OPEC+ Can Proceed With Reviving Supply, Two Key Members Say

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OPEC+ Can Proceed With Reviving Supply, Two Key Members Say

Bloomberg2021-09-21

(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike. Most Read from Bloomberg The ...

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Min_max
·2021-09-22
supply hike coming
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Zero_onezero
·2021-09-21
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- CJXDerrick:
  Sure
  2021-09-21
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Khai88
·2021-09-21
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- Zero_onezero:
  yepp
  2021-09-21
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- Bry8950:
  Ok
  2021-09-21
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The storm initially shuttered 1.7 million barrels a day, and the industry is still struggling to restart many of the affected fields.\nWhile global markets are experiencing some tightness now, some forecasts point to a lull early next year. Morgan Stanley and Standard Chartered predict that OPEC+ will need to pause its monthly output boosts to prevent the formation of a new oversupply.\nMazrouei countered that view in his remarks on Tuesday, saying that OPEC isn’t “concerned about a surplus” in the second quarter of 2022.","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":869319017,"gmtCreate":1632243576239,"gmtModify":1676530733977,"author":{"id":"3585869414507662","authorId":"3585869414507662","name":"Min_max","avatar":"https://static.tigerbbs.com/a19718c12eabe8d2a0c3e3a797bd178f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3585869414507662","authorIdStr":"3585869414507662"},"htmlText":"supply hike coming&nbsp;","listText":"supply hike coming&nbsp;","text":"supply hike coming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869319017","repostId":2169635862,"repostType":4,"repost":{"id":"2169635862","kind":"news","pubTimestamp":1632219607,"share":"https://ttm.financial/m/news/2169635862?lang=&edition=fundamental","pubTime":"2021-09-21 18:20","market":"fut","language":"en","title":"OPEC+ Can Proceed With Reviving Supply, Two Key Members Say","url":"https://stock-news.laohu8.com/highlight/detail?id=2169635862","media":"Bloomberg","summary":"(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East ","content":"<p>(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>The Global Housing Market Is Broken, and It’s Dividing Entire Countries</li>\n <li>Merkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’</li>\n <li>Istanbul Turns Taps on Old Fountains, Joining&nbsp;Global Push for Free Drinks</li>\n <li>Is There Room for E-Scooters in New York City?</li>\n <li>Amazon, Microsoft Swoop In on $24 Billion India Farm-Data Trove</li>\n</ul>\n<p>“The plan is working, we’re gradually increasing and the market is absorbing it,” United Arab Emirates Oil Minister Suhail Al-Mazrouei said Tuesday at the Gastech conference in Dubai. “I don’t see any reason why we should deviate from that.”</p>\n<p>Mazrouei’s view echoes comments from his Iraqi counterpart over the weekend, as well as delegates from several other OPEC+ nations speaking privately.</p>\n<p>The 23-nation OPEC+ coalition is restoring crude supplies halted when the pandemic crushed global fuel demand last year. The group, led by Saudi Arabia and Russia, will meet on Oct. 4 to review the next monthly increment of 400,000 barrels a day.</p>\n<p>Iraqi Oil Minister Ihsan Abdul Jabbar said on Sunday that he expects the Organization of Petroleum Exporting Countries and its partners to stick to plans for a November crude-production increase if prices stay at current levels, though it’s too early to determine the result of the group’s meeting next month.</p>\n<p>Benchmark Brent crude is currently trading around $75 a barrel, up about 45% this year. The market will remain in balance through the first quarter of 2022 -- with oil hovering around $70 a barrel -- if OPEC+ keeps its plans, Jabbar predicted.</p>\n<p>Another boost in exports from OPEC would probably be welcomed by consumers, helping to offset losses in U.S. supply caused when Hurricane Ida battered the Gulf Coast last month. The storm initially shuttered 1.7 million barrels a day, and the industry is still struggling to restart many of the affected fields.</p>\n<p>While global markets are experiencing some tightness now, some forecasts point to a lull early next year. