Are OPEC And Its Allies Producing Too Much Oil?
OPEC and its Russia-led non-OPEC partners in the production cut deal may have to change course in the current relaxing of the cuts, due to increased inventories in recent weeks Continue Reading
OPEC, allies struggle to fully deliver pledged oil output boost – internal document
OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was Continue Reading
U.S-Saudi Clash Could Spell Disaster For OPEC
The Khashoggi case is far from over, as current harsh statements coming from Washington are showing. Not only is there a long line of U.S. Senators calling for an in-depth Continue Reading
Don’t mention the oil price – U.S. legal threat prompts change at OPEC
OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of Continue Reading
OPEC urges producers to ramp up investment amid shrinking spare oil capacity
OPEC Secretary-General Mohammad Barkindo on Tuesday urged oil producing companies to increase capacities and invest more to meet future demand as spare oil capacity shrinks worldwide. FILE PHOTO: Mohammed Sanusi Continue Reading
Saudi rift could bolster US oil, but energy dominance claims overstated: analysts
Saudi Arabia’s veiled threat to weaponize its oil exports for the first time in a generation may prove to be a windfall for US oil producers, but could also undermine Continue Reading
What Will OPEC Do To Calm Stormy Oil Markets?
This was one of the key messages in the speech that OPEC’s Secretary General Mohammad Barkindo delivered at the Oil & Money Conference in London this week. The oil market Continue Reading
IEA Lowers Oil-Demand Growth Forecasts
The demand revisions come as oil prices surged to four-year highs in early October, with Brent crude—the global benchmark—temporarily breaching the $85-a-barrel threshold. Prices have been bolstered by declining Iranian Continue Reading
IEA: Expensive Energy Is Threatening Economic Growth
Expensive energy is back and it is threatening global economic growth, the International Energy Agency (IEA) said in its Oil Market Report on Friday, joining other organizations like the International Continue Reading
IEA cuts global oil demand growth estimates, says higher prices to persist
The International Energy Agency Friday cut its estimates of global oil demand growth this year and next by 100,000 b/d each, while raising its estimate of this year’s growth in Continue Reading