OPEC
In its December report, the International Energy Agency forecasts that the recently announced OPEC+ production cuts will not be enough to reduce supplies. Based on futures trading, oil markets appear...
2 years ago
Last Updated: 2 years ago
OPEC and its partners have agreed to cut an additional 500,000 barrels a day of crude oil production during the first quarter of 2020. The reduction is not likely to make much difference to oil...
2 years ago
Last Updated: 2 years ago
OPEC is expected to announce that the cartel will slash an additional 500,000 barrels a day from production, lowering daily global crude oil supply by 1.7 million barrels a day.
2 years ago
Last Updated: 2 years ago
The semi-annual meeting of OPEC oil ministers begins Thursday in Vienna. The cartel is wrestling a number of issues that are competing for attention as it tries to determine the best path forward to...
2 years ago
Last Updated: 2 years ago
In its monthly Oil Market Report issued Thursday, OPEC noted a drop of nearly 4% month over month in its reference crude oil price but doggedly held on to estimates that it revised lower just last...
2 years ago
Last Updated: 2 years ago
OPEC on Tuesday released its World Oil Outlook to 2040. The cartel sees demand for renewables rising faster than demand for oil, but expects fossil fuels to continue to account for more than half of...
2 years ago
Last Updated: 2 years ago
In its monthly report on the oil market, OPEC slightly reduced both its projections for supply and demand growth in 2019.
2 years ago
Last Updated: 2 years ago
The drone attack on Saudi Arabia's Abqaiq facility has pushed share prices of U.S. oil and gas companies up sharply. The gains are unlikely to last
2 years ago
Last Updated: 2 years ago
OPEC crude oil sold for a sharply lower price in August and the cartel has now revised downward most of its projections for growth in both 2019 and 2020.
2 years ago
Last Updated: 2 years ago
Over the weekend, Saudi King Salman bin Abdulaziz appointed a new oil minister who will join with a new leader of the country's national oil company in an effort to lift oil prices by at least $15 a...
2 years ago
Last Updated: 2 years ago
The OPEC Monthly Oil Market Report for August was released today. It didn't make much noise when it landed.
2 years ago
Last Updated: 2 years ago
Although demand from crude oil is expected to rise over the next several quarters, the size of the increase is shrinking. And OPEC is not going to be able to turn that situation around by reducing...
2 years ago
Last Updated: 2 years ago
The OPEC ministers meeting in Vienna dutifully rubber-stamped an agreement made last week at the G-20 meeting in Osaka between Russia and Saudi Arabia.
2 years ago
Last Updated: 2 years ago
The OPEC ministers semi-annual meeting begins Tuesday, but the outcome was announced last Saturday in Japan.
2 years ago
Last Updated: 2 years ago
Oil has long been a key barometer for a real-time reading on the global economic picture. There may be a move to clean energy and renewables, but oil still dominates the energy world.
3 years ago
Last Updated: 2 years ago