OPEC May Ease Oil Cuts As Soon As June
As soon as next month, OPEC may decide to reverse some of the production cuts in place since the beginning of 2017, to respond to supply concerns over plummeting Venezuelan Continue Reading
Could Venezuela Prompt OPEC To Pump More?
Venezuela’s oil industry is collapsing fast. No wonder then that OPEC is finally talking about perhaps raising production to make up for Venezuela’s overdelivering on production cuts. As Reuters reported Continue Reading
OPEC may decide to ease oil supply curbs in June: sources
OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too Continue Reading
OPEC talks, sanctions to be a focus at St Petersburg forum
Leading politicians, oil ministers and CEOs will meet at the St. Petersburg Economic Forum this week to discuss key issues affecting the energy sector, including recent oil price rises, the Continue Reading
OPEC looking closely at Venezuelan oil output drop: sources
OPEC is looking closely at a drop in oil output from Venezuela to see if the loss of supply from the member state warrants action by the group, sources familiar Continue Reading
IEA ‘Ready To Act’ To Keep Oil Markets Well Supplied
The International Energy Agency (IEA) is ready to act if “necessary to ensure that markets remain well supplied,” the IEA’s Director for Energy Markets and Security, Keisuke Sadamori, told S&P Continue Reading
IEA Cuts Oil Demand Forecasts As Markets Evolve
The IEA has cut oil demand forecasts as the recent growth in oil prices continues. The agency expects demand to fall in response to high prices, but there are a Continue Reading
Exclusive: BP chief sees shale, OPEC cooling oil markets
BP Chief Executive Bob Dudley expects a flood of U.S. shale and the reopening of OPEC taps to cool the oil market after crude rose above $80 a barrel this Continue Reading
Is Russia About To Abandon The OPEC Deal?
OPEC and Russia are meeting in a little more than a month to discuss the progress of their oil production deal and what’s next. On the face of things, there Continue Reading
OPEC Won’t Stop When Oil Hits $80
OPEC is not in a rush to start winding down the production cuts despite oil prices continuing their strong rally, with Brent briefly breaking above $79 a barrel on Tuesday. Continue Reading