The OPEC+ group saw its overall compliance with the collective oil production cuts at 115 percent in September, a delegate told Argus on Monday, down from the 116-percent compliance in Continue Reading
OPEC+ compliance with oil cuts fell slightly to 115% in September, sources said, indicating that as the alliance raises production targets, some members are still falling short as they face Continue Reading
The OPEC Monthly Oil Market Report for October 2021 was published this past week. The last month reported in each of the charts that follow is September 2021 and output Continue Reading
Only 5 producers in the OPEC+ alliance are able to significantly boost output in the short term Africa’s oil giants Nigeria and Angola are the hardest hit, with the pair Continue Reading
The energy crisis that has pushed the prices of fossil fuels to highs not seen in years is threatening the global recovery from the coronavirus pandemic, the International Energy Agency Continue Reading
Global oil stockpiles will continue to drain for the rest of the year, but things could look very different in 2022, with supply set to exceed demand if the OPEC+ Continue Reading
Permian oil production could reach pre-pandemic levels soon Control over the market’s marginal oil supply and oil prices is firmly in the hands of OPEC+ Overall, America’s production growth next Continue Reading
A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world’s recovery from the COVID-19 Continue Reading
A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world’s recovery from the COVID-19 Continue Reading
Highlights Energy crisis, gas-to-oil switching could boost oil demand by 500,000 b/d IEA revises up oil demand growth to 5.5 mil b/d in 2021, 3.3 mil b/d in 2022 Q4 Continue Reading
