Tag Archive

New Oil Cartel Threatening OPEC

New Oil Cartel Threatening OPEC

July 5, 2018 No Comments

When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying. “The timing is right. The boom in U.S. oil and gas […]

ENERGY HEADLINES W/E 24/06/18

ENERGY HEADLINES W/E 24/06/18

June 25, 2018 No Comments

The price of OPEC basket of fourteen crudes stood at $71.89 a barrel on Friday, 22 June 2018 compared with $70.96 the previous day, according to OPEC Secretariat calculations. The 4th OPEC and non-OPEC Ministerial Meeting was held in Vienna, Austria, on Saturday, 23 June 2018, under the Co-Chairmanship of OPEC’s President, HE Suhail Mohamed […]

Can Saudi Arabia Prevent The Next Oil Shock?

Can Saudi Arabia Prevent The Next Oil Shock?

June 15, 2018 No Comments

The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump’s Twitter diplomacy, perceived Russian willingness to open up the taps and pressure from Asian consumers) Saudi […]

Emerging Market Meltdown Could Undermine Oil Rally

Emerging Market Meltdown Could Undermine Oil Rally

May 31, 2018 No Comments

Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn’t necessarily mean higher oil prices are entirely out of the question, and in fact, the oil market is still faced with a ton of uncertainty. Higher […]

Does Oil Prices really have to be high?

Does Oil Prices really have to be high?

May 22, 2018 No Comments

The benefits of Oil prices rises to corporate entities and oil producing countries seem to undermine the devastating effects on other economies. We have been consistently told that high oil prices promotes technological advances and further exploration for the oil companies as they are able to spend more on on research and development. The recent […]

Kyari, Appointed Nigeria’s OPEC National Representative

Kyari, Appointed Nigeria’s OPEC National Representative

May 14, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has announced the appointment of Mallam Mele Kyari, incumbent Group General Manager in charge of its Crude Oil Marketing Division, as Nigeria’s National Representative to the Organization of the Petroleum Exporting Countries (OPEC). The NNPC in a statement by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, […]

Oil Price Today , 9 May 2018

Oil Price Today , 9 May 2018

May 9, 2018 No Comments

The price of OPEC basket of fourteen crudes stood at $72.12 a barrel on Tuesday, 8 May 2018, compared with $72.45 the previous day, according to OPEC Secretariat calculations. Brent crude futures settled 1.7 percent lower at $74.85 a barrel U.S. West Texas Intermediate (WTI) crude futures ended the session 2.4 percent lower at $69.06 […]

As Iran And Saudi Arabia Square Off, Is OPEC Deal In Jeopardy?

As Iran And Saudi Arabia Square Off, Is OPEC Deal In Jeopardy?

March 14, 2018 No Comments

Iran and Saudi Arabia are at odds over what to do next with the OPEC agreement, a conflict that could sow the seeds of the agreement’s demise over the course of the next year. As the WSJ notes, the dispute centers around exactly what price the cartel should be targeting. Iran’s oil minister has said […]

OPEC Secretary General to Visit Nigeria

OPEC Secretary General to Visit Nigeria

February 19, 2018 No Comments

The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Dr. Mohammed Sanusi Barkindo, will be leading other global oil and gas industry leaders to participate in the Nigeria International Petroleum Summit (NIPS). This was disclosed by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, at a world press conference in […]

Tags: ,
Growth in US shale oil could soon force OPEC to take action, IEA says

Growth in US shale oil could soon force OPEC to take action, IEA says

February 14, 2018 No Comments

The relentless rise of U.S. shale growth could soon spark another dramatic change of policy from leading oil producers, according to the latest monthly report from the International Energy Agency (IEA). “U.S. producers are enjoying a second wave of growth so extraordinary that in 2018 their increase in liquids production could equal global demand growth,” […]

Page 1 of 2212345»1020...Last »