Expect An Extension Of The OPEC Deal
The oil market is moving in the right direction towards rebalancing, but all options, including extending the cuts beyond March 2018, are left open, the joint OPEC/non-OPEC committee set up Continue Reading
OPEC: “All options” on the table to ensure market balance
OPEC monitoring committee says “all options” are on the table to ensure a market tilted toward the supply side returns to balance. Photo by alphaspirit/Shutterstock Aug. 24 (UPI) — A Continue Reading
OPEC’s all-options strategy not enough to lift the price of oil
Crude oil prices turn lower after a banner day Wednesday as compliance wanes for an OPEC-led effort to balance the market. File photo by Monika Graff/UPI Aug. 24 (UPI) — Continue Reading
OPEC backed into a corner, Texas economist says
With U.S. crude oil production on the rise, it’s clear the production agreement from OPEC hasn’t worked as intended, an economist in Texas said. The Organization of Petroleum Exporting Countries Continue Reading
Forget OPEC, China Controls Oil Prices
U.S. shale has taken a lot of headline space recently as the biggest headwind for oil prices and the highest stumbling block for OPEC’s efforts to prop them up by Continue Reading
Strong Inventory Draws Suggest OPEC Deal Is Working
The EIA included the Anadarko Region in its Drilling Productivity Report for the first time, a sign that the Oklahoma area is gaining importance for oil and gas exploration. • Continue Reading
Oil Holds Steady As OPEC Meets To Talk Slipping Compliance
Oil prices were steady early on Monday morning, searching for a catalyst for direction while OPEC is holding a meeting of its Joint OPEC-Non-OPEC Technical Committee (JTC), which monitors the Continue Reading
OPEC to discuss ending or extending production cut in November: Kuwait minister
OPEC will discuss at a meeting in November whether to extend or end production cuts, Kuwait’s oil minister Essam al-Marzouq told Kuwait TV on Monday. “At our next meeting at Continue Reading
OPEC congratulates Iran’s oil minister on reappointment
OPEC looks forward to a durable and constructive relationship with member state Iran, its secretary general told the country’s reappointed oil minister, Bijan Zanganeh. The Iranian parliament during the weekend Continue Reading
Analysis: OPEC caught in limbo as options to change status quo limited
As OPEC and non-OPEC nations meet for another joint technical committee meeting on August 21, the oil producer group’s options seem limited, leading to a preoccupation with ensuring compliance with Continue Reading