Earth to warm 3.6 degrees by end of century
By the end of the century, the global temperature is likely to rise more than 3.6 degrees. This rise in temperature is the ominous conclusion reached by two studies using Continue Reading
Can OPEC Boost Compliance Back To 100%?
A joint OPEC/non-OPEC technical committee will be meeting in Abu Dhabi on next week to discuss ways to improve compliance by members that have not been sticking 100 percent to Continue Reading
Waning OPEC Compliance Threatens Oil Price Rally
Analysts cut yet again—for a sixth consecutive month—their oil price forecasts for 2017 and 2018, as the slower-than-expected rate of oil market rebalancing puts an increasing amount of pressure on Continue Reading
OPEC’s Existential Sucker Punch
You wait decades for an existential crisis, then two come along at once. At least that’s how it must feel for OPEC’s beleaguered ministers. In the short term the market Continue Reading
OPEC Oil Output Jumps To 2017 High On Further Libya Recovery
OPEC oil output has risen this month by 90,000 barrels per day to a 2017 high, a Reuters survey finds. LONDON, July 31 (Reuters) – OPEC oil output has risen Continue Reading
OPEC oil output jumps to 2017 high on further Libya recovery
LONDON (Reuters) – OPEC oil output has risen this month by 90,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, led by a further recovery in Continue Reading
Oil’s rally caught between future of Venezuelan oil, OPEC compliance
Crude oil prices dipped early Monday after posting new highs for the second half, but the situation in Venezuela, an OPEC member, could erase the decline. The U.S. government could Continue Reading
Baghdad pursues Kirkuk-Iran pipeline
After voicing opposition to the KRG’s independence referendum, Iran contemplates a deal that could shift the balance of power in Iraq’s disputes over territory and oil. Iraqi Oil Minister Jabbar Continue Reading
U.S. targets Venezuelan President Maduro for sanctions
The U.S. government will designate Venezuelan President Nicolas Maduro on Monday for sanctions for undermining democracy, in response to Sunday’s election of a legislative superbody that Washington denounced as a Continue Reading
Oil markets brace for possible U.S. sanctions on Venezuela
U.S. oil markets were readying for fallout from potential U.S. sanctions on Venezuela’s vital oil sector on Monday after Sunday’s election in the struggling country was deemed a “sham” by Continue Reading