OPEC


All posts for OPEC

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 7 days 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 1 month 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 1 month 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 1 month 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 1 month 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 2 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 2 months agoOpinion > IranUSSanctions +4

Analysis: What's Next for Oil and Gas Prices After Putin-Trump Summit? by Dr. Daniel Fine

(Photo: Pablo Martinez Monsivais,/AP) The opposition in Congress wants to see a transcript of what President Donald Trump and Russian President Vladimir Putin talked about for two hours alone. No doubt some of that time was spent discussing OPEC and the price of oil. This is abov ...

Will Fine


Posted 2 months agoOpinion > Donald TrumpPresident of the USAPresident +56

The New Oil Cartel Threatening OPEC

By Irina Slav for Oilprice.com 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 ri ...

Oilprice Staff


Posted 2 months agoOpinion > oilpriceOPECIndia +2

The Saudis Won't Prevent The Next Oil Shock

By Nick Cunningham of Oilprice.com Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a ...

Oilprice Staff


Posted 2 months agoOpinion > oilpriceOilSaudi Arabia +3

The Republic of the Congo Joins Global Producers as Newest OPEC Member

Vienna, June 22, 2018 —  The Ministry of Hydrocarbons for the Republic of the Congo has announced that the country has become the fifteenth member of the Organization for Petroleum Exporting Countries (OPEC). The country's membership was concluded during the 174th Ordinary Meeting of OPEC. Members ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoPress > Republic of CongoOPECOil producers +3

Hon. Jeff Radebe meets OPEC Secretary General H.E. Mohammed Sanusi Barkindo

Vienna, June 20, 2018 —  Hon. Jeff Radebe, Minister of Energy of South Africa, met yesterday with the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), H.E. Mohammed Sanusi Barkindo, pledging the Republic of South Africa's support for OPEC and non-OPEC member states ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoPress > Mohammed Sanusi BarkindoJeff RadebeOPEC +1

Dr. Daniel Fine: Oil – Before and After the November Election

The Trump Administration is moving towards less royalty rates on Federal land leases, less Bureau of Land Management discretion on Environmental Protection Act obstruction on the Application for Petroleum Drilling process, less coal and nuclear power generation decline, and less oil supply confiden ...

Will Fine


Posted 2 months agoOpinion > Ryan zinkeDonald TrumpPresident Trump +66

OPEC Takes Small Step... or Maybe Not

OPEC has agreed to rollback overcompliance with the original production deal of November 2016. This appears to mean an increase among the voluntary over-complying countries of 450,000 b/d with the bulk coming from Saudi Arabia, Kuwait, and the UAE. However, the communique could also be interpreted ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > ESAI EnergyOPECSaudi Arabia +8

OPEC Pledges to Raise Production to Satisfy 100% of Target Cuts, Says GlobalData

Following today's announcement that participants at the 174th Meeting of the OPEC Conference in Vienna have collectively agreed to increase production to 100% of targeted cuts, Joseph Gatdula, Senior Analyst for Oil & Gas at GlobalData , a leading data and analytics company offers his view on w ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > OPECProductionOil +2