Oil’s jump to $100 earlier this week hasn’t changed the dynamics in the OPEC+ group. A senior source with OPEC+ rejected the idea that the Russian attack on Ukraine could Continue Reading
OPEC+ decided to add 400,000 bpd to its production quota for March. A growing number of oil analysts think that OPEC+ may struggle to deliver on its output promises. Saudi Continue Reading
OPEC+ still expects the global oil market to be in a surplus this year, but has revised the overhang by 100,000 bpd to 1.3 million bpd, Reuters reported citing the Continue Reading
OPEC and its allies agreed to a small, planned increase in crude production amid soaring oil prices, with concerns over supply heightened due to a possible Russian invasion of Ukraine. The Continue Reading
OPEC and its allies agreeing to a modest output hike may do little to soothe Asian buyers struggling with high oil prices, as concerns loom about the group’s production target Continue Reading
OPEC+ will likely stick to existing policies of moderate output increases on Wednesday, five sources from the producers’ group said even as it expects demand to rise to new peaks Continue Reading
Bullish sentiment has taken over oil markets, with long positions outnumbering short positions by 13 to one as OPEC resists pressure to ramp up production. Chart of the Week – Continue Reading
Highlights Analysis shows 832,000 b/d shortfall to December quotas OPEC+ ministers meet Feb. 2 to decide March output levels Delegates say no discussion of potential Russia sanctions The oil market Continue Reading
OPEC+ will likely stick to existing policies of moderate output increases on Wednesday, five sources from the producers’ group said even as it expects demand to rise to new peaks Continue Reading
OPEC has again failed to meet its own production targets again in January as the group lifted production only 210,000 additional barrels per day for the month. Looking at this Continue Reading
