Oil prices fell Thursday after the International Energy Agency reported record production from Organization of the Petroleum Exporting Countries members and subdued expectations for demand growth. U.S. crude for December Continue Reading
Various OPEC members have been busy looking for ways to get all members of the cartel to agree to a production cut, but outside the spotlight, as it turns out, Continue Reading
Desperate times call for desperate measures. And when things no longer work, you throw them out. OPEC may be just that desperate, and perhaps it is now willing to throw Continue Reading
As if OPEC had an easy job to do in trying to get its own 14 members on the same page about its policies, another major unknown entered the global Continue Reading
Estimate rises 110,000 barrels a day to almost 500,000 a day Russian output is likely to lead the increase, agency says The International Energy Agency increased its estimate of oil Continue Reading
Should Opec fail to make output cuts and production from outside the cartel keeps rising, 2017 could be another year of “relentless” global supply growth, the International Energy Agency said Continue Reading
OPEC warned in newly released report that oil prices might not rise above $60 per barrel until the end of the decade, in an acknowledgement that an array of bearish Continue Reading
OPEC is hedging its bets regarding peak oil demand, and has included a scenario in its plans that account for it arriving in just over a decade, should the Paris Continue Reading
Given the election is dominating much of the movement in markets today, and given the timely release of OPEC’s World Oil Outlook, today’s post digs into some of the longer-term Continue Reading
Opec has joined a chorus of energy industry voices saying that oil demand might peak within 15 years, as quicker adoption of alternative fuel cars and more aggressive climate targets Continue Reading
