [財迷] [財迷] [財迷] [財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142477135","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","pubTimestamp":1626173017,"share":"https://ttm.financial/m/news/1132843330?lang=&edition=fundamental","pubTime":"2021-07-13 18:43","market":"fut","language":"en","title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","media":"CNBC","summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","content":"<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ deadlock is bad news for oil producers and consumers, IEA warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ deadlock is bad news for oil producers and consumers, IEA warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132843330","content_text":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.\nIn its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect of a deepening supply deficit if a deal was not reached by the Organization of the Petroleum Exporting Countries and its oil-producing allies, a group known as OPEC+.\n\"Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy. And volatility does not help ensure orderly and secure energy transitions — nor is it in the interest of either producers or consumers,\" the IEA said.\nOPEC+abandoned talks last weekthat would have boosted oil supply. Most delegates tentatively agreed to increase oil production by around 400,000 barrels per day in monthly installments from August until the remaining supply cuts were unwound. This was likely to extend supply cuts through to the end of 2022.\nThe UAE rejected these plans, however, insisting on a higher baseline from which cuts are calculated to better reflect its increased capacity.\nIt means no agreement has been reached on a possible increase in crude production beyond the end of July, leaving oil markets in a state of limbo just as global fuel demand recovers from the ongoing coronavirus crisis.\nOPEC+, which is dominated by Middle East crude producers, agreed to implement massive crude production cuts last year in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.\nThe energy alliance has since met monthly to try to decide on the next phase of production policy.\nOPEC+ has not made progress in resolving the dispute between OPEC kingpin Saudi Arabia and the UAE, Reuters reported on Tuesday, citing unnamed OPEC+ sources. It makes the prospect of another policy meeting this week less likely.\nOil prices\nThe IEA said it expects global oil demand to rise by 5.4 million barrels per day this year and by a further 3 million barrels in 2022, largely unchanged from last month's forecast.\nMeanwhile, the \"remote\" possibility of a market share battle between producers is hanging over energy markets, the IEA said, warning that higher fuel prices and rising inflation could damage a fragile economic recovery.\nThe uncertainty over the potential global impact of the highly transmissible Covid-19 delta variant was also likely to temper market sentiment in the coming months, the group said.\nOil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty Images\nInternational benchmark Brent crude futures traded at $75.57 a barrel on Tuesday morning, up 0.5% for the session, whileU.S. West Texas Intermediatefutures stood at $74.51, around 0.6% higher.\nOil prices rallied more than 45% in the first half of the year, supported by the rollout of Covid vaccines, a gradual easing of lockdown measures and record production cuts from OPEC+.\n\"While prices at these levels could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries,\" the IEA said.\nThese energy transitions refer to the necessary shift away from fossil fuel use to low-carbon alternatives in order to avert the worst effects of the climate emergency.\nIn a flagship report published in May, the IEA outlined how the energy sector \"holds the key\" to the world's climate challenge. It said that in order for the sector to fully decarbonize by 2050, a massive acceleration toward renewables, electric vehicles and energy-efficient building retrofits would need to coincide with a \"huge decline\" in the use of fossil fuels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":84,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}