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> and Standard Chartered predict that OPEC+ will need to pause its monthly output boosts to prevent the formation of a new oversupply.</p>\n<p>Mazrouei countered that view in his remarks on Tuesday, saying that OPEC isn’t “concerned about a surplus” in the second quarter of 2022.</p>","source":"yahoofinance","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+ Can Proceed With Reviving Supply, Two Key Members Say</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; 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}\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+ Can Proceed With Reviving Supply, Two Key Members Say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-21 18:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/uae-sees-no-opec-change-082855484.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.\nMost Read from Bloomberg\n\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/uae-sees-no-opec-change-082855484.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://finance.yahoo.com/news/uae-sees-no-opec-change-082855484.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2169635862","content_text":"(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.\nMost Read from Bloomberg\n\nThe Global Housing Market Is Broken, and It’s Dividing Entire Countries\nMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’\nIstanbul Turns Taps on Old Fountains, Joining Global Push for Free Drinks\nIs There Room for E-Scooters in New York City?\nAmazon, Microsoft Swoop In on $24 Billion India Farm-Data Trove\n\n“The plan is working, we’re gradually increasing and the market is absorbing it,” United Arab Emirates Oil Minister Suhail Al-Mazrouei said Tuesday at the Gastech conference in Dubai. “I don’t see any reason why we should deviate from that.”\nMazrouei’s view echoes comments from his Iraqi counterpart over the weekend, as well as delegates from several other OPEC+ nations speaking privately.\nThe 23-nation OPEC+ coalition is restoring crude supplies halted when the pandemic crushed global fuel demand last year. The group, led by Saudi Arabia and Russia, will meet on Oct. 4 to review the next monthly increment of 400,000 barrels a day.\nIraqi Oil Minister Ihsan Abdul Jabbar said on Sunday that he expects the Organization of Petroleum Exporting Countries and its partners to stick to plans for a November crude-production increase if prices stay at current levels, though it’s too early to determine the result of the group’s meeting next month.\nBenchmark Brent crude is currently trading around $75 a barrel, up about 45% this year. The market will remain in balance through the first quarter of 2022 -- with oil hovering around $70 a barrel -- if OPEC+ keeps its plans, Jabbar predicted.\nAnother boost in exports from OPEC would probably be welcomed by consumers, helping to offset losses in U.S. supply caused when Hurricane Ida battered the Gulf Coast last month. The storm initially shuttered 1.7 million barrels a day, and the industry is still struggling to restart many of the affected fields.\nWhile global markets are experiencing some tightness now, some forecasts point to a lull early next year. Morgan Stanley and Standard Chartered predict that OPEC+ will need to pause its monthly output boosts to prevent the formation of a new oversupply.\nMazrouei countered that view in his remarks on Tuesday, saying that OPEC isn’t “concerned about a surplus” in the second quarter of 2022.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":860774056,"gmtCreate":1632222272875,"gmtModify":1676530727786,"author":{"id":"3581743394055717","authorId":"3581743394055717","name":"Zero_onezero","avatar":"https://static.tigerbbs.com/f93660d80ec28ae67a094cb5c0c44350","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3581743394055717","authorIdStr":"3581743394055717"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860774056","repostId":2169635862,"repostType":4,"repost":{"id":"2169635862","kind":"news","pubTimestamp":1632219607,"share":"https://ttm.financial/m/news/2169635862?lang=&edition=fundamental","pubTime":"2021-09-21 18:20","market":"fut","language":"en","title":"OPEC+ Can Proceed With Reviving Supply, Two Key Members Say","url":"https://stock-news.laohu8.com/highlight/detail?id=2169635862","media":"Bloomberg","summary":"(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East ","content":"<p>(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>The Global Housing Market Is Broken, and It’s Dividing Entire Countries</li>\n <li>Merkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’</li>\n <li>Istanbul Turns Taps on Old Fountains, Joining&nbsp;Global Push for Free Drinks</li>\n <li>Is There Room for E-Scooters in New York City?