Are Non-OPEC Producers About To Boost Oil Further?
BP khazzan operators Oil prices inched up on Friday as a result of a positive U.S. jobs report after rallying 14 percent in two days. (Click to enlarge) (Click to Continue Reading
OPEC Deal Can Work, But ‘We Tend to Cheat,’ Al-Naimi Says
OPEC’s agreement to cut production for the first time in eight years has the potential to balance the oil market, as long as everyone sticks to it, former Saudi Arabia Continue Reading
OPEC deal expected to tighten oil market in 2017: Kemp
OPEC has reached an agreement to cut its oil output by almost 1.2 million barrels per day and been rewarded with an increase in nearby futures prices of around $5 Continue Reading
OPEC Focuses on Shrinking Stockpiles to Pave the Way for $60 Oil
OPEC’s first production cuts in eight years are intended to shrink the world’s bloated oil stockpiles back to a normal level, paving the way for prices to rise to more Continue Reading
OPEC History Shows Hard Work on Cuts Deal Is Only Just Beginning
No compatible source was found for this media. OPEC’s work isn’t done yet. Oil traders and investors cheered Wednesday’s landmark deal to curtail oil production. But history shows compliance with Continue Reading
Exclusive: How Putin, Khamenei and Saudi prince got OPEC deal done
Russian President Vladimir Putin played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel’s first deal with non-OPEC Russia in 15 Continue Reading
OPEC deal more about balance than price
An OPEC agreement to limit oil production for the first time in nearly a decade does more to erase a market surplus than support higher prices, analysis finds. Members of Continue Reading
Is This The Mastermind Behind The OPEC Deal?
Going into the Algiers OPEC meeting in late September, the prevailing sentiment among the analyst community was that there is no way any deal will get done: after all there Continue Reading
OPEC Deal Hinged on 2 a.m. Phone Call and It Nearly Failed
After months of meetings from Doha to Moscow, it was a 2 a.m. phone call between two of the most powerful men in the global oil industry that finally broke Continue Reading
Winners And Losers Of The OPEC Deal
It’s no secret I’ve been one of the consistent naysayers about the OEPC deal. I was confident a deal wouldn’t be had, and that if they did manage to reach Continue Reading