Oil Producers in Consensus to Extend Cuts, OPEC Members Say
Oil cuts to be extended by six months: Iraq, Algeria ministers OPEC to make formal decision at May 25 meeting in Vienna OPEC and other oil producers taking part in Continue Reading
OPEC Raises 2017 Estimate for Supply Growth From Rivals by 64%
Non-OPEC to grow 950,000 barrels a day in 2017, led by U.S. Outlook for non-OPEC now 4 times higher than at outset of cuts OPEC boosted estimates for growth in Continue Reading
OPEC sees much higher oil supply from rivals in 2017
OPEC on Thursday sharply raised its forecast for oil supply from non-member countries in 2017 as higher prices encourage U.S. shale drillers to pump more, hampering OPEC efforts to clear Continue Reading
Libya, Nigeria, And Iraq – A Triple Threat To The OPEC Deal
Saudi Arabia’s energy minister Khalid al-Falih tried to put the markets at ease by all but confirming that OPEC would extend its production cuts through the end of the year. Continue Reading
World’s Largest Oil Trader Warns OPEC: Beware For Weak Demand
When it comes to the oil market, the narrative over the past year, ever since OPEC’s first aborted its meeting last April, has been just one: limit crude supply in Continue Reading
An Extension Is Not Enough – Why OPEC Needs To Cut More
Crude oil prices are slumping, and everyone is clamoring to know: how far can oil fall? Is this a buying opportunity, or is the selloff likely to worsen? Bloomberg recently Continue Reading
Production Cuts vs Innovation – Why OPEC Has Lost The Oil Price War
OPEC and its cartel of friends must be sweating condensates in advance of their May 25th meeting. The oil price war, triggered almost three years ago, is far from over. Continue Reading
Saudi energy minister says oil output cuts likely to be extended
Saudi Arabia’s energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an OPEC-led deal to cut output during Continue Reading
Opec and Russia poised to roll over oil output cuts
Opec and Russia are on course to extend their oil output cuts in an attempt to draw down supplies and bolster the price, with Saudi Arabia saying the cartel is Continue Reading
Saudi Arabia and Russia Signal Oil-Cuts Extension Into 2018
Prolonging cuts will speed up rebalancing of market: Novak Saudi Minister Al-Falih confident of agreement to extend Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling Continue Reading