OPEC November Production Hits Record Highs
The greatest trick OPEC ever pulled was convincing the world to buy oil even as production kept rising to new all-time highs. Case in point, just out from Reuters: o Continue Reading
The Wider Ramifications Of The OPEC Deal
Contrary to many analysts’ expectations, OPEC successfully reached a deal to cut production on Wednesday. The deal, while still contingent upon non-OPEC production cuts, would see total OPEC production drop Continue Reading
OPEC to meet non-OPEC oil producers in Vienna December 10: Barkindo
OPEC has invited 14 non-OPEC oil producers to finalize details of coordinated cuts on Saturday December 10, at the oil producer group’s headquarters in Vienna, secretary general Mohammad Barkindo said Continue Reading
Ahead of deal to cut, OPEC oil output hits record high: Reuters survey
OPEC’s oil output set another record high in November ahead of a deal to cut production, a Reuters survey found on Monday, helped by higher Iraqi exports and extra barrels Continue Reading
OPEC to Seek More Oil-Output Cuts from Nonmembers
The Organization of the Petroleum Exporting Countries’ logo is pictured ahead of a meeting between… OPEC’s agreement to slash oil output faces its first test Saturday, when it asks producers Continue Reading
OPEC Target Gets Harder as African Members Boost November Output
OPEC’s mission to implement last week’s historic deal to curb production for the first time in eight years just got a little bit harder after three of its African members Continue Reading
How Russia Outsmarted OPEC
OPEC’s historical deal to cut production has been sealed, and oil prices have jumped as a result, comfortably above the $50 per barrel mark. According to Lukoil’s vice president, Leonid Continue Reading
The Wider Ramifications Of The OPEC Deal
Pipeline and gauge Contrary to many analysts’ expectations, OPEC successfully reached a deal to cut production on Wednesday. The deal, while still contingent upon non-OPEC production cuts, would see total Continue Reading
Iran’s oil minister to attend OPEC, non-OPEC meeting in Vienna: SHANA
Iran’s Oil Minister Bijan Zanganeh arrives for a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016. Iran’s oil minister Bijan Namdar Zanganeh Continue Reading
Expert Commentary: Oil Rallies For Now, But Can OPEC Keep Its Promise?
OPEC exceeded the market’s expectations this week by creating a plausible deal to reduce output to 32.5m bpd with broad participation (10 members will cut, Libya and Nigeria are exempt Continue Reading