By Alexander Bueso
Date: Tuesday 04 Jan 2022
LONDON (ShareCast) - (Sharecast News) - The Organisation of Petroleum Exporting Countries and its main allies went ahead and raised their combined output target as planned.
In their videoconference, OPEC+ countries' energy ministers said the cartel's production would rise by 400,000 barrels per day in February, as per the strategy that they outlined in mid-2021.
Their decision, they said, was based on current oil market fundamentals and the consensus on the outlook.
The next OPEC+ ministerial meeting was scheduled for 2 February.
As of 1433 GMT, front month Brent crude oil futures were advancing by 0.62% to $79.51 a barrel on the ICE.
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Share Price | 486.90p |
Change Today | 2.20p |
% Change | 0.45 % |
52 Week High | 558.00 |
52 Week Low | 444.25 |
Volume | 801,541 |
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RiskGrade | 211 |
Value |
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Income |
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Growth |
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Strong Buy | 7 |
Buy | 7 |
Neutral | 6 |
Sell | 1 |
Strong Sell | 0 |
Total | 21 |
Latest | Previous | |
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Time | Volume / Share Price |
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08:22 | 1 @ 486.90p |
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