OPEC Has Regained Its Grip On Oil Markets
Higher oil prices seem to have given OPEC the confidence that it needs to begin thinking about moving forward, and with Russia in the mix as well, it appears as Continue Reading
OPEC Unlikely To Open The Oil Taps In June
OPEC probably won’t decide in June to bring back more oil supply, because the cartel and its allies will be watching the ongoing geopolitical events that could impact broader global Continue Reading
Saudi Arabia, UAE, Kuwait To Discuss OPEC Plans On June 1
Just as the Saudis and Russia are said to be considering bringing back some production to address supply concerns, the energy ministers of Saudi Arabia, Kuwait, and the United Arab Continue Reading
OPEC Has A Global Inflation Problem
The rise in oil prices in recent months has been a concern to oil-importing nations and to retail consumers as the rally has been inflating their oil import bills and Continue Reading
Oil Giants Target Free Riders
The rules of the game are changing in the oil market. Prices fell to their lowest in three weeks after reports that the agreement to curtail output by 1.8 million Continue Reading
Russia, Saudi Arabia Near Deal to Lift Output, Giving Moscow New Sway
Russia and Saudi Arabia are hammering out the terms of a deal to jointly increase oil production—a move that could cool crude markets and extend, at least for now, a Continue Reading
Exclusive: OPEC, Russia discuss raising oil output by about 1 million bpd – sources
Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil output by around 1 million barrels per day (bpd), easing 17 months of strict supply curbs amid concerns that Continue Reading
Russia, OPEC Members to Discuss Easing Oil Output Cap
Russia and other large oil producers will next month discuss relaxing an agreement that has cut output and helped support crude prices —a move that could relieve some of that Continue Reading
Russia and Saudi Arabia to discuss relaxing oil production caps
Russia and Saudi Arabia’s energy ministers will discuss a potential relaxation of the global oil output cap agreed between Opec and Moscow amid calls for them to boost output after Continue Reading
A meeting between Secretary Perry and OPEC? Unlikely, say analysts
It would be unprecedented, but Senate Democrats want the Trump administration to send Energy Secretary Rick Perry to Vienna next month for an OPEC meeting. Senate Democrats think meeting will Continue Reading