OPEC Cuts 2018 Oil Demand Growth Forecast By 40,000 Bpd
OPEC expects global oil demand to grow at a daily rate of 1.5 million bpd this year, further slowing down to 1.29 million bpd in 2019, the organization said in Continue Reading
Risking Trump ire, OPEC builds case for oil supply cut
OPEC built a case on Tuesday for cutting oil output when it meets next month, warning that a supply glut could emerge in 2019 as the world economy slows and Continue Reading
Saudi Arabia think-tank studying possible effect of OPEC break up: WSJ
Saudi Arabia’s top government-funded think-tank is studying the possible effects on oil markets of a breakup of OPEC, the Wall Street Journal reported on Thursday, citing people familiar with the Continue Reading
Saudi Arabia, OPEC’s Anchor, Ponders a Future Without the Cartel
The research project doesn’t reflect an active debate inside the government over whether to leave the Organization of the Petroleum Exporting Countries in the near term, according to people familiar Continue Reading
Return to oil production cuts in 2019 cannot be ruled out: OPEC sources
A return to oil production cuts by OPEC and its allies next year cannot be ruled out, two OPEC sources said on Wednesday, to avert a possible supply glut that Continue Reading
Can We Expect A New Round Of Oil Production Cuts Next Year?
Saudi Arabia and Russia have started bilateral consultations on whether they should start cutting oil production again in 2019, Russian news agency TASS reported on Wednesday, citing an OPEC source Continue Reading
Saudi Arabia, Russia should cut ‘at least 1 mil b/d instantly’: OPEC delegate
Saudi Arabia and Russia, both of whom have boosted their crude output in recent months, were responsible for a $15/b drop in the price of oil and “should cut at Continue Reading
The Trojan Horse In Oil Markets
The U.S. sanctions on Iran are not biting yet, as global oil markets are well supplied. In the coming weeks, Iranian crude volumes should show a decline. At the same Continue Reading
Interview: IEA’s Birol warns oil market ‘not out of the woods yet’
Major oil producers like Saudi Arabia and Russia need to sustain strong production levels in order to offset supply risks, the International Energy Agency’s executive director Fatih Birol said Tuesday, Continue Reading
Iran Wants OPEC Oil Production Monitoring Committees Scrapped
Iran is calling on OPEC to have its two committees set up to monitor compliance with the OPEC+ deal and review the state of the oil market stop working immediately, Continue Reading