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Ignoring OPEC+'s decision to postpone production cuts, Kazakhstan still plans to increase its oil production by 2025.
Kazakhstan insists on increasing its oil production next year, which may further exacerbate tensions with its OPEC+ partners.
Anton Oilfield Services Board Grants 86 Million Restricted Shares Under Award Scheme
ANTON OILFIELD has granted a total of 84.066 million restricted Stocks.
ANTON OILFIELD (03337) announced that on December 16, 2024, the Board of Directors resolved to grant a total of 84.066 million restricted shares to 137 qualifying individuals, including 7 company directors and 130 qualifying individuals.
ANTON OILFIELD (03337) granted a total of 84.066 million restricted Stocks.
ANTON OILFIELD (03337) announced that on December 16, 2024, the Board of Directors made a decision based on the plan to...
Saudi Arabia's big move! Lowering all oil prices for Asia in January 2025.
According to the latest news, Saudi Aramco announced a reduction in all oil prices for Asia in January 2025, with the official price of Arab light crude oil reduced by 80 cents per barrel, set at a premium of $0.9 over the average price of Oman/Dubai (previously a premium of $1.7).
It has barely held on by extending production cuts, but how much longer can OPEC+ last?
HSBC believes that if OPEC+ cancels the "extra voluntary" production cut plan as scheduled in March 2026, it will cause the overproduction of crude oil products to expand to 1.2 million barrels per day, further putting downward pressure on oil prices. This means that the situation where global crude oil market supply exceeds demand will continue until 2026, at which time OPEC+ may also have no "room" to cancel the production cut plan.
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