Can OPEC+ Halt The Oil Price Slide?
Oil prices continue to plumb new depths, but some analysts think the selloff has gone too far. Brent prices fell to $62 per barrel by mid-week, hitting nearly a one-year Continue Reading
Trump And OPEC Face Off Over Production Cuts
“Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!” President Continue Reading
OPEC refuses to panic amid oil market rout
Brent slumps over 6% to $58.45/b in London Concern on oversupply weigh on sentiment OPEC set for crunch meeting on December 6 London — OPEC is showing no public signs Continue Reading
Saudis Mull Quiet Cuts to OPEC Production
Under such a scenario, the Organization of the Petroleum Exporting Countries would announce plans to retain current output targets, first set in 2016. That move would imply a production pullback Continue Reading
Saudi Arabia will respond to weak oil demand, energy minister Falih says
Saudi Arabian Energy Minister Khalid al-Falih said on Thursday that he sees weak oil demand in January and said the kingdom would respond accordingly to cool the global market’s anxiety. Continue Reading
Iraq says OPEC, allies will address oil price slump at Vienna meeting
Baghdad — OPEC and its allies will work to stabilize the oil market and reverse the slump in prices when they meet in Vienna in two weeks, Iraq’s deputy oil Continue Reading
DOJ is Said to be Reviewing Anti-OPEC Legislation
The Department of Justice is formally reviewing antitrust legislation aimed at reining in OPEC’s power over oil markets, according to a department official. While the study is ongoing, there is Continue Reading
UAE: OPEC Very Likely To Agree To Oil Production Cuts
OPEC will very likely agree to cut oil production at its upcoming meeting in early December, although the size of the cuts is yet to be decided, Ahmed al-Kaabi, Governor Continue Reading
OPEC will work to stabilize markets at next meeting: Iraqi deputy minister
Iraqi Deputy Oil Minister Fayadh al-Nema said on Wednesday that OPEC will work to stabilize oil markets, crude prices and supplies at its next meeting. “OPEC and non-OPEC producers will Continue Reading
Analysis: OPEC’s production profile has changed, complicating negotiations over oil cuts
PEC and its allies have all but decided to cut oil production in 2019 to shore up what they see as a weak market ahead. Now comes the hard part: Continue Reading