OPEC


All posts for OPEC

Rystad Energy: All Eyes on Vienna

The OPEC + countries must cut 2019 supply growth by 1.5 million bpd if they want oil prices back above $70 next year. US production at $50 WTI levels would remove only 0.4 million bpd of the looming 1.5 million bpd surplus in the balances that Rystad Energy forecasts for 2019 in a status quo scena ...

OilVoice Press - OilVoice


Posted 9 days agoOpinion > Rystad EnergyOPECVienna +2

The Saudi Dilemma: To Cut Or Not To Cut

By Irina Slav for Oilprice.com To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year's December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels d ...

Oilprice Staff


Posted 11 days agoOpinion > oilpriceKingdom of Saudi ArabiaSaudi Arabia +4

FACTBOX: Qatar exits OPEC to focus on LNG- S&P Global Platts

London (Platts)--03Dec2018/859 am EST/1359 GMT      Qatar's decision to become the first Middle East member country to leave OPEC and focus on its core strength of gas exports has stunned the cartel. Qatar's energy minister Saad Al-Kaabi said Monday that the gas-rich sheikhdom will exit the oil pr ...

OilVoice Press - OilVoice


Posted 11 days agoOpinion > QATAROPECLNG +5

Angola Oil & Gas 2019

Africa Oil & Power is proud to announce that it will organize the first Angola Oil & Gas 2019 conference, to be hosted  June 3-7, 2019 in Luanda . Officially endorsed by the  Ministry of Mineral Resources and Petroleum of the Republic of Angola , the conference will be the elite energy event for ...

Aydanur Akkurt - Africa Oil & Power


    03 Jun 2019


Posted 13 days agoEvent > AngolaLuandaExhibition & Conference +4

African Oil Producers Must Support Organization of the Petroleum Exporting Countries (OPEC) efforts to Restore Stability to the Oil Markets with Continued Production Cuts

The Chamber urges African producing nations, both those that are Organization of the Petroleum Exporting Countries (OPEC) members and Non-OPEC members to speak up with one voice in support of OPEC's policy on stabilizing the market JOHANNESBURG, South Africa, November 30, 2018/ -- The ...

OilVoice Press - OilVoice


Posted 15 days agoPress > AfricaOilOPEC +1

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 17 days agoOpinion > Senator BingamanBingamanSanta Fe +71

Can We Expect A Major Rebound In Oil Prices?

By Nick Cunningham of Oilprice.com After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained s ...

Oilprice Staff


Posted 25 days agoOpinion > oil priceoilpriceWTI +2

Art Berman: Don't Believe The Hype - Oil Prices Aren't Going Back To $100

The breakout in Brent crude prices above $80 this week has prompted analysts at the sell side banks to start talking about a return to $100 a barrel oil . Even President Trump has gotten involved, demanding that OPEC ramp up production to send oil prices lower before they start to weigh on US co ...

Art Berman - The Petroleum Truth Report


Posted 2 months agoOpinion > Art BermanOil PrucePresident Trump +4

OPEC Net Oil Export Revenues Increased in 2017, Will Likely Continue to Increase in 2018

Source: U.S. Energy Information Administration, OPEC Revenues Fact Sheet Members of the Organization of the Petroleum Exporting Countries (OPEC) received about $567 billion in net oil export revenues in 2017, up 29% from revenues in 2016. Increases in both crude oil prices and in net OPEC ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > EIAEnergy Information Administration EIAOPEC +4

A Saudi-Iran Oil War Could Break Up OPEC

By Irina Slav for Oilprice.com When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowi ...

Oilprice Staff


Posted 3 months agoOpinion > Saudi ArabiaKingdom of Saudi ArabiaIran +4

Saudi Arabia And Iran Reignite The Oil Price War

By Tsvetana Paraskova for Oilprice.com The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanction ...

Oilprice Staff


Posted 4 months agoOpinion > oilpriceKingdom of Saudi ArabiaSaudi Arabia +9

3 Ways The Oil Industry Will Be Hit By the Iran Sanctions

Unilateral U.S. sanctions on Iran, which came into force this week, will hit the country hard, of that there can be no doubt. The sanctions affect trade in dollars, gold, steel and aluminium, and in November the restrictions will be extended to include Iran's oil trade . But what are the possible ...

Scott Johnson


Posted 4 months agoOpinion > Iraniran sanctionsSanctions +5

The Race to the World’s Largest Crude Producer

  According to the US Energy Department, US crude production hit 11 million barrels per day in early July. This was always seen as an inevitability, but the speed at which the mark has been achieved has been astonishing. It was only eight months ago in November 2017 that the US production reache ...

Easwaran Kanason


Posted 4 months agoOpinion > Crude Oil PriceDemandsupply +5

An African Perspective: No Good Will Come From NOPEC

Opinion: NJ Ayuk, CEO of Centurion Law Group -- Throughout the years I spent as an undergraduate and law school student in the U.S., one of the things I truly admired was American ingenuity. I loved following news stories about U.S. startups that scraped together enough money to go overseas, explo ...

OilVoice Press - OilVoice


Posted 4 months agoOpinion > NOPECOPECProduction +1

Supply-side Shock Ahead in November?

  The US has just rebuffed high-level pleas from the European Union to grant exemptions to European companies operating in and with Iran, underlining America's hardline stance in implementing its renewed sanctions on Iran. The goal is, according to Treasury Secretary Steven Mnuchin, is to reduce ...

Easwaran Kanason


Posted 4 months agoOpinion > IranUSSanctions +4