Iraq Is Giving OPEC a Headache
Disruptions to Iraqi output and sales seen persisting to 2018 OPEC has to consider political risk pushing up prices: Yergin OPEC has an Iraq problem: the group’s second-biggest exporter is Continue Reading
What Happens If The OPEC Deal Extension Fails?
The oil market has already factored in an extension of the OPEC deal, with the working assumption that the cuts will be extended through the end of 2018. But what Continue Reading
OPEC October Production Data
All data below is based on the latest OPEC Monthly Oil Market Report . All data is through October 2017 and is in thousand barrels per day. I have now Continue Reading
Don’t Count On An OPEC Deal Extension
A year ago this week, markets reeled from the surprise election of U.S. president Donald Trump, and eagerly awaited OPEC’s November meeting as the last hope for an oil price Continue Reading
OPEC Sees Oil Demand Soaring In 2018
True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production… (Click to enlarge) … sharply raised Continue Reading
OPEC Points To Larger 2018 Oil Supply Deficit As Market Tightens
OPEC raises its forecast for demand for its oil in 2018 and says its deal with other producers to cut output was reducing excess oil in storage. LONDON, Nov 13 Continue Reading
OPEC Head Says Oil Cuts ‘Only Viable Option’ to Stabilize Market
Crude market re-balancing at a ‘quickening pace’: Barkindo U.A.E.’s Mazrouei sees 2018 as ‘recovery year’ for oil price The oil market is re-balancing at a quickening pace and production cuts Continue Reading
Oil market rebalancing at accelerating pace: OPEC secretary-general
The oil market is rebalancing at an accelerating pace, as global levels of oil inventories have fallen visibly and demand for oil is robust, OPEC Secretary-General Mohammad Barkindo said on Continue Reading
UAE energy minister: no need to delay decision on extending production cuts
United Arab Emirates energy minister Suhail bin Mohammed al-Mazroui said on Monday that he saw no need for global oil producers to delay beyond their meeting later this month a Continue Reading
OPEC’s War Against Shale Is Far From Over
Despite the recent market rally and current bullish streak in oil prices, the years-long competition for market share between OPEC and U.S. shale producers shows no sign of abating, and Continue Reading