OPEC Is Now Irrelevant – This Oil Price Plunge Is Different
OPEC Price Band Not very long ago, oil prices traded at well below $20/b and OPEC anxiously came up with a mechanism which it termed as “OPEC Price Band’ $22-$28/b”. Continue Reading
OPEC Special-Case Nations Add 450,000 Barrels in Threat to Deal
Libya and Nigeria boost oil production by a combined 19% Angolan losses not enough to offset output gains elsewhere The OPEC countries claiming exemption from a deal to limit oil Continue Reading
OPEC Head Says Oil Producers On Course to Clinch Supply Deal
Iraq is ‘fully committed’ to Algiers accord, Barkindo says Russia and other non-OPEC nations will also play their part OPEC’s most senior official said the organization and other major oil Continue Reading
OPEC officials start meeting on implementing supply cut
OPEC officials began talks in Vienna on Friday aimed at working out details of their oil supply-cut agreement, which they concede is looking more complicated by the day. The meeting Continue Reading
OPEC Deadlocks Over Iran, Iraq Oil Production
A meeting of OPEC national delegates on Friday ended in a deadlock as Iraq and Iran disputed the data being used to allocate production cuts, officials said. Iraq and Iran Continue Reading
OPEC And The Upcoming Oil Crash: U.S. Producers Are Ready
As warned one month ago after the farcical OPEC meeting in Algiers, the cartel’s latest jawboning ploy to keep prices artificially higher – if only for one more month – Continue Reading
Expert Commentary: The OPEC Oil Rally Is Over
• Oil moved in a narrow $49-$51 range early this week before settling near $49.70 Thursday afternoon. On the bearish side, Russia and Iraq offered uncooperative sound bites regarding production Continue Reading
As cracks emerge in global oil pact, Saudis may need to compromise
Tough negotiations await a group of OPEC experts as they meet their counterparts from other oil producers such as Russia on Oct. 28-29 to hammer out details of an output-capping Continue Reading
Saudis, Gulf OPEC Members Offer To Cut 4% Of Oil Output
Just when a potential OPEC deal was looking more like wishful thinking than a reality, sources told Reuters on Thursday that Saudi Arabia and its Gulf OPEC producer allies had Continue Reading
Would the US ever attend an OPEC meeting?
The recent invitation by OPEC for US officials to join in production freeze talks is clearly a nod to the production powerhouse Americas has become as a result of the Continue Reading