Environmentalists and shareholders concerned about the risks of investing in oil in the energy transition were not the only winners of last week’s historic rebuke of Big Oil by investors Continue Reading
As agreed in early April, OPEC has been raising its oil production in May, but lower output in Nigeria, Angola, and Iran partly offset major increases from top producers Saudi Continue Reading
Highlights 23-country oil producer bloc set to meet online June 1 OPEC+ delegates say the plan remains to ease quotas Iran sanctions deal, Asia coronavirus hotspots bear watching Oil prices Continue Reading
For oil traders, the biggest question in the market is how fast OPEC and its allies will revive production later this year. Next week they may get some clues. When Continue Reading
OPEC+ is likely to stick to the existing pace of gradually easing oil supply curbs at a meeting on Tuesday, OPEC sources said, as producers balance expectations of a recovery Continue Reading
The OPEC+ group is expected to confirm next week its May-July plan to ease the oil production cuts by the planned 840,000 barrels per day (bpd) in July, OPEC+ delegates Continue Reading
The bombshell suggestion of the International Energy Agency (IEA) that the world doesn’t need any new oil and gas investments ever if it is to reach net-zero emissions could further Continue Reading
The OPEC Monthly Oil Market Report for May 2021 was published this past week. The last month reported in each of the charts that follow is April 2021 and output Continue Reading
OPEC is optimistic that accelerating vaccination programs and rising fuel demand will raise global oil demand by 5.95 million barrel per day (bpd) this year despite the current COVID crisis Continue Reading
Highlights US production outlook downgraded on Texas freeze Call on OPEC crude raised to 27.65 mil b/d OPEC upgrades global GDP growth to 5.5% London — The February deep freeze Continue Reading
