Oil production cuts: Fool me once…no, make that any number of times
The jawboning of oil prices by the Saudi Arabian/Russian tag team should be wearing off after more than a year of actions that don’t measure up to the words. Oil Continue Reading
OPEC Deal Extension Could Be Shorter Than 6 Months
OPEC could extend its crude oil production cut agreement by less than six months – the period that is widely assumed to be the logical continuation of the initial deal, Continue Reading
BLOG: Dream On, OPEC – The US Will Never Act Like A Cartel
OPEC Sec Gen says US is outside the global trend of cutting crude production for the sake of market stability, but in reality, tight oil companies made market-driven cuts before Continue Reading
OPEC Deal Backfires: Saudis Lose Market Share To Iran, Iraq
Since the start of OPEC’s production cuts, oil market analysts and experts have been focusing on how U.S. shale would respond to the relatively higher and stable oil prices, possibly Continue Reading
Extension of OPEC-led cuts could end oil glut by end-2017: Poll
Supply and demand in the oil market could fall into balance by the end of this year if OPEC and its partners extend their deal to reduce crude output, a Continue Reading
Is The Market Running Out Of Patience With OPEC?
Just as we warned yesterday following the EIA inventory and production data release, the exuberance over the crude draw was misplaced (due to the surge in product builds and almost Continue Reading
OPEC wants further drop in oil stocks, is working for consensus
OPEC wants oil inventories to decline further and is working to ensure a policy-setting meeting in May reaches consensus, the group’s secretary-general said on Thursday in comments pointing to an Continue Reading
OPEC Ministers to Meet Russia Amid Push to Extend Cuts
Consensus is moving in direction of prolonging deal: Al-Falih Saudi minister will speak to Russian counterpart this week The energy ministers of OPEC members Saudi Arabia and Venezuela plan to Continue Reading
Can An OPEC Extension Push Oil To $60?
It now seems quite likely that OPEC will agree to an extension of November’s production cut agreement at their May meeting. The question facing analysts and market watchers is how Continue Reading
Op-Ed: Will OPEC Production Cuts Fail?
OPEC complies with its production cut deal, but one month before the cartel returns to Vienna to consider an extension, crude oil’s march toward market stability and a $65 per Continue Reading