Does Russia Really Need The OPEC Deal?
OPEC and Russia are coordinating the first joint OPEC/non-OPEC deal to curb oil output since 2001, but the apparent unity in the face of lower-for-longer oil prices doesn’t disguise the Continue Reading
The Most Bullish Oil Report This Year
Despite the huge uncertainties related to the two massive hurricanes that hit the U.S., the global oil market looks tighter than it has in a long time, according to a Continue Reading
IEA Sees Strongest Global Oil-Demand Growth in Two Years
Global oil demand will climb this year by the most since 2015, the IEA says, amid stronger-than-expected consumption in Europe and the US. (Bloomberg) — Global oil demand will climb Continue Reading
Global oil inventories shrinking on robust demand: IEA
The global oil surplus is beginning to shrink due to stronger-than-expected European and U.S. demand growth, as well as production declines in OPEC and non-OPEC countries, the International Energy Agency Continue Reading
Demand improves, though oil inventories still high, OPEC says
While global crude oil inventories remain above the five-year average, demand could eat into the surplus because of better-than-expected growth, OPEC said. Economists at the Organization of Petroleum Exporting Countries Continue Reading
OPEC Unfazed By Falling U.S. Oil Demand
Data related to Hurricane Harvey is starting to come together. For the week ending on September 1, refinery inputs fell by 3.2 million barrels per day (mb/d), or 34 percent, Continue Reading
OPEC August Crude Oil Production
All data is through August 2017 and is in thousand barrels per day. The above chart does not include the 14th member of OPEC that was just added, Equatorial Guinea. Continue Reading
OPEC Tactics Raise Production Costs Around The World
Efforts by the Organization of Petroleum Exporting Countries (OPEC) have raised the costs of producing oil and gas by roughly $160 billion, transforming the industry, according to a new business Continue Reading
How OPEC Was Hurt By The Hurricanes
Hurricane Irma was downgraded to a tropical storm early Monday, although it is still bringing floods and damage to much of Florida as it makes its way north, leaving millions Continue Reading
Should OPEC Extend The Production Cut Deal?
Saudi Arabia’s Energy Minister Khalid al-Falih has discussed with his Venezuelan and Kazakhs counterparts the option of extending the crude oil production cut deal beyond the March 31, 2018 deadline, Continue Reading