Big Shale Turns OPEC Ally From Foe With Focus on Oil Returns
Don’t expect Big Shale to rush and fill the hole left by OPEC in the oil market. (Bloomberg) — Don’t expect Big Shale to rush and fill the hole left Continue Reading
Saudi Oil Minister Hints At Post OPEC Deal Strategy
OPEC and Russia-led non-OPEC oil producers left any ‘exit strategy’ talk out of their agreement to extend the production cut pact through the end of 2018 last week, and now Continue Reading
Does OPEC Need An Exit Strategy?
One of the crucial details that OPEC omitted when it rolled over its production cuts for another year was how the group plans on winding down the agreement. When pressed Continue Reading
OPEC expects to stick to cuts in second half of 2018: Saudi minister
Saudi Arabia’s Energy Minister Khalid al-Falih said on Monday oil producers might start discussing in June when to raise output once the market outlook was clearer, even though OPEC was Continue Reading
OPEC extension a win-win, even for U.S. shale oil producers
A move by parties to an OPEC-led agreement to extend a production cut deal to the end of 2018 is a win-win, including for U.S. shale oil players, analysts said. Continue Reading
OPEC and Russia Extend Output Cuts, Strengthening Oil Alliance
All participants agreed market is moving in right direction Libya, Nigeria accept production limits for the first time OPEC and its allies outside the group agreed to maintain oil production Continue Reading
OPEC, Russia agree oil cut extension to end of 2018
OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of Continue Reading
Visualizing OPEC’s Success
But it hasn’t all been plain sailing. In fact, it’s been decidedly choppy. From an export perspective, certain cartel members have made a concerted effort to keep crude off the Continue Reading
Oil prices rise after OPEC extends output curbs
Oil prices edged higher on Friday, a day after OPEC and other major producers agreed to extend output curbs until the end of 2018 in a bid to tackle global Continue Reading
As OPEC extends output cuts, Asia turns to North America for more oil
Asian refiners are losing no time reacting to a decision by OPEC and Russia to extend their agreed production cuts to all of 2018, ordering more oil from the Caribbean Continue Reading