OPEC


All posts for OPEC

Geopolitics Is Rearing Its Head Again In Oil

Brent and WTI prices are now at their highest levels in two years. With Brent almost touching US$65/b and WTI within shot of US$60/b, this is cheer for the market, where most participants had resigned themselves to a prolonged period of US$50/b oil. There are several factors propelling this rise. OP ...

Easwaran Kanason


Posted 7 days agoOpinion > WTIOPECBrent +5

The 5 Countries That Could Push Oil Prices Up

By Nick Cunningham for Oilprice.com 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. Geopo ...

Oilprice Staff


Posted 28 days agoOpinion > oil priceIraqIran +4

September Unplanned Global Oil Supply Disruptions Fall to Lowest level Since January 2012

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , October 2017 Note: OPEC disruptions include crude oil only; non-OPEC disruptions include crude oil and other liquid fuels. Unplanned global supply disruptions fell to 1.6 million barrels per day (b/d) in September ...

OilVoice Press - OilVoice


Posted 30 days agoOpinion > OPECEIAEnergy Information Administration EIA +6

Art on MacroVoices: Comparative Inventory Draws Spell Higher Oil Prices

Erik Townsend welcomes Art Berman to MacroVoices . Erik and Art discuss: Comparative inventory levels on oil; Oil price responsive to inventories; Realization price recovery in crude prices takes time; Refinery intakes have not recovered; Where are average consumption levels; Outlook on gaso ...

Art Berman - The Petroleum Truth Report


Posted 1 month agoOpinion > oil priceRealisation recoveryCrude +6

US Crude Gains More Market Share in Asia

The spread between the world's two benchmark crude oil markers – Brent and WTI – is currently hovering at US$6/b. This is the widest gap between the two for a long while, first breaching the tight US$2/b spread range since 2015 in the run up to Hurricane Harvey as traders fretted that widespread ref ...

Easwaran Kanason


Posted 1 month agoOpinion > OPECOil & GasEnergy +4

Oil price, Independent Oil & Gas, Tullow, President Energy And finally…

  Oil price Another up day for crude yesterday, Opec kicked of the monthly reports session by increasing demand forecasts for next year by an albeit modest 200/- b/d. The EIA STEO is out this morning and at first glance is uncontentious. Crude drifted late in the day and when the API inventory ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Independent Oil & GasTullowPresident Energy +2

The "Amazon Effect" Is Coming To Oil Markets

By Irina Slav for Oilprice.com While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field. Much talk has revolved around how software can completely transform the energy indust ...

Oilprice Staff


Posted 1 month agoOpinion > OPECM&ABig Oil

OPEC Pumped 32.66 Million b/d In September, pP 10,000 b/d From August: S&P Global Platts Survey

       * Venezuelan output slumps to 1.86 mil b/d      * Libyan output recovery still volatile, production up 80,000 b/d      * Saudi output 10 mil b/d; Iraq 4.50 mil b/d; Iran 3.83 mil b/d      * OPEC compliance from Jan-Sep 106%                                  OPEC oil output in Sep ...

OilVoice Press - OilVoice


Posted 1 month agoPress > OPECS&P Global PlattsVenezuela +1

McKinsey Energy Insights Expects Delay in Full Oil Price Recovery Until Late 2020

McKinsey Energy Insights (MEI) , the data and analytics specialist that provides distinctive insight and support to the global energy industry, has released its latest Global Oil Supply and Demand Outlook , in which the company projects that global oil prices will remain in the USD50/bbl-U ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > MEIoil pricesupply +4

Dr. Daniel Fine: Hurricanes, strategic implications, royalties and prices

Hurricane Harvey last month shut down more than 3 million barrels of oil refinery output or nearly 17 percent of the nation's capacity. Refinery capacity in the Gulf Coast was down over 30 percent on Aug. 30. Whatever caused this hurricane, there is now a risk of future size and scale to be reckoned ...

Will Fine


Posted 1 month agoOpinion > Hurricane HarveyStrategic Oil & Gasoil royalties +36

OPEC vs Nigeria: Lose-lose situation?

Last week, Nigerian oil minister Emmanuel Ibe Kachikwu indicated that Nigeria would not join OPEC oil cuts until March 2018 at the very earliest, citing a lack of stability in the nation's oil output. OPEC agreed in May this year to extend output cuts into 2018, though Libya and Nigeria were exemp ...

Bayo Okoya - Delta Analytics Lagos


Posted 2 months agoOpinion > OPECNigeriaProduction +2

Oil price, President Energy, Hurricane Energy, Providence Resources, Frontera Resources And finally…

  Oil Price A good day yesterday as the market was positive ahead of the Opec/non Opec meeting at which an extension of the deal looks likely. The EIA inventory stats showed a build of 4.6m barrels but although that was slightly ahead of forecasts given the hurricane damage is still pretty ir ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 months agoOpinion > Malcy's Blogoil pricePresident Energy +4

In The Oil Patch – Dr. Daniel Fine (ep. 123)

In The Oil Patch – Episode 123: host Kym Bolado and her cohost Alvin Bailey welcome Dr. Daniel Fine onto the show! Dr. Fine is with the New Mexico Center for Energy Policy and he does not hold back any of his thoughts in this episode. This is definitely a must-listen show!

Will Fine


Posted 2 months agoLink > OPECKingdom of Saudi ArabiaSaudi Arabia +39

Producers employ tech innovations to keep lid on costs

ALBUQUERQUE, N.M. — Devon Energy Corp. manages all its oil operations in southeast New Mexico directly from a command-control center on the 44th floor of its Oklahoma City headquarters. Technology like WellCon, combined with a broad array of other high-tech innovations directly in the oil fields, ...

Will Fine


Posted 2 months agoLink > Dr. Daniel FineNew MexicoTechnology +25

Breathing easier in NM's oil patch

“Before, we weren't even making enough money for that … Some of the large companies are ramping up spending, but for smaller guys like me, it's still a struggle, because we need higher prices in the mid-$60 (per barrel) range for new work-overs to expand production.” That, in turn, pushed the sta ...

Will Fine


Posted 2 months agoLink > Dr. Daniel FineNew MexicoPermian +21