OPEC likely to defer output policy decision until June: sources
OPEC and its partners are unlikely to decide on their output policy in April as it would be too early to get a clear picture of the impact of their Continue Reading
Russia to speed up oil production cuts this month: Novak
Russia plans to speed up oil output cuts this month and by the end of the month it will bring the combined oil production cut level to 228,000 barrels per Continue Reading
Russia Aims To Reach OPEC+ Production Cut Quota By End-March
Russia will speed up its oil production cuts this month and plans to reach its share of the OPEC/non-OPEC output reduction by end-March or early April, Russian Energy Minister Alexander Continue Reading
Reuters Survey: OPEC Oil Production Drops To Four-Year Low
OPEC’s production dropped to a four-year low in February, helped by Saudi Arabia and its Arab Gulf allies overachieving in their shares of the cuts, the monthly Reuters survey showed Continue Reading
In rebuff to Trump, OPEC oil output drops further in February
OPEC oil supply fell to a four-year low in February, a Reuters survey found, as top exporter, Saudi Arabia and its Gulf allies over-delivered on the group’s supply pact while Continue Reading
U.S. energy secretary warns OPEC bill could cause oil spikes long term
The U.S. energy secretary said on Thursday the United States needs to be cautious about legislation allowing the Trump administration to sue OPEC and other oil producers oversupply cuts because Continue Reading
US energy secretary warns anti-OPEC bill could bring oil price spike
Trump ‘always concerned’ about rise in oil price US energy policy aims for stable prices: Perry IMO 2020 could raise diesel, jet fuel prices: IEA chief Washington — Receive daily Continue Reading
Will Trump Take Action Against OPEC?
Brent is creeping back up towards the high-$60s per barrel, prompting a scolding of OPEC by President Trump via tweet earlier this week. Trump’s irritability with high oil prices is Continue Reading
With OPEC likely to ignore Trump, oil prices edge up
Oil futures inched up on Tuesday after news that OPEC would continue production cuts despite comments from U.S. President Donald Trump, who criticized the producer group for rising crude prices Continue Reading
Nigeria: Can OPEC Hold Its Ranks? Implications for Nigeria
Eleven members of the Organisation of the Petroleum Exporting Countries (OPEC), and 10 other nations are collectively trying to remove about 1.2 million barrels of daily production to stabilize the Continue Reading