OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles
OPEC is likely to bring the oil market into balance by the middle of next year, but its production cut looks set to fall short of its stated goal of Continue Reading
OPEC Output Deal Faces its First Test
Two days before OPEC ministers gathered in Vienna on Nov. 30, Iran’s oil minister passed a message to his boss, President Hassan Rouhani, people familiar with the matter said: Saudi Continue Reading
Oil Markets Not Convinced OPEC Deal Can Kill The Glut
Offshore oil rigs There are serious questions swirling around OPEC’s production cut deal, ranging from the size of the cuts needed given that production from the cartel rose through November, Continue Reading
Russia Said to Seek Compliance Talks at Saturday’s OPEC Meeting
Russia will seek discussions at a planned meeting with OPEC on Saturday about how the group will fully comply with production cuts, following an increase in its November oil output, Continue Reading
Saudi, Iraq set to supply full contracted volumes to Asia despite OPEC deal
A worker walks at Nahr Bin Umar oil field, north of Basra, Iraq December 21, 2015. Saudi Arabia and Iraq are set to supply full contracted volumes of crude to Continue Reading
OPEC-Russia Courtship Heats Up With Two Oil Deals in One Week
No compatible source was found for this media. Saudi Arabia’s top oil official once said the Organization of Petroleum Exporting Countries should have little faith in any partnership with Russia. Continue Reading
OPEC, U.S. begin ‘cat and mouse’ oil game as producers pounce on hedges
As far as one of the world’s biggest commodities traders, Glencore’s chief Ivan Glasenberg, is concerned, the oil market will be at the mercy of “a cat and mouse game” Continue Reading
OPEC Said to Accept Natural Declines for Part of Non-OPEC Cuts
OPEC won’t insist that all countries participating in a global oil-supply accord actively cut their production, accepting natural output declines from some nations, according to three oil officials familiar with Continue Reading
Kuwait Calls For Meeting To Enforce OPEC Cut In Q1 2017
Kuwait will be taking a leadership role in monitoring the Organization of Petroleum Exporting Countries’ (OPEC) week-old production freeze deal, according to acting oil minister Anas al-Saleh, who said he Continue Reading
OPEC expected to deliver only half of target production cut: Kemp
OPEC will achieve some but not all of the production cuts the organization agreed last month, according to an informal survey of energy professionals conducted after the agreement was announced. Continue Reading