Did Russia Just Call The End of The OPEC Deal?
OPEC and heavyweight Russia may fight America for its share of the oil market, Russia’s Finance Minister Anton Siluanov told TASS on Saturday, even if it means quitting the OPEC Continue Reading
Robots Take Over Oil Trade And OPEC Is Scared To Death
Artificial intelligence has been making inroads into the oil and gas industry for a while now after the industry realized all the benefits it could reap from the deployment of Continue Reading
OPEC may raise oil output if prices increase, shortages…
OPEC may raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying, because extending production cuts with Russia and other allies could overtighten the Continue Reading
THE COMING MIDDLE EAST OIL CRISIS: The Collapse Of Net Oil Exports
The Middle East is heading for a crisis in its oil industry. Unfortunately, the market doesn’t realize there is any danger on the horizon because it mainly focuses on how Continue Reading
Is This The End Of The OPEC Deal?
Oil prices ran into a brick wall on Thursday, falling more than 1 percent on news that U.S. inventories jumped and OPEC may be considering an exit from its production Continue Reading
OPEC could raise oil output if prices increase, shortages mount – sources
OPEC could raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying because extending production cuts with Russia and other allies could overtighten the Continue Reading
IEA highlights demand concerns amid oil market tightness
The global oil market is tightening due to sharp production falls in Saudi Arabia and Venezuela, the International Energy Agency said Thursday, but cautioned there are still “mixed signals” over Continue Reading
OPEC Oil Output Dips To Four-Year Low As Cartel Tightens Market
OPEC’s crude oil production dropped by more than 500,000 bpd month on month in March, to the lowest since February 2015, as Saudi Arabia followed through its commitment to cut Continue Reading
OPEC points to tighter market in 2019 but wary of slowing economic growth
OPEC’s research and analysis arm pointed towards a much tighter market in 2019 as the group has seen its production fall significantly this year, led by curbs to Saudi Arabian Continue Reading
OPEC March Data and Saudi Report
The below OPEC charts were taken from data in the OPEC Monthly Oil Market Report . All data is through March 2019 and is in thousand barrels per day. There Continue Reading