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

84
13
Favorite

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 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（13）

TG_Monster
·2021-07-13
[What] gg
Reply
4
Report
Fold Replies
- BKZH:
  ?
  2021-07-13
  Reply
  Report
Jason7890
·2021-07-13
XLE gogogo?
Reply
2
Report
JLUljs
·2021-07-13
Yes yes...OPEC please continue with the hanky panky...EV stocks gonna go up up ??
Reply
3
Report
Fold Replies
- MMinn:
  Yes. go go
  2021-07-13
  Reply
  Report
- Mourinho10:
  Yes
  2021-07-13
  Reply
  Report
Menghui
·2021-07-13
Comment ok
Reply
5
Report
Fold Replies
- EmmanuelQeen:
  ok
  2021-07-13
  Reply
  Report
- Brugelion:
  Ok
  2021-07-13
  Reply
  Report
Ahleepapa
·2021-07-13
BULLISH
Reply
3
Report
Fold Replies
- Redbull97:
  Yes
  2021-07-13
  Reply
  Report
James3128
·2021-07-13
Hi
Reply
3
Report
Fold Replies
- James3128:
  Hi
  2021-07-13
  Reply
  Report
James3128
·2021-07-13
Pls comment and like
Reply
2
Report
Fold Replies
- James3128:
  Hi
  2021-07-13
  Reply
  Report
gachaboi123
·2021-07-13
Please like and comment!
Reply
Like
Report
AhBun
·2021-07-13
??
Reply
7
Report
Fold Replies
- gachaboi123:
  nice
  2021-07-13
  Reply
  Report
kinhou23
·2021-07-13
Ok
Reply
Like
Report
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....
Reply
5
Report
Fold Replies
- Expert126:
  lol
  2021-07-13
  Reply
  Report
CCloh
·2021-07-13
[財迷] [財迷] [財迷] [財迷] [財迷]
Reply
3
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1132843330?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-13 18:43","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1132843330","market":"fut","top_or_hot":-1,"title":"OPEC+ deadlock is bad news for oil producers and consumers, IEA warns","media":"CNBC","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\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_CL","symbol_name":"WTI原油","start_time":0,"source_url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","article_id":"1132843330","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/07/13/oil-iea-says-opec-deadlock-is-bad-news-for-producers-consumers-and-energy-transitions.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1132843330","pubTimestamp":1626173017,"columns":[],"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to rema","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"国际能源署警告说，欧佩克+僵局对石油生产国和消费国来说都是坏消息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLmain":0.9},"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.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":142717007,"gmtCreate":1626176670609,"gmtModify":1703754836552,"author":{"id":"3572992967502059","authorId":"3572992967502059","name":"TG_Monster","avatar":"https://static.tigerbbs.com/d9c5bb01f1ad8a8f4803852233e6a4ce","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572992967502059","authorIdStr":"3572992967502059"},"htmlText":"[What]&nbsp;gg","listText":"[What]&nbsp;gg","text":"[What] gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/142717007","repostId":1132843330,"repostType":4,"repost":{"id":"1132843330","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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":4,"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","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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":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","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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":"80.12%","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","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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":"80.12%","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","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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","kind":"news","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; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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}}