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.

Zhitong FinanceDec 18 15:01

CENTURY EN INTL: SUPPLEMENTAL ANNOUNCEMENTIN RELATION TO ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024

HKEXDec 16 20:36 · Announcements

CENTURY EN INTL: Interim Report 2024

HKEXDec 12 16:32 · Announcements

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).

Brokers in ChinaDec 9 09:22

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.

wallstreetcnDec 8 17:42

OPEC+ plans to postpone the production increase until April next year! International oil prices have declined in the short term.

OPEC+ stated at the meeting that they have agreed in principle to postpone the originally scheduled January production increase plan, and will gradually lift the oil production cuts starting from April 2025 until September 2026. WTI crude oil futures and Brent crude oil futures experienced a short-term plunge.

wallstreetcnDec 5 20:25