OPEC


All posts for OPEC

S&P Global Platts OPEC Survey for January 2018

  OPEC production well below ceiling of 32.73 million b/d Saudi output 9.99 mil b/d, Iraq 4.41 mil b/d, Iran 3.83 mil b/d Libya, Nigeria combine for 2.91 mil b/d, above 2.80 mil b/d cap Venezuela output falls for sixth straight month to 1.64 mil b/d OPEC's crude production averaged 3 ...

OilVoice Press - OilVoice


Posted 10 days agoOpinion > S&P Global PlattsOPECSurvey +6

OPEC’s Oil Production Freeze and Tanker Day Rates

A rule of thumb in the shipping industry is that high oil prices are bad for shipping earnings, and low oil prices are good for shipping earnings. With Brent crude prices at US$70/b now, the shipping industry's rates and earnings are now starting to sputter again, after recovering barely 3 years ago ...

Easwaran Kanason


Posted 1 month agoOpinion > Oil TankersOPECShipping +2

Oil Price, Wentworth Resources, Egdon/Union Jack/EOG And Finally…

WTI $63.97 +24c, Brent $69.38 +23c, Diff -$5.41 -1c, NG $3.23 +10c Oil Price Oil rallied a touch yesterday after the previous day's technical drop ahead of the weekend meeting of Opec and Russia in Muscat. After the close the API stats were very positive with crude stocks drawing by 5.12m bar ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > MalcysMalcy's Blogoil price +5

Energy Coalitions: The AOP 2018 Theme

Africa Oil & Power's theme for 2018 concentrates on the best way to drive Africa's energy sectors forward — through energy coalitions, from regional cooperation at the government level and private companies coordinating on development and financing deals to how the private and public sectors can co ...

Aydanur Akkurt - Africa Oil & Power


   


Posted 1 month agoEvent > cape townAfricaOil +6

OPEC’s oil production freeze and tanker day rates

A rule of thumb in the shipping industry is that high oil prices are bad for shipping earnings, and low oil prices are good for shipping earnings. With Brent crude prices at US$70/b now, the shipping industry's rates and earnings are now starting to sputter again, after recovering barely 3 years ago ...

Easwaran Kanason


Posted 1 month agoOpinion > Oil TankersOPECShipping +2

OPEC December Crude Output 32.40 MIL B/D, UP 50,000 B/D From November: S&P Global Platts Survey

January 8, 2018 — By Herman Wang , Eklavya Gupte   12 members with quotas achieve 135% compliance in December Saudi Arabia output 9.90 mil b/d, Iraq 4.41 mil b/d, Iran 3.82 mil b/d Libya, Nigeria combine for 2.88 mil b/d, above cap of 2.80 mil b/d OPEC output well below ceiling ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > OPECCrudeS&P Global Platts +3

Energy Dominance Needs NAFTA

Opportunities abound for negotiating a better NAFTA. As the Trump Administration pushes for modernization, one commonsense policy area that should be preserved and improved is energy. Tuesday, January 16, 2018 12:00 pm - 1:00 pm Live Streamed Add to Calendar + The Heritage Foundation Lehrman Audito ...

Will Fine


    US 16 Jan 2018


Posted 1 month agoEvent > NAFTAMexicoNew Mexico +30

Will 2018 see an oil race between the U.S. and Russia?

Things are looking up in the global oil market. The market is rebalancing and oil prices are rising. Pushed up by protests in Iran, supply cuts by OPEC and Russia, and the return to full operations of the Forties pipeline system in the North Sea, oil prices posted their strongest opening to a year s ...

Scott Johnson


Posted 1 month agoOpinion > Oiloil priceOPEC +2

Dr. Daniel Fine: Oil and Gas: A Look at What 2018 May Bring

Trump leads mass deregulation effort; comeback seen for San Juan Basin by Dr. Daniel Fine The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia “cheating” or members producing more oil than the extended Algiers Agreement output quotas. This shou ...

Will Fine


Posted 1 month agoOpinion > Donald TrumpPresident TrumpTrump +68

The 2018 NrgEdge Oil & Gas Industry Outlook

Part 1 Two things are certain in 2018 in the oil markets. In June, OPEC will convene in Vienna where it will announce that the global oil markets are almost in balance, outlining an exit strategy where the 14 country block and the Russia-led NOPEC block will eliminate strict targets but agree to ...

Easwaran Kanason


Posted 1 month agoOpinion > oil priceDemandsupply +5

Oil Prices Set to Fall in January – But Could 2018 See a Major Collapse?

There have been four major modern oil price collapses: 1986, 1998, 2008, and the most recent in 2014. Most market watchers agree that prices will fall in January 2018, but could we be on the cusp of another collapse? To spot the signs we need to go back to June 2014. Between 2000 and 2008 , oil p ...

Scott Johnson


Posted 2 months agoOpinion > Oil Price predictionscollapseUS Shale +7

The One Indicator OPEC Must Watch

By Nick Cunningham of Oilprice.com “We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended months of speculation last week when it decided to extend its production cuts through th ...

Oilprice Staff


Posted 2 months agoOpinion > OPECoilpriceSaudi Arabia +1

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Fell 4.1 Million Barrels

NEW YORK (December 4, 2017) – Increased U.S. refinery utilization following autumn maintenance likely drew crude barrels out of storage and pushed product inventories higher last week, consistent with seasonal norms for this time of year, according to an S&P Global Platts preview of this week's pen ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > EIAEnergy Information Administration EIAS&P Global Platts +5

OPEC Puts Icing on the Cake

As expected, OPEC and its non-OPEC partners have extended their production agreement through 2018 and even assigned “soft targets” to include Nigeria and Libya. Saudi Arabia's Energy Minister, Khalid Al Falih made it clear in his opening remarks that the goal of the year-old deal had not been ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > OPECNon-OPEC ProductionNigeria +3

Comments on OPEC Announcement - S&P Global Platts Analytics

“In agreeing to extend current production quotas OPEC and non-OPEC nations are managing a fine balance which is likely to maintain prices at current levels in the near term.  Normalised stocks are lower than generally thought because of new infrastructure builds, stronger demand and higher exports ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > OPECS&P Global PlattsNon-OPEC