U.S. shale output growth should offset OPEC cuts in 2019
Surging U.S. crude oil production will offset OPEC’s output cuts aimed at rebalancing the market as soon as the end of next year – undercutting the group’s efforts as shale Continue Reading
Why Iran’s Positive OPEC Spin Won’t Last
In recent months, it’s been difficult to hear any positive statements coming from Iran’s troubled oil sector, particularly since President Trump decided in May to reinstate tough sanctions over what Continue Reading
Has OPEC+ Stabilized Oil Markets?
Oil prices plummeted further on Friday, despite a semi-bullish rig count report and the combined efforts of OPEC and its partners. . The OPEC+ deal put “a floor” beneath oil Continue Reading
IEA: OPEC+ Has Put “A Floor Under Prices”
The OPEC+ agreement succeeded in at least putting “a floor under prices,” according to a new report from the International Energy Agency. The global supply surplus is not resolved, and Continue Reading
What Would The End Of OPEC Mean?
The Organization of the Petroleum Exporting Countries – the oil market institution that has exerted an unyielding power over the price of crude for nearly 60 years – is now Continue Reading
Why The OPEC+ Deal Won’t Cut It
Now nearly a week removed from the OPEC+ agreement, confidence in the efficacy of the deal is becoming shaky. Immediately after OPEC+ announced cuts of 1.2 million barrels per day Continue Reading
OPEC offsets Iran oil loss, sees lower 2019 demand
OPEC said on Wednesday it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast of demand for its crude, underlining the challenge the producer group Continue Reading
OPEC maintains 2019 crude oil demand forecast
OPEC on Wednesday kept its projection for an increase in world crude demand in 2019 of 1.29 million barrels per day, while it reduced its non-OPEC supply growth projection. Photo Continue Reading
OPEC November Production Data » Peak Oil Barrel
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US House chairman calls for anti-OPEC bill to become law this year | S&P Global Platts
View full article at www.spglobal.com