OPEC and Allies Gather as Oil Market Warns Them: Job’s Not Done
OPEC and allies reviewing the impact of their oil cuts this weekend face a market with an unambiguous message: their work is far from done. As producers meet in Kuwait Continue Reading
OPEC Out Of Moves As Goldman Sachs Expects Another Oil Glut In 2018
Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has Continue Reading
OPEC and Allies Gather as Oil Market Warns Them: Job’s Not Done
OPEC and allies reviewing the impact of their oil cuts this weekend face a market with an unambiguous message: their work is far from done. As producers meet in Kuwait Continue Reading
OPEC In Trouble As Saudis Becoming Weary Of “Free Riders”
From casual observation, one might be forgiven for referring to the OPEC production cut in place since November 2016 as the “Saudi production cut.” That’s because Saudi Arabia, OPEC’s leading Continue Reading
Russia, Saudis Move at a Different Pace as Oil Cuts Scrutinized
Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and hare of a global deal to cut oil supply, with Moscow sticking to a slow Continue Reading
Russia will play OPEC ball, report finds
Russia is likely to play along with what’s expected to be another six months of OPEC production cuts despite lackluster compliance, a new report finds. Members of the five-member committee Continue Reading
Goldman Sachs: OPEC’s Influence On Oil Prices Is Dwindling | OilPrice.com
In a research note, Goldman Sachs has effectively demoted OPEC from a price setter to a mere inventory manager, with the cartel’s long-term control over international oil prices diminishing thanks Continue Reading
How OPEC Shot Itself In The Foot
At the start of March, we showed a fascinating chart from Rystad Energy, demonstrating how dramatic the impact of technological efficiency on collapsing U.S. shale production costs has been: in Continue Reading
OPEC Out Of Moves As Goldman Sachs Expects Another Oil Glut In 2018
Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has Continue Reading
Saudi Arabia may insist on Iran oil output cuts to continue OPEC deal: sources
Geopolitical rivals Saudi Arabia and Iran may be headed for another OPEC showdown, as the producer group enters negotiations over extending oil production cuts in force since January. Saudi Arabia Continue Reading