OPEC February Production Data
The following OPEC charts were created with data from the OPEC Monthly Oil Market Report . All OPEC charts are through February 2019 and is in thousand barrels per day. Continue Reading
OPEC Threatens To Kill U.S. Shale
The Organization of Petroleum Exporting Countries will once again become a nemesis for U.S. shale if the U.S. Congress passes a bill dubbed NOPEC, or No Oil Producing and Exporting Continue Reading
OPEC+ Production Cuts To Stay In Place Until June
OPEC will continue producing less crude oil than it could until at least June as April, when OPEC+ meets, would be too early to end the cuts, Saudi Arabia’s Energy Continue Reading
Exclusive: Saudi’s Falih – U.S., China driving oil demand; no April OPEC policy change
Saudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy global demand for oil this year but that it would be too early to Continue Reading
CERAWeek: Spotlight on sanctions, OPEC oil cuts, record US output, and investment in Houston
The global oil market will be watching Houston this week for signals out of the CERAWeek by IHS Markit conference on the path forward on US sanctions on PDVSA, the Continue Reading
Nigeria, Iraq Exceed Cuts As OPEC Achieves 79% Compliance
Increased production by Nigeria and Iraq above the agreed quota by members of the Organisation of the Petroleum Exporting Countries (OPEC), in February, saw compliance level hitting 79 per cent Continue Reading
Goldman: OPEC To Clear Supply Glut By April
Goldman Sachs expects OPEC to succeed in clearing what it has deemed excessive oil supply by April, when the latest production cut deal will be reviewed at a meeting of Continue Reading
OPEC likely to defer output policy decision until June: sources
OPEC and its partners are unlikely to decide on their output policy in April as it would be too early to get a clear picture of the impact of their Continue Reading
Russia to speed up oil production cuts this month: Novak
Russia plans to speed up oil output cuts this month and by the end of the month it will bring the combined oil production cut level to 228,000 barrels per Continue Reading
Russia Aims To Reach OPEC+ Production Cut Quota By End-March
Russia will speed up its oil production cuts this month and plans to reach its share of the OPEC/non-OPEC output reduction by end-March or early April, Russian Energy Minister Alexander Continue Reading