Oil rises ahead of OPEC, pressured by China tariffs
Oil prices rose in the volatile trade Monday as this week’s OPEC meeting raised the specter of production increases and as investors assessed the impact of a trade dispute between Continue Reading
Goldman Sachs Affirms Bullish View On Oil Prices
Despite expectations that OPEC and Russia will likely decide to boost production this week, Goldman Sachs continues to have a very bullish view on oil prices, with strong demand growth Continue Reading
Ignore the OPEC Drama, More Oil Is Coming
OPEC is back to its squabbling ways after an unusual period of near harmony. But investors who are bidding up oil prices in the expectation of a split are misunderstanding Continue Reading
Goldman sees tighter oil market on firm demand, keeps bullish view
Goldman Sachs on Monday forecast a tighter oil market for longer amid strong demand growth and the likelihood that rising supply disruptions could counter any increase in OPEC production. “Our Continue Reading
Iran Looks To Veto Saudi, Russian Oil Production Proposal
In the latest signal that the upcoming OPEC+ meeting in Vienna could end in disaster, Iran’s OPEC representative said the country will veto any proposal for a production increase with Continue Reading
Saudi Arabia, Russia seek 1.5 million bpd OPEC, non-OPEC output increase: Ecuador
Russia and Saudi Arabia have put forward a proposal to increase production by OPEC and non-OPEC countries by 1.5 million barrels per day, Ecuador’s oil minister said on Monday. Carlos Continue Reading
OPEC Guide
Changing output policy will increase supply of sour crudes Huge imbalance between sweet, sour crudes Growing glut of sweet crudes in Atlantic Basin The oil market currently bears a very Continue Reading
OPEC sees strong oil market, possible need for more output
Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the Continue Reading
OPEC’s ‘Modest’ Aims Won’t Be Enough
The OPEC+ meeting is just days away and it seems all but certain that the result will be some sort of increase in production , although the magnitude of the Continue Reading
OPEC Discusses Boosting Production By 300,000 Bpd-600,000 Bpd
OPEC producers are trying to negotiate a compromise deal that could result in the cartel boosting production by between 300,000 bpd and 600,000 bpd over the next few months, Bloomberg Continue Reading