U.S. Shale, OPEC To Discuss Market Balance In Vienna
As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy to miss the fact that this is not the only meeting that will set Continue Reading
3 Possible Outcomes From The OPEC Meeting
The OPEC meeting is a week away and based on the signals from the group’s top producers, the market is assuming that the group will increase oil production. However, the Continue Reading
OPEC producers, Russia can quickly boost crude output by 1.5 million b/d: IEA
Middle East OPEC producers and Russia can quickly boost crude production by around 1.5 million b/d to make up for Venezuela’s increasing output loss as well as the potential decline Continue Reading
Gloves back on, OPEC and U.S. shale producers to deepen ties in Vienna
Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict. Now, they realize they’re in the same boat and need to Continue Reading
OPEC divisions on whether to increase production run deep
Divisions among key OPEC producers run deep, with competing perspectives emerging in statements Thursday on whether or not to increase oil production. U.S. President Donald Trump turned again to Twitter Continue Reading
Saudi Arabia: Deal To Gradually Ease Cuts Is ‘Inevitable’
It is “inevitable” that OPEC and partners will agree next week to gradually roll back some of the production cuts that have been in place since January 2017, Saudi Arabia’s Continue Reading
Headwinds for ICE Brent as Saudis, Russia eye output boost
Crude and product futures held steady throughout much of the US trading day Thursday despite fresh indications that Saudi Arabia and Russia would agree to increase output. Saudi energy minister Continue Reading
Russia And Saudi Arabia Will Save The Day If OPEC Deal Falls Apart
Even if the current OPEC/NOPEC oil production cut deal goes to pieces, Saudi Arabia and Russia will be willing to go it alone, the two largest oil producers in the Continue Reading
Russia to propose ‘proportional’ crude oil output increase
OPEC, Russia and its allies may consider a range of proposals to increase crude oil output which could be by as much as 1.8 million b/d, according to a source Continue Reading
‘Not good!’ Trump renews his criticism of OPEC for ‘too high’ oil prices
President Trump speaks to reporters as he arrives aboard Air Force One from Singapore at Joint Base Andrews, Md. on Wednesday. (Jonathan Ernst/Reuters) President Trump took fresh aim at the Continue Reading