OPEC’s Production Increases As Iran Ramps Up Output
OPEC’s crude oil production is estimated to have increased to a three-month high of 24.96 million barrels per day (bpd) in April, thanks to a major jump in Iran’s output, Continue Reading
OPEC+ crude oil production rises in April, on surges from Iran, Russia: Platts survey
A resurgent Iran pumped its largest volume of crude in almost two years in April, while an increasingly compliance-challenged Russia also boosted its output yet again, bringing total production by Continue Reading
OPEC+ crude oil production rises in April, on surges from Iran, Russia: Platts survey
A resurgent Iran pumped its largest volume of crude in almost two years in April, while an increasingly compliance-challenged Russia also boosted its output yet again, bringing total production by Continue Reading
OPEC+ oil quota overproduction rises to 3.316 million b/d: document
OPEC and its allies have overproduced their quotas by a cumulative 3.316 million b/d through the end of March, with Russia and Iraq the most egregious offenders, according to an Continue Reading
OPEC Output Flat Ahead Of Planned 600,000 Bpd Boost
OPEC kept its crude oil production essentially flat in April, just before the OPEC+ alliance is set to raise output by 600,000 barrels per day (bpd) in May, a Bloomberg Continue Reading
OPEC Production Rises As Iran Continues To Increase Supply
OPEC likely raised its total oil production in April, driven by another supply increase from Iran, one of the three OPEC members exempted from the OPEC+ production cuts, according to Continue Reading
U.S. Oil Imports From OPEC Plunge To Lowest Since 1973
The OPEC+ production cuts, lower overall oil demand, and declining demand for foreign-sourced lighter crudes resulted in 2020 in the lowest annual American crude oil imports from OPEC in data Continue Reading
OPEC+ alliance affirms crude oil output hike from May, banking on improved demand
OPEC and its allies have the green light to ease back on their production cuts, after ministers April 27 endorsed previously agreed plans to boost crude oil output from May. Continue Reading
OPEC+ Concerned About India’s Oil Demand
The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil, Reuters sources said on Monday. The Joint Technical Committee, or JTC, is Continue Reading
OPEC+ Unlikely To Drastically Change Oil Pact Next Week
The OPEC+ group is unlikely to make any material changes next week to the plans to ease the production cuts over the next three months, Russia’s Deputy Prime Minister Alexander Continue Reading