OPEC March Crude Oil Production Data
All OPEC data below was taken from the April issue of The OPEC Monthly Oil Market Report . The data is through March 2018 and is thousands of barrels per Continue Reading
Strong Demand, Not OPEC, Is Pushing Oil Prices Higher
The rally in oil prices over the past year likely had more to do with higher demand rather than merely the supply taken off of the market by the OPEC/non-OPEC Continue Reading
UAE says most countries in oil cut deal like idea of long-term alliance
A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers’ alliance, the energy minister of the Continue Reading
OPEC chatter, easing trade tensions lift oil prices higher
A thaw in the trade relationship between China and the United States and talk of $80 oil put crude oil prices squarely in rally mode in Tuesday trading. Without naming Continue Reading
OPEC Guide
Venezuelan output plunges as refining woes aggravate Saudi output 9.92 mil b/d, Iraq 4.46 mil b/d, Iran 3.82 mil b/d Angolan production falls to 18-month low UAE, Iraq, Ecuador see Continue Reading
Saudi Oil Minister Expects Oil Cuts To Extend Into 2019
Crude oil prices jumped a percent today on comments from Saudi Arabia’s Energy Minister Khalid al-Falih, who said he expected the OPEC+ production cut deal would be extended into next Continue Reading
Russia says wider cooperation arrangement with OPEC could be indefinite
Russian Energy Minister Alexander Novak said that an arrangement under which Moscow cooperates with the OPEC oil group could become indefinite once a current deal to curb oil production expires Continue Reading
OPEC March oil output sinks to 11-month low: Reuters survey
OPEC oil output fell in March to an 11-month low due to declining Angolan exports, Libyan outages and a further slide in Venezuelan output, a Reuters survey found, sending compliance Continue Reading
Saudi-Iran Proxy War Threatens OPEC Deal
Tensions between Iran and Saudi Arabia triggered doubts about the success of the OPEC+ oil production cut deal two years ago when it was first being hatched. Now, with the Continue Reading
OPEC to stick to supply curbs despite oil rally to $71: sources
OPEC and its allies look set to keep their deal on cutting oil supplies for the rest of 2018, five sources familiar with the issue said, although some producers are Continue Reading