Why An OPEC Oil Supply Surge Won’t Happen
The end of the Iranian sanction waivers by the Trump Administration has put oil traders on edge. While most analysts are optimistic about OPEC leader Saudi Arabia being able to Continue Reading
OPEC Unfazed By Potential Supply Shortage
On Monday, in a decision that rocked oil market participants around the world, the Trump administration announced that they will not be renewing or extending oil waivers they had granted Continue Reading
Saudi’s Falih sees no need for swift output action after Iran oil waivers end
Saudi Arabia’s energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude, but added Continue Reading
Gulf OPEC members ready to raise output if there is demand: sources
Gulf OPEC producers can step in to meet any oil supply shortage following a U.S. decision to end waivers on buyers of Iranian crude, but will first wait to see Continue Reading
OPEC has the spare capacity to offset Iran’s oil supply losses, but does it have the will?
Highlights US sanctions aim at Iran’s 1.2 million b/d crude exports IEA pegs OPEC spare capacity at 3.30 mil b/d OPEC/non-OPEC quotas provide less cushion London — The looming lapse Continue Reading
OPEC output decision to be made only after reviewing oil prices: Kuwait minister
The decision by Washington to not extend waivers on Iranian crude oil imports will be a key topic of discussion when OPEC members meet in Jeddah in May, and any Continue Reading
Saudi Arabia, Iraq Prepared To Reverse Oil Production Cuts
Saudi Arabia is ready to start pumping more oil if the United States indeed ends the sanction waivers they granted eight Iranian oil importers last November, Reuters reports , citing Continue Reading
IEA: key oil trends 2018
Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% in 2018 compared to 2017, reaching a record total monthly production of over Continue Reading
OPEC vs. Shale: the Battle for Oil Price Supremacy
Two sets of oil producers are fighting for dominance: the growing U.S. shale patch and the Organization of the Petroleum Exporting Countries. Investors are trying to figure out which side Continue Reading
Russia’s Novak: early to speak about options for oil output deal
Russia’s Energy Minister Alexander Novak, speaking about Moscow’s position on extending a global oil output deal, said on Wednesday it was too early to speak about preferable options. “We should Continue Reading