OPEC Guide
* Iraq output jumps to 4.4 mil b/d on Kirkuk exports * Saudi production falls 110,000 b/d * Recovery in Nigeria and Libya adds to OPEC share OPEC crude output Continue Reading
OPEC officials set for flurry of meetings to nail down Algeria deal
The OPEC and Algeria flags are pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. OPEC Continue Reading
Gunvor Doesn’t Expect OPEC to Meet Supply-Cut Targets in Vienna
Oil trader is bearish on crude oil prices in short term Iran, Iraq won’t cut production, Gunvor head of research says Gunvor Group Ltd., one of the four largest independent Continue Reading
OPEC could cut output more in Nov if needed: Algeria
A person carrying an umbrella walks by the Ogranization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria October 4, 2016. OPEC could cut production at its late November Continue Reading
OPEC Crude Accounts For Most Of U.S. Oil Imports Rise
Reversing a five-year-long decline trend, U.S. gross crude imports rose by 7 percent, or by 528,000 barrels per day, in the first half of this year compared to the same Continue Reading
The OPEC Deal Represents A Permanent Shift In Oil Markets
Market enthusiasm around the OPEC deal has vacillated significantly over the last week, alternating between optimism and pessimism. A healthy segment of investors view the current agreement with skepticism given Continue Reading
OPEC could cut output more in Nov if needed: Algeria
OPEC could cut production at its late November meeting in Vienna by another one percent more than the amount agreed in Algiers last month, if producers reckon it is needed, Continue Reading
OPEC, non-OPEC producers plan informal meet in Istanbul to discuss Algiers deal: Algeria
OPEC and non-OPEC oil producers plan an informal meeting in Istanbul Oct. 8-13 to discuss how to implement a production deal OPEC members reached in Algiers last month, Algerian Energy Continue Reading
OPEC Crude Output Rises to Record as Nigeria, Libya Boost Supply
Two members exempt from Algiers deal add 190,000 barrels a day Overall output gains even as Saudi Arabia cuts supplies OPEC crude production rose to a record in September, according Continue Reading
IMF Cuts 2017 GDP Growth Outlook for Africa’s Largest Economies
Low commodity prices, weak confidence drag down growth Nigeria’s economy forecast to contract 1.7% this year The International Monetary Fund has cut its 2017 economic growth forecasts for Africa’s two Continue Reading