OPEC ‘Supergroup’ Keeps Oil Exports Subdued
I was jesting the other day about who would be on guitar in OPEC’s supergroup, but it got me thinking about the various global oil producers, and how their traits Continue Reading
Saudi oil minister hopes OPEC, allies will ease output cuts in 2019
Saudi Arabia oil minister Khalid al-Falih said on Saturday that he hopes the production constraints under a deal between major OPEC and non-OPEC oil producers will ease in 2019. The Organization Continue Reading
OPEC balancing act depends on over-performance
Compliance with the OPEC-led effort to balance the market with production cuts was supported by “several over-performing countries,” a committee said. The Organization of Petroleum Exporting Countries, with support from Continue Reading
Supply glut fears nearly assuaged, OPEC now frets shrinking spare capacity
Having helped wrestle the oil market from its latest bust, OPEC is now setting its sights at avoiding the next one. While insisting that its work to drain oil inventories Continue Reading
OPEC, Russia Said to See Oil Glut Dissipating at a Faster Rate
The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated. (Bloomberg) — The latest discussions between OPEC Continue Reading
OPEC Deal Closer Than Ever To Meeting Market Rebalancing Goals
The OPEC deal is closer than ever to meeting its market rebalancing goals, with OECD inventories now just 74 million barrels above the five-year average recorded in January 2017, according Continue Reading
Mexico becomes first Latin American country to join the IEA
By entering the “most important energy forum in the world,” Mexico is the newest, and first Latin American, country to join the IEA, its government announced. Mexico deposited its signature Continue Reading
Is This The Future For OPEC?
OPEC and Russia, along with other countries participating in the oil production cuts aimed at balancing the market, are looking to create a “super group of oil producing countries,” according Continue Reading
OPEC balancing act added $25 per barrel to oil, Saudi minister says
An OPEC effort to balance the market, which includes support from producers like Russia, has added about $25 per barrel to oil, the Saudi oil minister said. The Organization of Continue Reading
Next OPEC+ ministerial meeting planned for April: RIA
The next Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) will be held in April in Saudi Arabia, Russian RIA news agency reported on Sunday, citing an OPEC statement. It also said Continue Reading