</li>\n <li>Amazon, Microsoft Swoop In on $24 Billion India Farm-Data Trove</li>\n</ul>\n<p>“The plan is working, we’re gradually increasing and the market is absorbing it,” United Arab Emirates Oil Minister Suhail Al-Mazrouei said Tuesday at the Gastech conference in Dubai. “I don’t see any reason why we should deviate from that.”</p>\n<p>Mazrouei’s view echoes comments from his Iraqi counterpart over the weekend, as well as delegates from several other OPEC+ nations speaking privately.</p>\n<p>The 23-nation OPEC+ coalition is restoring crude supplies halted when the pandemic crushed global fuel demand last year. The group, led by Saudi Arabia and Russia, will meet on Oct. 4 to review the next monthly increment of 400,000 barrels a day.</p>\n<p>Iraqi Oil Minister Ihsan Abdul Jabbar said on Sunday that he expects the Organization of Petroleum Exporting Countries and its partners to stick to plans for a November crude-production increase if prices stay at current levels, though it’s too early to determine the result of the group’s meeting next month.</p>\n<p>Benchmark Brent crude is currently trading around $75 a barrel, up about 45% this year. The market will remain in balance through the first quarter of 2022 -- with oil hovering around $70 a barrel -- if OPEC+ keeps its plans, Jabbar predicted.</p>\n<p>Another boost in exports from OPEC would probably be welcomed by consumers, helping to offset losses in U.S. supply caused when Hurricane Ida battered the Gulf Coast last month. The storm initially shuttered 1.7 million barrels a day, and the industry is still struggling to restart many of the affected fields.</p>\n<p>While global markets are experiencing some tightness now, some forecasts point to a lull early next year. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> and Standard Chartered predict that OPEC+ will need to pause its monthly output boosts to prevent the formation of a new oversupply.</p>\n<p>Mazrouei countered that view in his remarks on Tuesday, saying that OPEC isn’t “concerned about a surplus” in the second quarter of 2022.</p>","source":"yahoofinance","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+ Can Proceed With Reviving Supply, Two Key Members Say</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; 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}\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+ Can Proceed With Reviving Supply, Two Key Members Say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-21 18:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/uae-sees-no-opec-change-082855484.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.\nMost Read from Bloomberg\n\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/uae-sees-no-opec-change-082855484.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://finance.yahoo.com/news/uae-sees-no-opec-change-082855484.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2169635862","content_text":"(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.\nMost Read from Bloomberg\n\nThe Global Housing Market Is Broken, and It’s Dividing Entire Countries\nMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’\nIstanbul Turns Taps on Old Fountains, Joining Global Push for Free Drinks\nIs There Room for E-Scooters in New York City?\nAmazon, Microsoft Swoop In on $24 Billion India Farm-Data Trove\n\n“The plan is working, we’re gradually increasing and the market is absorbing it,” United Arab Emirates Oil Minister Suhail Al-Mazrouei said Tuesday at the Gastech conference in Dubai. “I don’t see any reason why we should deviate from that.”\nMazrouei’s view echoes comments from his Iraqi counterpart over the weekend, as well as delegates from several other OPEC+ nations speaking privately.\nThe 23-nation OPEC+ coalition is restoring crude supplies halted when the pandemic crushed global fuel demand last year. The group, led by Saudi Arabia and Russia, will meet on Oct. 4 to review the next monthly increment of 400,000 barrels a day.\nIraqi Oil Minister Ihsan Abdul Jabbar said on Sunday that he expects the Organization of Petroleum Exporting Countries and its partners to stick to plans for a November crude-production increase if prices stay at current levels, though it’s too early to determine the result of the group’s meeting next month.