OPEC


All posts for OPEC

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 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year agoOpinion > OPECProductionOil +2

OPEC Secretary General to be Honored as “Africa Oil Man of the Year” at AOP2018

  OPEC Secretary General to be Honored as “Africa Oil Man of the Year” Africa Oil & Power will present H.E. Mohammed Barkindo, Secretary General of OPEC, with highest honors at annual Cape Town conference OPEC Secretary General has restored global oil market stability through his strong leadersh ...

Meghan Pietersen


Posted 1 year agoPress > AfricaOilAfrica Oil & Power +6

S&P Global Platts FACTBOX: OPEC Oil Output Negotiations Tense as Seminar Starts in Vienna

OPEC talks over the future of its production cut agreement are on a knife edge, as ministers gather in Vienna ahead of Friday's critical meeting. The producer bloc hosts a two-day seminar starting today, a conference featuring ministers and CEOs of major oil companies, including BP, Total, Eni, Sa ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > S&P Global PlattsOPECOil +7

S&P Global FACTBOX: Physical Oil Markets in Flux Ahead of Key OPEC/Non-OPEC Meeting

  Changing output policy will increase supply of sour crudes Huge imbalance between sweet, sour crudes Growing glut of sweet crudes in Atlantic Basin The oil market currently bears a very different look compared to January 2017 when the 1.8 million b/d OPEC/non-OPEC output cuts were fir ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > S&P Global PlattsOilOPEC +3

H.E. Jean-Marc Thystère-Tchicaya meets OPEC Secretary General

Vienna, June 19, 2018 —  H.E. Jean-Marc Thystère-Tchicaya, Minister of Hydrocarbons of the Republic of the Congo, met today with Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), H.E. Mohammed Sanusi Barkindo. During this meeting, the Minister of Hydrocarbons expres ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 year agoPress > Mohammed Sanusi BarkindoRepublic of the CongoOpec Seminar +2