While the oil market is increasingly questioning if OPEC/non-OPEC’s production cuts have any effect, Russia’s Energy Minister Alexander Novak weighed in on Thursday, saying that the production cut pact was Continue Reading
Ships chartered by two oil traders responsible for a significant share of Iran’s fuel exports last year failed to transmit their location and the origin of their cargo—red flags for Continue Reading
A month ago, oil prices appeared to be higher than they should have been, with weak demand, elevated inventories, and a recognition that the nine-month OPEC extension would be inadequate Continue Reading
OPEC June crude oil output 32.49 mil b/d, up 220,000 b/d from May: Platts survey OPEC almost 600,000 b/d above ceiling, with Equatorial Guinea Rises in Libya, Nigeria, Saudi Arabia Continue Reading
Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s Continue Reading
Crude production rises for second straight month, survey finds Libya and Nigeria added 130,000 barrels a day last month OPEC’s crude production rose to the highest this year in June Continue Reading
Iraqi oil minister Jabar al-Luaibi said on Monday he would wait for the outcome of OPEC’s upcoming committee meeting before pronouncing on whether or not the group of producers needs Continue Reading
OPEC oil output has risen in June by 280,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, as a further recovery in supply from the two Continue Reading
While all eyes are riveted on how much U.S. shale output is undermining OPEC’s production cuts and any oil price gains, other non-OPEC producers are also increasing crude production, and Continue Reading
If you apply the insights of the literature on disruptive innovation, last week’s fall in oil prices could well place members of the Organization of Petroleum Exporting Countries in a Continue Reading
