IEA Official: Don’t Expect Deeper OPEC Cuts
A senior official at the International Energy Agency on Tuesday said that OPEC is unlikely to reach any agreement that would change the current production cut deal until such a Continue Reading
Iraq says proposal to deepen OPEC+ cuts to 1.6 mil b/d to be discussed in Vienna
Highlights Any agreement would require unanimous consent Not all members on board with deeper cuts Minister says KRG deal to help Iraq’s quota compliance Vienna — Iraq, which has consistently Continue Reading
Analysis: OPEC+ faces decision on oil cuts, with few good options beyond extension
By OPEC’s own reckoning, the oil market was supposed to have turned the corner by now. At the producer group’s last meeting in July, officials said they were confident a rebound Continue Reading
Will The OPEC Meeting Yield A Bullish Surprise?
Oil prices fell sharply on Friday on rumors that OPEC would decline to deepen the production cuts, but the rumor mill continues to churn. Over the weekend, Iraq’s oil minister Continue Reading
The Qatari foreign minister’s recent meeting with top Saudi officials in Riyadh signals the most serious effort yet to end a 2½-year rift between U.S. allies in the energy-rich Gulf, according to U.S. and Arab officials.
Pressure is on Saudi Arabia’s OPEC delegation—and it all culminates later this week. In Vienna, Saudi energy minister Abdulaziz bin Salman is expected to push for an extension of oil-production Continue Reading
Saudis Push for Longer-Lasting OPEC Cuts as Aramco IPO Approaches
Saudi Arabia will push for an extension of oil-production cuts through mid-2020 at a producers’ summit this week in an effort to prop up Saudi Aramco’s initial public offering share Continue Reading
Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO
OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a Continue Reading
Saudis Push for Longer-Lasting OPEC Cuts as Aramco IPO Approaches
Saudi Arabia will push for an extension of oil-production cuts through mid-2020 at a producers’ summit this week in an effort to prop up Saudi Aramco’s initial public offering share Continue Reading
OPEC November oil output slips before Aramco IPO, policy meeting
OPEC oil output has fallen in November as Angolan production has slipped due to maintenance and Saudi Arabia has kept a lid on supply to support the market before the Continue Reading
Saudis No Longer Willing To Compensate For OPEC+ Cheaters
OPEC’s largest producer and de facto leader Saudi Arabia will likely tell fellow producers in the OPEC+ pact next week that the Kingdom would no longer tolerate and compensate for Continue Reading