Russia Makes A Move On Asian Oil Markets As OPEC Cuts
Oil prices have been struggling to rise beyond the low $50s per barrel. Not helped by news this week that Libya’s production has hit a 3-year high at 715,000 barrels Continue Reading
Oil Minister: Iraq Has Already Cut 180,000 Bpd Under OPEC Deal
Amid speculation whether Iraq would really play along with the OPEC production cuts, the oil minister of the cartel’s no.2 producer said on Monday that the country had already cut Continue Reading
Analysis: OPEC/non-OPEC claim compliance but questions linger
OPEC and non-OPEC producers left their meeting in Vienna Sunday claiming 100% commitment with plans to cut output, but market watchers will have to wait a little longer for hard Continue Reading
OPEC Shrugs Off Threat of U.S. Cutting Oil Imports
OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to Continue Reading
OPEC, non-OPEC producers meet to discuss compliance with oil cut deal
A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC’s headquarters in Vienna, Austria December 10, 2016. A committee of Continue Reading
OPEC and Friends Agree on Way to Monitor Oil Cut to End Glut
Compliance is great — it’s been really fantastic,” Al-Falih said Sunday. “Based on everything I know, I think it’s been one of the best agreements we’ve had for a long Continue Reading
Has OPEC Seriously Underestimated U.S. Shale Dynamics?
Oil was flat this week as rising U.S. shale production and a bearish inventory report continued to put pressure on WTI and Brent. Crude oil inventories rose by another 2.4 Continue Reading
OPEC, Russia Meet in Vienna for First Check on Oil-Cuts Progress
No compatible source was found for this media. OPEC’s Barkindo: ‘So Far, So Good’ on Production Cut Deal Representatives of OPEC and several other major oil producers will start arriving Continue Reading
Saudi Arabia’s Falih says 1.5 million barrels/day cut from market in January
Saudi Arabian Energy Minister Khalid al-Falih said on Friday that 1.5 million of an agreed upon 1.8 million barrels per day (bpd) of oil had been taken out of the Continue Reading
International Energy Agency Monthly Oil Market Report
The global demand outlook for 2016 has been raised following the release of robust preliminary 4Q16 numbers. Colder weather in northern Europe provided impetus as did rapid industrially-driven Asian growth. Global oil Continue Reading