Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against COVID-19 until well into 2021, the International Energy Agency (IEA) said on Thursday, a Continue Reading
Weak historical data and the resurgence of Covid-19 in Europe and the United States led us to revise down our near-term global demand outlook by 0.4 mb/d in 3Q20, 1.2 Continue Reading
Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three to six months, according to several delegates. Saudi Arabia and Russia, Continue Reading
The most popular battery technology, lithium-ion batteries, may have just received a big shot in the arm. Scientists have found in a new study that adding conductive carbon fillers to Continue Reading
Saudi Arabia and Iraq will cooperate and coordinate their positions on oil policies within the organization of Petroleum Exporting Countries and will remain committed to decisions already made by the Continue Reading
Russia is not ready to discuss changes to the ongoing OPEC+ oil production cuts before the Joint Ministerial Monitoring Committee (JMMC) next week, Russia’s top oil diplomat Alexander Novak told Continue Reading
All OPEC data for this report is from the OPEC Monthly Oil Market Report . All data is through October 2020 and is in thousand barrels per day. The combined Continue Reading
Iraq boosted its production by about 150,000 barrels per day (bpd) in October, significantly exceeding its official OPEC-plus quota. Nationwide production averaged 3.84 million barrels per day (bpd), according to Continue Reading
Iran is continuing to build up its stockpile of low-enriched uranium and now holds roughly 12 times the amount permitted under the 2015 nuclear agreement, the United Nations Atomic Agency Continue Reading
Iran said on Wednesday that its oil exports have averaged between 600,000 barrels per day (bpd) and 700,000 bpd since the start of the Iranian year in March, yet analysts Continue Reading
