OPEC


All posts for OPEC

OPEC’s Last Push for Oil-Cuts Deal Shifts Focus to Iran, Russia

OPEC's final push to implement the Algiers supply accord and boost oil prices shifted focus to Iran and non-members such as Russia as Iraq appeared to reverse its opposition to output cuts. The extension of shuttle diplomacy -- including a visit to Tehran from an architect of the September agreem ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > OPECIranRussia

OPEC in Crisis Meeting to Limit Oil Production

An important meeting took place in Vienna on Monday as oil producers looked to try and make a rescue deal which would place limits on the production of oil in order to try and rebalance the oil market prices. OPEC, the group who are accountable for around a third of the World's oil met up with t ...

Ben Barlow


Posted 1 month agoOpinion > OPECProduction

Oil surges 10pc as OPEC agrees to cut production

The deal brokered at talks in Vienna was achieved after OPEC's largest producer Saudi Arabia gave ground and agreed that Iran — still recovering from trade sanctions — was a special case and would be exempted from the cuts. The deal will reduce output by 1.8MMbd from January 2017 and runs for 6 m ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > OPECoil priceSaudi Arabia +1

OPEC. Lessons on the Oil Pudding

The price of Brent has gone up and we can expect an increase concerning other commodities. At sight if this agreement sticks and shale oil in the US is not increased we can really see smiles on oil producing countries including Russia. OPEC has shown in the past that it can unravel markets, bicke ...

Hilton Hannibal - Oil Political Diligence


Posted 1 month agoOpinion > OPECoil priceAbu Dhabi National Oil Company ADNOC

Sharp Mountain Conferences in Seville

Sharp Mountain Conferences  ( SMC) announces that on the 24th - 27th April 2017  in Seville, Spain the oil and  gas  industry will be hosted  by SMC  

Hilton Hannibal - Oil Political Diligence


Posted 1 month agoPress > North American Energy PartnersOPEC

Oil prices continue rise as OPEC, Russia agree to cut production

Oil prices have continued their rise after oil producers cartel OPEC and Russia agreed to cut production at a meeting in Vienna yesterday. US stocks have rallied to record highs following the election of Donald Trump as the next US president on optimism about his plans for more infrastructure spe ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > OPECoil priceRussia

OPEC Cutbacks: The Case Against Any Major Impact

By John Richardson OPEC's decision to cut production could well turn out to have no significant impact on the direction of oil markets in 2017 and beyond. I believe that everything still points to weaker, rather than stronger, crude prices, barring a major geopolitical crisis. We are very like ...

John Richardson


Posted 1 month agoOpinion > OPECoil pricesDonald Trump

OPEC cuts; shale positioned to grow with offshore continuing to be the victim

With the announced OPEC cut of 1.2 million bbl/d yesterday, Rystad Energy expects that global liquid production to remain at current levels into next year. At the same time, demand is expected to grow by around 1.3 million bbl/d. This means that the large amount of stored oil will decline considerab ...

Julia Weiss


Posted 1 month agoOpinion > OPECShaleOffshore +2

Oilfield service companies exposed to shale are the winners of OPEC cuts; offshore suppliers will struggle

Rystad Energy analysis shows that as much as 15 billion USD in increased spending will flow into the non-OPEC shale market in 2017. This incremental change comes after the announced OPEC decision to cut production by 1.2 million bbl/d. Non-OPEC shale well services are best positioned with an estima ...

Julia Weiss


Posted 1 month agoPress > OPECOilfieldOffshore +3

Does an OPEC cut guarantee a full recovery?

At the end of last month the finishing touches were put on a deal struck by OPEC members in September that sees the organisation plan to reduce their output in an effort to support the price of oil. During the press conference in Vienna when the specifics of the agreement were confirmed by Mohammed ...

David Cheetham


Posted 1 month agoOpinion > xtb.comOPEC

Oil surges after output cuts, strong dollar weighs

HONG KONG Oil prices jumped to their highest levels in a year and a half on Monday after OPEC and non-OPEC producers agreed to cut oil output to ease a global glut, while the U.S. dollar extended gains before a Federal Reserve meeting this week, at which a rate hike is widely expected. "We have s ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > oil priceOPECBrent Crude

Oil hits highest since mid-2015 as OPEC and rivals agree historic deal

LONDON Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.Brent crude futures were up $2.38 at $56.72 per barrel by 1002 GMT, having hit ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > OPECoil price

There is a monster waiting for OPEC - and it's not shale

So, OPEC has finally shown that they mean business and decided that they would reduce oil supply in order to prop up prices. I don't want to belabor the futility of this gesture as I believe that no reduction any OPEC member would willingly abide by could change the fundamental oversupply situation ...

Rudolf Huber - Methanist


Posted 1 month agoOpinion > OPECshale oil

A tough year for service companies, but OPEC cuts help the shale exposed

2016 has been a tougher year for most service companies than 2015, and revenues have continued to fall as much as 27% when compared to 2015 on average. Companies exposed to onshore North American activity have seen their revenues diminish even more. While 2015 was the year that service companies ...

Julia Weiss


Posted 1 month agoOpinion > Rystad EnergyOPEC

What could $65/b WTI mean for oil production in the Permian?

Clearly, the alleged deal between OPEC members and other cooperative nations has generated a fair amount of optimism among market participants. However, given so many unknowns and the near term mentality of the agreement, what the future may hold with respect to production and prices is, to say the ...

OilVoice Press


Posted 1 month agoOpinion > oil priceOPECPermian

Exclusive: Cost of pump-at-will oil policy spurred Saudi OPEC U-turn

Sources say the kingdom may have stretched its current limits by extracting a record of around 10.7 million bpd this year, which could be one reason why Riyadh pushed so hard for a global deal to cut production.Riyadh, the world's top oil exporter, felt the burn of cheap oil this year when crude w ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > OPECoil priceSaudi Arabia

The Fate of OPEC Deal: What's Coming Next

OPEC - NON OPEC Deal has certainly helped oil to enter bullish trend once again. But I have reasons to believe that oil is going to slip towards bearish market sooner than being anticipated. Crude oil prices rose above $56/bbl for the first time in 2016 after OPEC and Non-OPEC reached an agreement o ...

Fayaz Ahmed


Posted 1 month agoOpinion > oil priceOPECUSA

Despite OPEC Production Cut, Another Year Of Low Oil Prices Is Likely

An OPEC production cut offers oil producers hope for higher prices in 2017. But there is a dark cloud hanging over that expectation. Global storage inventories must be substantially reduced before higher oil prices can be sustained. Some of U.S. tight oil has nowhere to go but into storage because ...

Art Berman - The Petroleum Truth Report


Posted 13 days agoOpinion > Art BermanOPEC