Iran’s deputy oil minister said on Monday that the OPEC’s primary agreement in Algeria to limit oil output at 32.5 million barrels per day was a small step but in Continue Reading
Offshore drilling platform by night In sticking with our recent $42-$50 forecast for WTI we underestimated the ability of OPEC + Russia to talk the market up while behaving bearishly. Continue Reading
Saudi Oil Minister As Saudi Arabia leads the Organization of Petroleum Exporting Countries in developing a six-month freeze deal, investors and industry officials should consider one key factor before rocking Continue Reading
OPEC’s two largest oil producers Saudi Arabia and Iraq told the oil producer group that their production continued to be at elevated levels, helping the organization’s output to rise sharply Continue Reading
OPEC’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but growing internal differences Continue Reading
OPEC reported an increase in its oil production in September to a multi-year high and raised its forecast for 2017 non-OPEC supply growth, pointing to a larger surplus in the Continue Reading
OPEC’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but growing internal differences Continue Reading
Latest OPEC report shows wide discrepancy in output figures Iraq, Venezuela question estimates from ‘secondary sources’ The scale of the internal differences OPEC must resolve before securing a deal to Continue Reading
A production cut from members of the Organization of Petroleum Exporting Countries would be needed to meet an Algerian proposal, OPEC’s monthly report found. OPEC said in its monthly market Continue Reading
Permian oil rig Just as oil prices really started to pick up steam, the IEA had to spoil the party. The Paris-based energy agency said on Tuesday that the oil Continue Reading
