OPEC+ Fails To Reach Production Targets In January
OPEC has again failed to meet its own production targets again in January as the group lifted production only 210,000 additional barrels per day for the month. Looking at this Continue Reading
OPEC’s Shrinking Capacity Could Send Oil Above $100
The oil market is quickly realizing that many OPEC producers may not have the capacity to boost output much further. OPEC+ has been undershooting its collective production targets for months Continue Reading
OPEC Update, January 22, 2022
The OPEC Monthly Oil Market Report (MOMR) for January 2022 was published this past week. The last month reported in each of the charts that follow is December 2021 and Continue Reading
IEA ”Loses” 200 Million Barrels Of Crude Oil
There is a 200-million-barrel gap between the agency’s own global inventory calculations and what it observed in the global oil supply Wrong assumptions about demand were clearly one cause for Continue Reading
OPEC+ compliance rises to 122% in December, sources say
OPEC+ compliance with oil production cuts rose to about 122% in December, two sources from the producer group told Reuters, indicating that some members continue to struggle to raise their Continue Reading
IEA Sees Tighter Oil Market
Global oil markets look tighter than previously thought. Global oil markets look tighter than previously thought as demand suffers surprisingly little impact from the latest coronavirus strain while supplies are Continue Reading
Dwindling OPEC+ Spare Capacity Sets Oil Up for Sizzling Summer
As they strain to restore oil production, OPEC and its allies are being left with a diminishing buffer of spare supplies — potentially setting up crude prices for a sizzling Continue Reading
OPEC oil output boost in December again undershoots target
The increase in OPEC’s oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are Continue Reading
IEA Will Soon Free All Its Energy Data
If you’ve unlocked some recent International Energy Agency (IEA) data for a few thousand dollars, it could be the last time you are required to do so. The IEA is Continue Reading
OPEC Output Boost Severely Limited
The Organization of Petroleum Exporting Countries added just 90,000 barrels a day in December. OPEC made only part of its planned production increase last month, with supplies hampered by disruptions Continue Reading