OPEC produced more crude oil in June despite efforts to curb output, the cartel said Wednesday, flagging that growing production elsewhere could complicate its ability to control the global oil Continue Reading
In its just released latest market report for the month of July, OPEC admitted it has a problem: more than six months after the Vienna deal that was supposed to Continue Reading
OPEC’s analysis arm on Tuesday offered a bearish 2018 outlook for the producer bloc, projecting that global demand for its crude would fall by 60,000 b/d from this year to Continue Reading
OPEC’s compliance with production cuts fell in June to its lowest levels in six months as several members pumped much more oil than allowed by their supply deal, thus delaying Continue Reading
Goldman, CFR research shows deterioration in break-even prices OPEC fiscal break-even now higher than listed energy companies Mirror, mirror, on the wall, who’s the lowest-cost oil producer of them all? Continue Reading
Iran’s ambitious agenda for its oil-and-gas industry is running up against the caution of big energy companies. At a major energy conference here, Iranian officials said French oil giant Total Continue Reading
The UK’s financial watchdog is making it easier for state-owned companies to list their shares in what will be a boon for those lobbying for Saudi Aramco to choose London Continue Reading
Nigeria supports OPEC’s efforts to stabilize oil prices, but it wants to wait before deciding whether join the cartel’s cuts in oil production, its oil minister said on Wednesday. “Hopefully, Continue Reading
An energy company working off the eastern coast of Mexico said Wednesday it made a discovery that could hold as much as 2 billion barrels of oil. Talos Energy, working Continue Reading
A billion-barrel crude discovery in Mexico could be just the lure the country needs to boost investment from oil majors as it lacks the wherewithal to reverse years of sagging Continue Reading
