The oil market is quickly realizing that many OPEC producers may not have the capacity to boost output much further. OPEC+ has been undershooting its collective production targets for months Continue Reading
The OPEC Monthly Oil Market Report (MOMR) for January 2022 was published this past week. The last month reported in each of the charts that follow is December 2021 and Continue Reading
OPEC+ compliance with oil production cuts rose to about 122% in December, two sources from the producer group told Reuters, indicating that some members continue to struggle to raise their Continue Reading
As they strain to restore oil production, OPEC and its allies are being left with a diminishing buffer of spare supplies — potentially setting up crude prices for a sizzling Continue Reading
The increase in OPEC’s oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are Continue Reading
The Organization of Petroleum Exporting Countries added just 90,000 barrels a day in December. OPEC made only part of its planned production increase last month, with supplies hampered by disruptions Continue Reading
OPEC+ group continues to deliver lower supply increases than the monthly production quotas In November 2021, the members of the OPEC+ agreement complied with the production cuts at 117 percent Continue Reading
Highlights Alliance sees improved outlook for oil market Next OPEC+ meeting scheduled for Feb. 2 Shrinking capacity could make actual increase smaller OPEC and its Russia-led partners have approved another Continue Reading
The group is sticking to its plan to gradually restore output halted during the pandemic. OPEC and its allies agreed to revive more halted production as the outlook for global Continue Reading
CAIRO, Jan 3 (Reuters) – OPEC’s secretary general-elect said on Monday that global oil demand should return to its pre-pandemic levels by the end of 2022, Al Arabiya news channel Continue Reading
