OPEC Guide
Changing output policy will increase supply of sour crudes Huge imbalance between sweet, sour crudes Growing glut of sweet crudes in Atlantic Basin The oil market currently bears a very Continue Reading
OPEC sees strong oil market, possible need for more output
Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the Continue Reading
OPEC’s ‘Modest’ Aims Won’t Be Enough
The OPEC+ meeting is just days away and it seems all but certain that the result will be some sort of increase in production , although the magnitude of the Continue Reading
OPEC Discusses Boosting Production By 300,000 Bpd-600,000 Bpd
OPEC producers are trying to negotiate a compromise deal that could result in the cartel boosting production by between 300,000 bpd and 600,000 bpd over the next few months, Bloomberg Continue Reading
Continental Resources CEO Harold Hamm pulls out of OPEC meeting
Continental Resources Inc Chief Executive Harold Hamm has decided not to attend an OPEC event this week in Vienna, according to a company spokeswoman. Hamm, the founder of one of Continue Reading
UAE energy minister says oil market moving ever closer to becoming rebalanced
United Arab Emirates’ Energy Minister Suhail Al- Mazrouei said on Monday that the oil market is moving closer to rebalancing, according to a statement sent by his ministry. Mazrouei, who Continue Reading
Russia, Saudi Arabia Extend Oil Partnership Indefinitely
Russia and Saudi Arabia have agreed to extend their oil partnership indefinitely, with the agreement stipulating that they could move to regulate oil production at any moment, TASS reports, quoting Continue Reading
OPEC to consider Republic of Congo’s application to become 15th member
OPEC could add a new member at its meeting on Friday, with the Republic of Congo seeking to join the producer group. Congo, which produces about 250,000-300,000 b/d, would become Continue Reading
A look at Saudi Arabia and the new economics of oil
There is absolutely no doubt that the next Opec ministerial meeting this week will pit Saudi Arabia and its Gulf allies against Iraq, Iran and Venezuela, three founder members of Continue Reading
Iran Says Three OPEC Members to Veto Saudi-Proposed Supply Boost
Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Continue Reading