Trump renews Opec threat in July 4 tweet
US President Donald Trump tweeted about Opec on Wednesday amid Independence Day celebrations, to repeat a threat that lower oil prices should be the quid pro quo for the security Continue Reading
Trump Is Fracturing OPEC
Trump’s tweet over the weekend that Saudi Arabia agreed to add 2 million barrels per day (mb/d) of supply confused the oil markets, pushing prices down a bit on Monday. Continue Reading
The New Oil Cartel Threatening OPEC
When reports emerged that India and China are in talks about forming an oil buyers’ club , OPEC was probably too busy with its upcoming June 22 meeting to concern Continue Reading
Have we reached Peak Sand?
Illegal sand mining in India Yet another thing we are running out of. For years on TreeHugger, we have talked about Peak Everything, having started with Peak Oil. so it Continue Reading
OPEC oil output climbs in June as Saudi opens taps: Reuters survey
OPEC oil output rose last month as Saudi Arabia pumped at a near-record rate, a Reuters survey found on Monday, a sign the world’s top exporter is heeding calls from Continue Reading
Saudi-Russian axis rules oil markets as Trump fights Iran
Iran may be Russia’s ally in the Syrian conflict but when it comes to oil, Tehran’s arch-enemy Saudi Arabia takes precedence – if last week’s OPEC meeting in Vienna is Continue Reading
Goldman Sachs Says U.S. Oil Drama Trumps OPEC’s Vienna Chaos
The most dramatic events in the oil market last week occurred in North America as opposed to OPEC’s get-together in Europe, according to Goldman Sachs Group Inc. The bank says Continue Reading
This Isn’t Your Father’s OPEC Anymore
Judging from its series of consequential meetings last week in Vienna, OPEC seems to have confirmed that the rumors of its death have been greatly exaggerated. The important thing to Continue Reading
Iraq says will work with OPEC on output to keep oil prices stable
Iraqi Prime Minister Haider al-Abadi said on Wednesday that Iraq would cooperate with OPEC and non-OPEC states to maintain oil price stability and prevent further price hikes. OPEC states, Russia Continue Reading
The Bullish Truth Of OPEC’s Agreement
Oil prices jumped 5 percent on Friday after the OPEC+ group announced its vague decision to maintain its collective target while lifting country-specific limits on oil production. The result was Continue Reading