OPEC Meeting, Tariff Concerns Weigh on Oil Prices
Oil prices fell Friday as traders braced for higher crude production and disruption to global trade. West Texas Intermediate futures fell 2.7% to $65.06 a barrel at the New York Continue Reading
Saudi Arabia plans leaders’ summit this year for OPEC, allies: sources
Saudi Arabia plans to host a leaders’ oil summit later this year for OPEC and non-OPEC countries participating in a supply cut pact, two sources familiar with the matter said Continue Reading
OPEC Back “In the Driver’s Seat”
The most vital industry information will soon be right at your fingertips Join the world’s largest community dedicated entirely to energy professionals Oil prices bounced around over the past few Continue Reading
U.S. Shale, OPEC To Discuss Market Balance In Vienna
As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy to miss the fact that this is not the only meeting that will set Continue Reading
3 Possible Outcomes From The OPEC Meeting
The OPEC meeting is a week away and based on the signals from the group’s top producers, the market is assuming that the group will increase oil production. However, the Continue Reading
OPEC producers, Russia can quickly boost crude output by 1.5 million b/d: IEA
Middle East OPEC producers and Russia can quickly boost crude production by around 1.5 million b/d to make up for Venezuela’s increasing output loss as well as the potential decline Continue Reading
Gloves back on, OPEC and U.S. shale producers to deepen ties in Vienna
Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict. Now, they realize they’re in the same boat and need to Continue Reading
OPEC divisions on whether to increase production run deep
Divisions among key OPEC producers run deep, with competing perspectives emerging in statements Thursday on whether or not to increase oil production. U.S. President Donald Trump turned again to Twitter Continue Reading
Saudi Arabia: Deal To Gradually Ease Cuts Is ‘Inevitable’
It is “inevitable” that OPEC and partners will agree next week to gradually roll back some of the production cuts that have been in place since January 2017, Saudi Arabia’s Continue Reading
Headwinds for ICE Brent as Saudis, Russia eye output boost
Crude and product futures held steady throughout much of the US trading day Thursday despite fresh indications that Saudi Arabia and Russia would agree to increase output. Saudi energy minister Continue Reading