OPEC’s Premature Victory Lap
OPEC met on Friday to review the progress of their work over the past 9 months, assessing whether or not they should extend their current production cuts beyond the March Continue Reading
Iran Says OPEC Must Address Rising Libya, Nigeria Oil Output
OPEC backs any action to help stabilize oil market: Zanganeh Iraq to boost output capacity while committing to OPEC Cuts OPEC’s commitment to cutting production to clear a global glut Continue Reading
OPEC Seeks to Contain Its ‘Problem Children’
The oil refinery in Warri, Nigeria, pictured in August 2015, has roared back to life after years of neglect. Nigeria and Libya have added 550,000 barrels a day of crude-oil Continue Reading
OPEC says winning battle to end oil glut
OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output Continue Reading
OPEC Seeks to Contain Its ‘Problem Children’
The oil refinery in Warri, Nigeria, pictured in August 2015, has roared back to life after years of neglect. Nigeria and Libya have added 550,000 barrels a day of crude-oil Continue Reading
Kemp: Mission Accomplished? OPEC Banishes Contango
“There is no doubt that the oil market is moving in the right direction,” the Organization of the Petroleum Exporting Countries noted with satisfaction in its most recent bulletin published Continue Reading
OPEC’s Strategy To Clamp Down On Cheating
The latest chapter of the “what will OPEC do next” saga unfolded on Thursday as reports emerged that the cartel and the non-OPEC producers led by Russia may discuss a Continue Reading
OPEC panel to discuss extending oil cut deal, tracking exports
OPEC and non-OPEC nations meeting on Friday will discuss a possible extension of an oil supply cut deal to support prices and will consider monitoring exports to assess compliance. The Continue Reading
OPEC Has Success at Last, But Oil Revival May Be Short-Lived
When OPEC and its allies gather this week, they’ll have the best evidence yet that their efforts to clear a global oil glut are succeeding. It may prove short-lived. Crude Continue Reading
Does Russia Really Need The OPEC Deal?
OPEC and Russia are coordinating the first joint OPEC/non-OPEC deal to curb oil output since 2001, but the apparent unity in the face of lower-for-longer oil prices doesn’t disguise the Continue Reading