OPEC Will Extend The Cut
There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world’s largest oil producers are really determined to end the supply Continue Reading
OPEC agenda points to short meeting to set oil policy
A draft agenda for OPEC’s meeting on Nov. 30 in Vienna pencils in three hours for the group’s oil ministers to decide whether to extend their oil supply curbs, indicating Continue Reading
Russia is ready to discuss extension of OPEC deal in Vienna: TASS cites Novak
Russia is ready to discuss an extension of a global deal between OPEC and other countries to cut oil output in Vienna on November 30, TASS news agency quoted the Continue Reading
OPEC Is in the Dark About Shale
Andy Hall is said among analysts who briefed OPEC officials Annual shale growth forecasts from 300,000 b/d to 1.7 million OPEC will have to decide whether to extend global oil Continue Reading
OPEC anticipation gives oil bulls a chance to run
Weak British economic growth wasn’t enough to offset short-term pipeline issues in North America or OPEC rumors that lifted oil prices higher on Wednesday. The British Office for Budget Responsibility Continue Reading
OPEC chatroom dead as Qatar crisis hurts Gulf oil cooperation
OPEC’s most powerful internal alliance, bringing together the oil producer group’s Gulf members, is disintegrating fast. As a six-month-old spat between Saudi Arabia and Qatar deepens, the organization’s Gulf ministers Continue Reading
OPEC ministers say oil market is finding balance
OPEC will need to extend supply cuts when it meets next week to end years of global oil oversupply, oil ministers from two OPEC members said on Wednesday, just over Continue Reading
Russian minister says OPEC oil deal hurting domestic economy
Russia’s economic growth in October was negatively affected by a global deal between members of OPEC and Russia to curb crude oil production, Russia’s economy minister said on Thursday. Maxim Continue Reading
Gazprom Speaks Out Against OPEC Production Cut Extension
While OPEC is said to be mostly leaning toward a 9-month extension of the production cuts, Russia’s Energy Minister Alexander Novak and major Russian oil companies discussed last week a Continue Reading
Can OPEC Control The Oil Bulls In Vienna?
But as the November 30 meeting draws near, oil prices have begun to rally on the back of a growing geopolitical risk premium as tensions rise in the Middle East. Continue Reading