OPEC oil output falls in November to lowest since May
OPEC oil output fell in November by 300,000 barrels per day (bpd) to its lowest since May, a Reuters survey found, pressured by a drop in Angolan and Iraqi exports, Continue Reading
The One Indicator OPEC Must Watch
“We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended Continue Reading
OPEC’s November Output Drops 300,000 Bpd
OPEC’s oil output fell by 300,000 barrels per day in November, giving the bloc its lowest production rate since May, according to a new Reuters survey. Cuts in Angola and Continue Reading
Big Shale Turns OPEC Ally From Foe With Focus on Oil Returns
Don’t expect Big Shale to rush and fill the hole left by OPEC in the oil market. (Bloomberg) — Don’t expect Big Shale to rush and fill the hole left Continue Reading
Saudi Oil Minister Hints At Post OPEC Deal Strategy
OPEC and Russia-led non-OPEC oil producers left any ‘exit strategy’ talk out of their agreement to extend the production cut pact through the end of 2018 last week, and now Continue Reading
Does OPEC Need An Exit Strategy?
One of the crucial details that OPEC omitted when it rolled over its production cuts for another year was how the group plans on winding down the agreement. When pressed Continue Reading
OPEC expects to stick to cuts in second half of 2018: Saudi minister
Saudi Arabia’s Energy Minister Khalid al-Falih said on Monday oil producers might start discussing in June when to raise output once the market outlook was clearer, even though OPEC was Continue Reading
OPEC extension a win-win, even for U.S. shale oil producers
A move by parties to an OPEC-led agreement to extend a production cut deal to the end of 2018 is a win-win, including for U.S. shale oil players, analysts said. Continue Reading
OPEC and Russia Extend Output Cuts, Strengthening Oil Alliance
All participants agreed market is moving in right direction Libya, Nigeria accept production limits for the first time OPEC and its allies outside the group agreed to maintain oil production Continue Reading
OPEC, Russia agree oil cut extension to end of 2018
OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of Continue Reading