OPEC


All posts for OPEC

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

H.E. Gabriel Mbaga Obiang Lima meets OPEC Secretary General H.E. Mohammed Sanusi Barkindo

Vienna, June 19, 2018 —   H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, today met with the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), H.E. Mohammed Sanusi Barkindo, pledging his continued support to the Declaration of ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 year agoPress > Gabriel Mbaga Obiang LimaMohammed Sanusi BarkindoOPEC +3

Counting Down to Vienna

  Almost everyone seems to agree that US$80/b – at least in this current environment – is not conducive for the oil business. While oil producing countries are reaping benefits right now, they are also worried that prices sustaining at this level will cause demand destruction in key markets like ...

Easwaran Kanason


Posted 1 year agoOpinion > oil priceViennaDemand +7

Can Saudi Arabia Prevent The Next Oil Shock?

By Cyril Widdershoven for Oilprice.com The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump's Twitter diplomacy, perceiv ...

Oilprice Staff


Posted 1 year agoOpinion > oilpriceSaudi ArabiaOil +5

Africa Oil & Power 2018 features OPEC, IEF Secretary Generals

Features Secretary Generals  E. Mohammed Sanusi Barkindo of OPEC, Dr Sun Xiansheng, of the IEF and H.E. Mahaman Laouan Gaya of the APPO E. Mohammed Sanusi Barkindo to receive “Africa Oil Man of the Year” award at Energy Coalitions dinner Event features ministers from South Africa, Equatori ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 year agoPress > cape townAfrica Oil & PowerOPEC +3

OPEC, A Friend Indeed

  The magic number seems to be 1 million barrels. At least, that is what has been requested by the US to Saudi Arabia and some other OPEC producers in an unofficial appeal. After President Donald Trump publicly complained on Twitter that ‘OPEC is at it again!!!' when US crude prices surged to th ...

Easwaran Kanason


Posted 1 year agoOpinion > Nrgedge articlenrgedgeOPEC +4

Emerging Market Meltdown Could Undermine Oil Rally

By Nick Cunningham of Oilprice.com Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn't necessarily mean higher oil prices are entirely out of the question, and in fact, the ...

Oilprice Staff


Posted 1 year agoOpinion > emerging marketsoilpriceOil +5

Fine: No Such Thing As 'Free Trade' With OPEC as a Cartel

Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendanc ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiaSaudi Arabiasaudi +68

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 leadership and guidance  H.E the Secretary General will provide keynote add ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 year agoPress > OPECAfrica Oil & Powercape town +5

The State of the Industry: Q1 2018

  The first quarter of 2018 has proven to be a continuation of an upswing that settled in over 2017, at least according to the financial results of the supermajors. Aggressive cost-cutting from the past paired with a consistent rise in crude prices over the first quarter has contributed to reven ...

Easwaran Kanason


Posted 1 year agoOpinion > Nrgedge articleOil and Gasoil industry +8