OPEC To Rule Oil Markets Till Peak Demand
OPEC will continue to play a key role in oil supply and prices in the global oil market through 2040, despite the relentless oil production in the Permian and expectations Continue Reading
OPEC: Oil Demand Growth To Slow In 2019
Global oil demand growth is expected to moderate next year as the world economy is expected to grow slightly less than this year, OPEC said on Wednesday in its projections Continue Reading
OPEC June Production Data
All data below is from the OPEC Monthly Oil Market Report . All data is in thousand barrels per day and is through June 2018. The Republic of the Congo Continue Reading
OPEC Won’t Take Additional Action As Oil Prices Rise
OPEC is doing its best to offset supply disruptions around the world, but it has no intention of “overdoing it”, Bloomberg reports , citing the cartel’s president, UAE’s energy minister Continue Reading
Do not blame OPEC, oil producer group says of Trump criticism
The president of OPEC defended the oil producer group on Monday against U.S. President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame. “OPEC Continue Reading
Iranian oil minister calls Trump’s order to OPEC insulting
Iran’s oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding Iranian oil production and exports had not Continue Reading
OPEC June crude oil output rises 90,000 b/d from May to 31.99 mil b/d: Platts survey
Highlights Libya turmoil sees output plummet 250,000 b/d Angola continues slide to 20-month low Venezuela posts 610,000 b/d year-on-year drop Iran falls to 3.8 mil b/d, Iraq rises to 4.54 Continue Reading
Trump again blasts OPEC for rising gasoline prices
US President Donald Trump Wednesday again tweeted critical comments against OPEC, claiming that the producers’ group was driving up domestic gasoline prices while the US provides many members with military Continue Reading
Trump renews Opec threat in July 4 tweet
US President Donald Trump tweeted about Opec on Wednesday amid Independence Day celebrations, to repeat a threat that lower oil prices should be the quid pro quo for the security Continue Reading
Trump Is Fracturing OPEC
Trump’s tweet over the weekend that Saudi Arabia agreed to add 2 million barrels per day (mb/d) of supply confused the oil markets, pushing prices down a bit on Monday. Continue Reading