OPEC+ Has Only One Choice As Oil Prices Slide
The meltdown for oil prices came to a halt, at least temporarily, after Saudi Arabia signaled that the OPEC+ production cuts would be sticking around for a little while longer. Continue Reading
OPEC says declining US market share trend continued in 2018
Highlights OPEC oil production declined 1.3% year on year in 2018 Group’s oil exports to North America declined 12.6% US oil output surged 17.2% over same period London — OPEC Continue Reading
Saudis Pledge To Rebalance Markets After Price Plunge
After oil prices booked in May their worst decline in six months amid fears that trade wars would slow down global economic and oil demand growth, the price of oil Continue Reading
OPEC Oil Output Set For Drop Despite Saudi Production Boost
OPEC’s oil production dropped to a 2015 low of 30.17 million bpd in May, as a major 200,000-bpd increase in Saudi Arabia’s production was unable to offset an even larger Continue Reading
Trump’s sanctions hit OPEC oil output despite Saudi boost – survey
Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States Continue Reading
Trump’s sanctions hit OPEC oil output despite Saudi boost: survey
Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States Continue Reading
Russia to consider extending oil output cut with OPEC: deputy PM
Russia’s Finance Minister Anton Siluanov speaks during a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia, November 28, 2018. REUTERS/Maxim Shemetov NUR-SULTAN (Reuters) – Russia will Continue Reading
OPEC Signals Intention to Keep Limits on Oil Supply for All of 2019
Energy ministers from OPEC and its allies met to discuss prices and production cuts, in Jiddah, Saudi Arabia, Sunday, May 19, 2019. The meeting took place as tensions flare in Continue Reading
Oil Markets In Limbo After OPEC+ Meeting
Oil was flat at the start of trading on Tuesday, still caught between U.S.-Iran tensions on the one hand, and the downside risk of the U.S.-China trade war. – Venezuela’s Continue Reading
OPEC+ Top Priority: Don’t Crash Oil Prices
OPEC+ is considering increasing production in the second half of 2019, as the oil market tightens following a series of major outages. OPEC+ met in Jeddah over the weekend to Continue Reading