Russia Balks At Continued Oil Production Cut Alliance with OPEC
Russia is dragging its feet over the oil production cut deal that it has reached with OPEC and other non-OPEC countries. The deal, which was to go into effect on Continue Reading
Why OPEC’s Decision To Delay Makes Sense
OPEC decided to maintain deeper cuts for the next few months, but it also decided to delay until June a decision on whether or not to extend the supply curbs. Continue Reading
UAE energy minister said expects to finalize OPEC, non-OPEC charter in June.
The United Arab Emirates’s energy minister said on Wednesday he expects OPEC to finalize the long-term cooperation charter with its non-OPEC partners in June. The UAE is committed to delivering Continue Reading
OPEC scraps April meeting but keeps oil cuts in place
Oil producer group OPEC on Monday scrapped its planned meeting in April and will decide instead whether to extend output cuts in June, once the market has assessed the impact Continue Reading
OPEC’s Barkindo says rebound in oil investments ‘very minimal’
The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said. Barkindo was Continue Reading
Saudi Falih optimistic on continued commitment to OPEC+ oil supply cut
Saudi Arabia’s energy minister said on Sunday he was optimistic about continued commitment to the oil supply cut agreement between OPEC and non-OPEC members. “I am obviously optimistic that implementation Continue Reading
OPEC to scrap April meeting but keep oil cuts in place
OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the Continue Reading
OPEC, Russia Deepen Oil Output Cuts but Disagree on Their Duration
OPEC and a group of 10 oil-producing nations led by Russia are deepening their crude production cuts, but remain split on whether the curbs should remain in place through the Continue Reading
Consensus building towards a decision on OPEC cuts in June: Falih
OPEC and its allies are not likely to decide whether to extend their oil production cuts until June, close to their scheduled expiry, Saudi energy minister Khalid al-Falih said Monday. Continue Reading
Saudi Arabia’s Delicate Baku Balancing Act
OPEC (plus Russia) is meeting in Baku this weekend, and the Saudis are playing a delicate balancing act—not only disappointed in Trump’s less aggressive tactics against Iran, but also disappointed Continue Reading