\nBenchmark Brent crude is currently trading around $75 a barrel, up about 45% this year. The market will remain in balance through the first quarter of 2022 -- with oil hovering around $70 a barrel -- if OPEC+ keeps its plans, Jabbar predicted.\nAnother boost in exports from OPEC would probably be welcomed by consumers, helping to offset losses in U.S. supply caused when Hurricane Ida battered the Gulf Coast last month. The storm initially shuttered 1.7 million barrels a day, and the industry is still struggling to restart many of the affected fields.\nWhile global markets are experiencing some tightness now, some forecasts point to a lull early next year. Morgan Stanley and Standard Chartered predict that OPEC+ will need to pause its monthly output boosts to prevent the formation of a new oversupply.\nMazrouei countered that view in his remarks on Tuesday, saying that OPEC isn’t “concerned about a surplus” in the second quarter of 2022.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5945618,"gmtCreate":1632222873583,"gmtModify":1663234207338,"authorId":3574429131310769,"author":{"id":3574429131310769,"idStr":"3574429131310769","authorId":3574429131310769,"name":"CJXDerrick","avatar":"https://static.tigerbbs.com/eccb8ea73b0889cd358ab47eb4e3b6a0","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":"2022.01.30","exceedPercentage":"80.86%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":860774056,"type":1,"supId":0,"prevId":0,"content":"<u>Sure</u>","text":"<u>Sure</u>","html":"<u>Sure</u>"}],"langContent":"EN"},{"id":860772881,"gmtCreate":1632222129343,"gmtModify":1676530727747,"author":{"id":"3581741006799904","authorId":"3581741006799904","name":"Khai88","avatar":"https://static.tigerbbs.com/79c70390b1ddc5ebdc5e700ccdedddbf","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581741006799904","authorIdStr":"3581741006799904"},"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/860772881","repostId":2169635862,"repostType":4,"repost":{"id":"2169635862","kind":"news","pubTimestamp":1632219607,"share":"https://ttm.financial/m/news/2169635862?lang=&edition=fundamental","pubTime":"2021-09-21 18:20","market":"fut","language":"en","title":"OPEC+ Can Proceed With Reviving Supply, Two Key Members Say","url":"https://stock-news.laohu8.com/highlight/detail?id=2169635862","media":"Bloomberg","summary":"(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East ","content":"<p>(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>The Global Housing Market Is Broken, and It’s Dividing Entire Countries</li>\n <li>Merkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’</li>\n <li>Istanbul Turns Taps on Old Fountains, Joining&nbsp;Global Push for Free Drinks</li>\n <li>Is There Room for E-Scooters in New York City?</li>\n <li>Amazon, Microsoft Swoop In on $24 Billion India Farm-Data Trove</li>\n</ul>\n<p>“The plan is working, we’re gradually increasing and the market is absorbing it,” United Arab Emirates Oil Minister Suhail Al-Mazrouei said Tuesday at the Gastech conference in Dubai. “I don’t see any reason why we should deviate from that.”</p>\n<p>Mazrouei’s view echoes comments from his Iraqi counterpart over the weekend, as well as delegates from several other OPEC+ nations speaking privately.</p>\n<p>The 23-nation OPEC+ coalition is restoring crude supplies halted when the pandemic crushed global fuel demand last year. The group, led by Saudi Arabia and Russia, will meet on Oct. 4 to review the next monthly increment of 400,000 barrels a day.</p>\n<p>Iraqi Oil Minister Ihsan Abdul Jabbar said on Sunday that he expects the Organization of Petroleum Exporting Countries and its partners to stick to plans for a November crude-production increase if prices stay at current levels, though it’s too early to determine the result of the group’s meeting next month.</p>\n<p>Benchmark Brent crude is currently trading around $75 a barrel, up about 45% this year. The market will remain in balance through the first quarter of 2022 -- with oil hovering around $70 a barrel -- if OPEC+ keeps its plans, Jabbar predicted.</p>\n<p>Another boost in exports from OPEC would probably be welcomed by consumers, helping to offset losses in U.S. supply caused when Hurricane Ida battered the Gulf Coast last month. The storm initially shuttered 1.7 million barrels a day, and the industry is still struggling to restart many of the affected fields.