Tag Archive

OPEC Cuts May End Earlier Than Planned

OPEC Cuts May End Earlier Than Planned

December 13, 2017 No Comments

To keep the air of mystery, or whatever remains of it after the November 30 Vienna Club meeting, Kuwait’s Oil Minister Issam al Marzouq yesterday said the cuts may end before the end of 2018. “We still have a full year left in the agreement, but there is a possibility that we exit the cuts […]

Iran-Iraq Oil Swap Deal To Run For a Year

Iran-Iraq Oil Swap Deal To Run For a Year

December 12, 2017 No Comments

Iraqi Oil Minister Jabar al-Luaibi said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year and subject to renewal. The agreement signed on Friday by the two OPEC countries provides for Iran […]

One Indicator OPEC Must Watch

One Indicator OPEC Must Watch

December 7, 2017 No Comments

“We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended months of speculation last week when it decided to extend its production cuts through the end of 2018, easing concerns that the limits would be […]

Forget OPEC, Putin Is Calling The Shots In Global Oil

Forget OPEC, Putin Is Calling The Shots In Global Oil

November 30, 2017 No Comments

Do you remember who first said anything about extending the oil production cut deal until the end of next year? It wasn’t Saudi Arabia or any other Gulf producer. It wasn’t even Venezuela. It was Russia, and more specifically President Putin, who suggested such an extension during Saudi King Salman’s visit to Russia in October. […]

OPEC Concedes That U.S. Shale Won’t Die

OPEC Concedes That U.S. Shale Won’t Die

November 13, 2017 No Comments

OPEC just significantly overhauled its expectations for North American shale, projecting strong supply growth through the early 2020s. The revision came as part of OPEC’s World Oil Outlook (WOO), and it represents an acknowledgment from the cartel that it has failed to kill off U.S. shale by flooding the market. There was still some hope […]

Different Oil Prices in the World

Different Oil Prices in the World

November 13, 2017 No Comments

Oilprice have just finished an 18-month project to bring all of the different oil prices in the world out into the public domain and for free to bring more transparency to markets. This product has never been available to the public and was quite expensive access in the past. Source / More:oilprice.com/oil-price-charts Most people don’t […]

The 5 Countries That Could Push Oil Prices Up

The 5 Countries That Could Push Oil Prices Up

October 25, 2017 No Comments

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. Geopolitical tension has been largely irrelevant since the collapse […]

OPEC’s World Oil Outlook launches 7th November, 2017

OPEC’s World Oil Outlook launches 7th November, 2017

October 2, 2017 No Comments

The 2017 OPEC World Oil Outlook (WOO) will be presented at a press conference to be held at the OPEC Secretariat on Tuesday, 7 November 2017 at 14:30 CET. OPEC’s Secretary General, HE Mohammad Sanusi Barkindo, and senior members of management will present the key messages from the publication, which provides an in-depth review and […]

Iran Says Result of OPEC Decisions Evident in Oil Market

Iran Says Result of OPEC Decisions Evident in Oil Market

September 25, 2017 No Comments

Iranian Minister of Petroleum Bijan Zangeneh says the outcome of the decisions made by OPEC members has become evident in the global oil market. Speaking to reporters in Tehran on Sunday, the official described the level of compliance of members of the Organization of the Petroleum Exporting Countries (OPEC) to the body’s output cut plan […]

ENERGY HEADLINES THIS WEEK

ENERGY HEADLINES THIS WEEK

September 22, 2017 No Comments

The price of OPEC basket of fourteen crudes stood at $54.59 a barrel on Thursday, 21 September 2017, compared with $54.06 the previous day, according to OPEC Secretariat calculations. —————- Abu Dhabi targets IPOs worth $5 bln ahead of Saudi Aramco Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings […]

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