Can OPEC Boost Compliance Back To 100%?
A joint OPEC/non-OPEC technical committee will be meeting in Abu Dhabi on next week to discuss ways to improve compliance by members that have not been sticking 100 percent to Continue Reading
Waning OPEC Compliance Threatens Oil Price Rally
Analysts cut yet again—for a sixth consecutive month—their oil price forecasts for 2017 and 2018, as the slower-than-expected rate of oil market rebalancing puts an increasing amount of pressure on Continue Reading
OPEC’s Existential Sucker Punch
You wait decades for an existential crisis, then two come along at once. At least that’s how it must feel for OPEC’s beleaguered ministers. In the short term the market Continue Reading
OPEC Oil Output Jumps To 2017 High On Further Libya Recovery
OPEC oil output has risen this month by 90,000 barrels per day to a 2017 high, a Reuters survey finds. LONDON, July 31 (Reuters) – OPEC oil output has risen Continue Reading
OPEC’s Existential Sucker Punch
You wait decades for an existential crisis, then two come along at once. At least that’s how it must feel for OPEC’s beleaguered ministers. In the short term the market Continue Reading
OPEC, Non-OPEC Nations to Meet on Compliance With Oil Targets
Representatives of some OPEC and non-OPEC nations will meet in Abu Dhabi on Aug. 7-8 to discuss why some of them are falling behind in their pledges to cut production, Continue Reading
OPEC Has a Crippling Problem: Its Members Can’t Stop Pumping
OPEC, the once powerful oil cartel, is struggling to hold the line in a make-or-break fight to limit oil production, prop up crippling low prices and prove its relevance. Why? Continue Reading
Could Brazil Derail The OPEC Deal?
Brazil is a major oil producing country, but in 2016 was still a net importer, though imports dropped significantly and they have been a slight exporter overall so far this Continue Reading
Saudi Arabia Growing Nervous Over OPEC Compliance
OPEC officials are hoping to limit the production of both Libya and Nigeria, as fears grow that the two exempted members are undermining cuts from the rest of the cartel. Continue Reading
Former Russian Energy Minister: OPEC Deal Working Exactly As Planned
OPEC held a technical meeting in St. Petersburg on July 24 to monitor compliance with the group’s cuts and assess the progress of the rebalancing of the oil market. Unlike Continue Reading