Is $60 Oil Too Tempting For OPEC?
Last week, a Bloomberg energy journalist tweeted from Riyadh, wondering why there are no mass celebrations of the fact that Brent was coming closer to $60 a barrel. Now that Continue Reading
Russia’s Novak says oil output cut deal could be extended if needed: TASS
Russian Energy Minister Alexander Novak held talks with Saudi King Salman on Thursday after which he said that a global deal between OPEC and other countries to cut oil output Continue Reading
OPEC likely to keep oil supply curbs for whole of 2018: sources
DUBAI (Reuters) – OPEC is likely to stay the course by keeping its current curb on oil production in place for the whole of 2018 despite potential output disruptions next Continue Reading
OPEC vs. U.S. Shale: The Battle For Asian Market Share
Early in October, OPEC’s chief, Mohammed Barkindo, appeared to be unfazed by growing U.S. crude oil shipments to OPEC’s key market, Asia. The official said he expected OPEC exports bound Continue Reading
OPEC Output Drops By 80,000 BPD On Iraq Output Instability
A new Reuters survey found that OPEC’s output dropped in October due to production disruptions in Iraq as well as increased compliance to established quotas by the rest of the Continue Reading
OPEC oil output falls in October led by drop in Iraqi exports
OPEC oil output fell this month by 80,000 barrels per day (bpd), a Reuters survey found, as exports from northern Iraq dropped and other producers maintained adherence to a supply Continue Reading
3 Potential OPEC Deal Killers
The Middle East isn’t yet ready to agree on the future of OPEC’s output reduction deal as the bloc’s November 30 summit approaches, during which the cartel is set to Continue Reading
Exclusive: OPEC’s head says Saudi, Russia statements ‘clear fog’ before November 30 meeting
The fog has been cleared ahead of OPEC’s next policy meeting by Saudi Arabia and Russia declaring their support for extending a global deal to cut oil supplies for another Continue Reading
Saudi Crown Prince Backs Extending OPEC Cuts Into 2018
Prince Mohammed bin Salman says ‘of course’ supports roll-over Heir to throne says Saudi Aramco IPO is ‘on track’ for 2018 Saudi Arabian Crown Prince Mohammed bin Salman backed the Continue Reading
Saudi determined to end oil glut, sees smooth exit for OPEC pact
The world’s top oil exporter Saudi Arabia is determined to reduce inventories further through an OPEC-led deal to cut crude output and raised the prospect of prolonged restraint once the Continue Reading