Is OPEC Deal Compliance About To Crash?
OPEC is declaring victory in its efforts to rebalance supply and demand and bring the oil market back to stability—its favorite proxy buzzword for less volatile and relatively high oil Continue Reading
UAE energy minister sees no big challenges in output pact extension
UAE Energy Minister Suhail bin Mohammed al-Mazroui said that oil producers will have little difficulty taking a decision later this month about extending a global output deal, he was quoted Continue Reading
OPEC Guide
OPEC pumps 32.57 mil b/d in Oct, down 90,000 b/d from Sep: Platts survey Iraq oil output falls to six-month low on Kurdistan outages Nigeria, Algeria, Venezuela also post steady Continue Reading
OPEC Eyes $70 Oil
Brent prices hit $60 a barrel 10 days ago and have maintained that level ever since, sparking talk that this could be the new floor under oil prices and that Continue Reading
OPEC says electric vehicles could lead oil demand to plateau in 2030s
A rapid adoption of electric vehicles could cause world oil demand to reach a plateau in the second half of the 2030s, OPEC said in a report, a potential setback Continue Reading
OPEC Prepares For Peak Oil Demand In Late-2030s
OPEC . The annual release of the bloc’s World Oil Outlook points out that if just a quarter of the world’s cars run fully on batteries, demand would plateau at Continue Reading
OPEC Says Oil Demand Will Grow Past 2040
OPEC’s forecast lends the cartel’s voice to a debate in the oil industry over how soon demand for crude oil will decelerate. Royal Dutch Shell PLC and Norway’s Statoil SA, Continue Reading
OPEC seeks consensus on duration of oil cut pact before meeting
OPEC is seeking to achieve consensus agreement before a meeting on Nov. 30 on how long to extend a global pact to curb oil production, OPEC’s secretary general said on Continue Reading
OPEC Now Says U.S. Shale Will Grow Even Faster Than They Previously Thought
Group raises forecast for shale oil output in annual report Shale producers show ‘resilience and ability to bounce back’ OPEC said shale oil production will grow considerably faster than expected Continue Reading
Nigeria supports OPEC cut extension under ‘the right terms’
Nigeria supports an extension of a deal between OPEC, Russia and other non-members to cut oil supply until the end of 2018 “as long as the right terms are on Continue Reading