OPEC’s Production Cut: Who Will Cheat First?
There was one significant part of last year’s OPEC deal that was absent, and it may prove to be its undoing. Just weeks into the deal and days from a Continue Reading
OPEC sees weaker appetite for its crude as cut deal kicks in
OPEC expects demand for its own crude to fall this year but is mindful that the return of US shale could dent positive early signs on non-OPEC compliance with the Continue Reading
OPEC output cuts under scrutiny as market tightens: IEA
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. REUTERS/Heinz-Peter Bader World Continue Reading
Shale Rebound Will Cramp OPEC’s Style
The Energy Department gave oil bulls a sobering reminder Tuesday: Shale oil production is rising strongly, particularly from the Permian Basin in western Texas and New Mexico. Putting an exclamation Continue Reading
Saudis, Kuwait, Algeria Cut More Than Pledged To OPEC
Saudi Arabia, Kuwait and Algeria may have cut their respective production below the levels they had promised in the OPEC deal, because all three are eager to show not only Continue Reading
OPEC questions take wind out of oil rally’s sails
Doubts about whether all parties to an OPEC-led agreement to cut production will do enough to balance markets pushed oil prices lower early Friday. Saudi Arabia, the de facto leader Continue Reading
OPEC Production Cuts: Here’s The Cheat Sheet
OPEC will present its Monthly Oil Market Report on the 18th of January, at a time when OPEC and non-OPEC members are making their first production cuts in line with Continue Reading
As OPEC Acts on New Year’s Resolution, U.S. Shale Pumps Away
U.S. shale is getting in the way of a New Year’s resolution by OPEC to cut production and boost the market. Producers and merchants increased their bets on lower West Continue Reading
Venezuela will circulate new proposal next week to support oil prices
Venezuela’s President Nicolas Maduro holds speaks during his annual report of the state of the nation at the Supreme Court in Caracas, Venezuela January 15, 2017. REUTERS/Carlos Garcia Rawlins Venezuela Continue Reading
Should the US Cut Oil Production in Line With OPEC, NOPEC?
OPEC’s subtle message that the US should join its production cut pledge with other non-OPEC nations – in the interest of global market stability – is unlikely to get an Continue Reading