Why An OPEC Production Cap is Unlikely
North Sea Oil Global oil markets have become volatile once more as the Organization of Petroleum Exporting Countries (OPEC) announced on August 8 that they will hold informal talks during Continue Reading
OPEC deal a tough task, as oil output freeze expectations rise
OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC Continue Reading
OPEC Could Still Tip Next Year’s Oil Deficit Into Surplus: Chart
The re-balancing of oversupplied oil markets is on track as demand climbs and U.S. shale production falters, according to the International Energy Agency. The world will face a 560,000 barrel-a-day Continue Reading
OPEC points to 2017 oil surplus as Saudi output hits record
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, May 30, 2016. Top oil exporter Saudi Arabia boosted its oil Continue Reading
IEA sees oil markets slowly tightening after months of oversupply
A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. Oil markets will begin to tighten in the second half of 2016 Continue Reading
IEA Sees Oil Demand Easing as Economic Outlook Dims
The IEA said Thursday it expects global oil demand to grow by 1.2 million barrels… The International Energy Agency on Thursday trimmed its forecast for the rise in global oil Continue Reading
Oil Market Report for August
Crude oil prices eased to around $45 bbl in August as a global supply overhang weighed and demand growth weakened. Brent crude had threatened to break below $40 bbl at the end Continue Reading
OPEC points to 2017 oil surplus as Saudi output hits record
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, May 30, 2016. Top oil exporter Saudi Arabia boosted its oil Continue Reading
Oil Price Retreat Likely Temporary, But OPEC Weighing Its Options
Recent volatility in oil price based on technical issues, questionable announcements and is ultimately, no reason to panic, analysts say. Coming off a turbulent week in which oil prices dropped Continue Reading
OPEC bullish on oil demand in H2 2016, says current price slide ‘temporary’
OPEC on Monday sounded an optimistic tone about the oil market, saying that higher demand is expected in the third and fourth quarters. The comments, from Qatar energy minister Mohammed Continue Reading