</p>\n<p>While global markets are experiencing some tightness now, some forecasts point to a lull early next year. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> and Standard Chartered predict that OPEC+ will need to pause its monthly output boosts to prevent the formation of a new oversupply.</p>\n<p>Mazrouei countered that view in his remarks on Tuesday, saying that OPEC isn’t “concerned about a surplus” in the second quarter of 2022.</p>","source":"yahoofinance","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+ Can Proceed With Reviving Supply, Two Key Members Say</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; 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}\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+ Can Proceed With Reviving Supply, Two Key Members Say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-21 18:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/uae-sees-no-opec-change-082855484.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.\nMost Read from Bloomberg\n\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/uae-sees-no-opec-change-082855484.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://finance.yahoo.com/news/uae-sees-no-opec-change-082855484.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2169635862","content_text":"(Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.\nMost Read from Bloomberg\n\nThe Global Housing Market Is Broken, and It’s Dividing Entire Countries\nMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’\nIstanbul Turns Taps on Old Fountains, Joining Global Push for Free Drinks\nIs There Room for E-Scooters in New York City?\nAmazon, Microsoft Swoop In on $24 Billion India Farm-Data Trove\n\n“The plan is working, we’re gradually increasing and the market is absorbing it,” United Arab Emirates Oil Minister Suhail Al-Mazrouei said Tuesday at the Gastech conference in Dubai. “I don’t see any reason why we should deviate from that.”\nMazrouei’s view echoes comments from his Iraqi counterpart over the weekend, as well as delegates from several other OPEC+ nations speaking privately.\nThe 23-nation OPEC+ coalition is restoring crude supplies halted when the pandemic crushed global fuel demand last year. The group, led by Saudi Arabia and Russia, will meet on Oct. 4 to review the next monthly increment of 400,000 barrels a day.\nIraqi Oil Minister Ihsan Abdul Jabbar said on Sunday that he expects the Organization of Petroleum Exporting Countries and its partners to stick to plans for a November crude-production increase if prices stay at current levels, though it’s too early to determine the result of the group’s meeting next month.\nBenchmark Brent crude is currently trading around $75 a barrel, up about 45% this year. The market will remain in balance through the first quarter of 2022 -- with oil hovering around $70 a barrel -- if OPEC+ keeps its plans, Jabbar predicted.\nAnother boost in exports from OPEC would probably be welcomed by consumers, helping to offset losses in U.S. supply caused when Hurricane Ida battered the Gulf Coast last month. The storm initially shuttered 1.7 million barrels a day, and the industry is still struggling to restart many of the affected fields.\nWhile global markets are experiencing some tightness now, some forecasts point to a lull early next year. Morgan Stanley and Standard Chartered predict that OPEC+ will need to pause its monthly output boosts to prevent the formation of a new oversupply.\nMazrouei countered that view in his remarks on Tuesday, saying that OPEC isn’t “concerned about a surplus” in the second quarter of 2022.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5945559,"gmtCreate":1632222266591,"gmtModify":1663234208356,"authorId":3581743394055717,"author":{"id":3581743394055717,"idStr":"3581743394055717","authorId":3581743394055717,"name":"Zero_onezero","avatar":"https://static.tigerbbs.com/f93660d80ec28ae67a094cb5c0c44350","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":860772881,"type":1,"supId":5945547,"prevId":0,"content":"yepp","text":"yepp","html":"yepp"},{"id":5945547,"gmtCreate":1632222190122,"gmtModify":1663234206637,"authorId":3579932836090058,"author":{"id":3579932836090058,"idStr":"3579932836090058","authorId":3579932836090058,"name":"Bry8950","avatar":"https://static.tigerbbs.com/a9521192817425a7661a2344c9ae4687","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":860772881,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":19,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}