OPEC


All posts for OPEC

Projects reaching FID in 2019

Cairn Energy and Woodside Energy's much anticipated SNE project is expected to reach FID in early 2019, with the companies submitting the Development and Exploitation Plan to the Ministry for approval in October 2018. Nigeria-based Seplat initially predicted reaching FID by the end of 2018 on the ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 year agoLink > OPECSenegalMauritania +3

Editor’s Top Picks from 2018

Here are some of the top interviews, news and articles from Africa Oil & Power's year of covering the continent's oil and power sectors. Africa is a home to giants — boasting some of the world's top oil and gas discoveries and a wealth of investment opportunities in power generation from oil and ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 year agoLink > NigeriaOPECNOPEC +2

Alternative Facts About OPEC & U.S. Shale From The Wall Street Journal

Posted in The Petroleum Truth Report on December 19, 2018 The Wall Street Journal's recent editorial “ How America Broke OPEC ” shows that even high-quality journalism is susceptible to the contagion of alternative facts. It is a propaganda piece about how the underdog U.S. oil industry miracul ...

Art Berman - The Petroleum Truth Report


Posted 1 year agoOpinion > OPECUnited StatesUSA +3

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 1 year agoOpinion > OPECNon-OPECNOPEC +91

OPEC+ Prevails, For Now

Its reasoning made logical sense – Qatar produces very little crude, so to have a say in a cartel focused on crude was not in its interests, which lie in LNG – but it hinted at deep-seated tensions in OPEC that could undermine Saudi Arabia's attempts to corral members. Split between 800,000 b/d f ...

Hui Shan


Posted 1 year agoLink > CrudeOil pricesBrent +7

Rystad Energy: All Eyes on Vienna

The OPEC + countries must cut 2019 supply growth by 1.5 million bpd if they want oil prices back above $70 next year. US production at $50 WTI levels would remove only 0.4 million bpd of the looming 1.5 million bpd surplus in the balances that Rystad Energy forecasts for 2019 in a status quo scena ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Rystad EnergyOPECVienna +2

The Saudi Dilemma: To Cut Or Not To Cut

By Irina Slav for Oilprice.com To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year's December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels d ...

Oilprice Staff


Posted 1 year agoOpinion > oilpriceKingdom of Saudi ArabiaSaudi Arabia +4

FACTBOX: Qatar exits OPEC to focus on LNG- S&P Global Platts

London (Platts)--03Dec2018/859 am EST/1359 GMT      Qatar's decision to become the first Middle East member country to leave OPEC and focus on its core strength of gas exports has stunned the cartel. Qatar's energy minister Saad Al-Kaabi said Monday that the gas-rich sheikhdom will exit the oil pr ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > QATAROPECLNG +5

African Oil Producers Must Support Organization of the Petroleum Exporting Countries (OPEC) efforts to Restore Stability to the Oil Markets with Continued Production Cuts

The Chamber urges African producing nations, both those that are Organization of the Petroleum Exporting Countries (OPEC) members and Non-OPEC members to speak up with one voice in support of OPEC's policy on stabilizing the market JOHANNESBURG, South Africa, November 30, 2018/ -- The ...

OilVoice Press - OilVoice


Posted 1 year agoPress > AfricaOilOPEC +1

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 1 year agoOpinion > Senator BingamanBingamanSanta Fe +71

Can We Expect A Major Rebound In Oil Prices?

By Nick Cunningham of Oilprice.com After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained s ...

Oilprice Staff


Posted 1 year agoOpinion > oil priceoilpriceWTI +2

Art Berman: Don't Believe The Hype - Oil Prices Aren't Going Back To $100

The breakout in Brent crude prices above $80 this week has prompted analysts at the sell side banks to start talking about a return to $100 a barrel oil . Even President Trump has gotten involved, demanding that OPEC ramp up production to send oil prices lower before they start to weigh on US co ...

Art Berman - The Petroleum Truth Report


Posted 1 year agoOpinion > Art BermanOil PrucePresident Trump +4

OPEC Net Oil Export Revenues Increased in 2017, Will Likely Continue to Increase in 2018

Source: U.S. Energy Information Administration, OPEC Revenues Fact Sheet Members of the Organization of the Petroleum Exporting Countries (OPEC) received about $567 billion in net oil export revenues in 2017, up 29% from revenues in 2016. Increases in both crude oil prices and in net OPEC ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > EIAEnergy Information Administration EIAOPEC +4

A Saudi-Iran Oil War Could Break Up OPEC

By Irina Slav for Oilprice.com When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowi ...

Oilprice Staff


Posted 2 years agoOpinion > Saudi ArabiaKingdom of Saudi ArabiaIran +4

Saudi Arabia And Iran Reignite The Oil Price War

By Tsvetana Paraskova for Oilprice.com The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanction ...

Oilprice Staff


Posted 2 years agoOpinion > oilpriceKingdom of Saudi ArabiaSaudi Arabia +9