COVID-19 Demand Collapse and OPEC+ Production Cuts (2020–2021)

1. OPEC+ talks collapse, triggering price war

   Mar 6, 2020Labels: OPEC, Saudi Arabia

   • Al Jazeera
   • Axios

2. OPEC+ agrees record 9.7 mb/d cuts

   Apr 12, 2020Labels: OPEC agreement

   • Enerdata
   • IEA

3. IEA estimates April demand down 29 mb/d

   Apr 15, 2020Labels: International Energy

   • IEA

4. WTI May futures settle at negative price

   Apr 20, 2020Labels: WTI futures, Cushing Oklahoma

   • CFTC
   • S P Global

5. OPEC+ cuts take effect at 9.7 mb/d level

   May 1, 2020Labels: OPEC cuts

   • Enerdata
   • The National

6. OPEC+ extends 9.7 mb/d cuts through July

   Jun 6, 2020Labels: OPEC extension

   • The National

7. Cuts ease to 7.7 mb/d under the agreement

   Aug 1, 2020Labels: OPEC phase

   • Enerdata

8. OPEC+ compromises on gradual 2021 supply return

   Dec 6, 2020Labels: OPEC compromise

   • Energy Connects

9. Saudi Arabia announces extra 1 mb/d voluntary cut

   Jan 5, 2021Labels: Saudi Arabia

   • CNBC

10. OPEC+ agrees staged increases for May–July 2021

    Apr 1, 2021Labels: OPEC plan

    • Al Jazeera
    • CNBC

11. OPEC+ deadlock highlights tension over baselines

    Jul 5, 2021Labels: OPEC deadlock, UAE

    • Guardian

12. OPEC+ deal sets 400,000 bpd monthly increases

    Jul 18, 2021Labels: OPEC deal

    • Gulf Today