OPEC Update, October 2022
The OPEC Monthly Oil Market Report (MOMR) for October 2022 was published recently. The last month reported in most of the OPEC charts that follow is September 2022 and output Continue Reading
U.S. Senate panel advances bill to rein in OPEC+ over oil output cut
A U.S. Senate committee this week quietly advanced a bill that seeks to rein in OPEC+ after the oil producer group led by Saudi Arabia and Russia this month agreed Continue Reading
OPEC Secretary-General: move to cut oil output was unanimous
The OPEC+ oil producers group moved unanimously to cut output to prevent a crisis and stem a tide of volatility, OPEC’s secretary-general told an energy conference in South Africa on Continue Reading
NOPEC Bill Would Mean The End Of Aramco And OPEC As We Know Them
Simon Watkins is a former senior FX trader and salesman, financial journalist, and OPEC+ decision to cut output by 2 million bpd has sparked angers in the White House. Bipartisan Continue Reading
OPEC+ Cuts Could Lead To Supply Deficit In Oil Markets
OPEC+ decision to cut output may lead to supply deficit in oil markets. Global oil inventories are in a decline that would be difficult to reverse. U.S. distillate inventories are Continue Reading
OPEC+ oil supply cuts could tip world into recession, IEA says
A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could push the global economy into recession, the International Energy Agency Continue Reading
OPEC cut spurs U.S. hedging – but against lower oil prices
The decision by the Organization of the Petroleum Exporting Countries and allies last week to cut oil production has spurred a flurry of activity in the options market – but Continue Reading
OPEC+ Cut Will Further Raise Tensions with the West
‘This has led to speculation that Washington may seek to further ramp-up pressure on the group, including via revival of the NOPEC bill’. OPEC+’s latest production cut will further raise Continue Reading
OPEC+ crude oil production rises in September, but still widely lags quotas: Platts survey
OPEC+ output rises 170,000 b/d, quota gap at 3.6 mil b/d Saudi Arabia pumps near quota, but Russia stagnates Nigeria hits lowest since Platts survey began in 1988 Not registered? Continue Reading
OPEC+ move reignites Americans’ top worry ahead of November midterms
production cut by the OPEC+ oil cartel is reigniting U.S. voters’ No. 1 fear – high inflation – and handing a potential boost to Republican candidates less than five weeks Continue Reading