OPEC


All posts for OPEC

Oil Price, Amerisur, Faroe, and Finally…

WTI $63.51 +50c, Brent $68.12 +48c, Diff-$4.61 -2c, NG $2.70 +2c Oil Price A modest bounce yesterday with the Russian Oil Minister suggesting that they will discuss long term cooperation at the upcoming ministerial talks. Equities bounced which took commodities with them and Bloomberg announc ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > MalcyMalcy'sMalcy's Blog +5

How Far Can Shale Go?

Last week, OPEC sounded an alarm. Previously hopeful that the global crude markets would be balanced by June, which would allow it to walk back on the supply freeze that propped prices up at the cost of OPEC market share, the OPEC monthly report raised its expectations for non-OPEC supply for a fou ...

Easwaran Kanason


Posted 1 year agoOpinion > nrgedgeShaleOil +2

Dr. Daniel Fine: OPEC in Houston and Steel Pipes From China

For a week in March, Houston was the site of a world assembly of oil producers engaged in an OPEC-Russia dialogue with American shale or light tight oil producers on supply and — indirectly — price.  OPEC and Saudi Arabia pitched a market information offensive.  Put simply, American oil producers ...

Will Fine


Posted 1 year agoOpinion > HoustonChinaChina National Petroleum Corporation CNPC +70

UAE and Equatorial Guinea Discuss Coalition and African Investment

Greater petroleum industry collaboration between the UAE and Equatorial Guinea, and between OPEC nations in the Middle East and Africa, was on the agenda for Equatorial Guinea's Minister of Mines and Hydrocarbons as he arrived in Abu Dhabi this weekend. H.E. Gabriel Mbaga Obiang Lima, Presidential ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 year agoPress > Equatorial Guineaunited arab emiratesOPEC +2

OPEC Feb Crude Output 32.39 Mil b/d, Down 70,000 b/d From Jan: S&P Global Platts Survey

OPEC FEB CRUDE OUTPUT 32.39 MIL B/D, DOWN 70,000 B/D FROM JAN: S&P GLOBAL PLATTS SURVEY VENEZUELA FEB OUTPUT LOWEST IN S&P GLOBAL PLATTS SURVEY HISTORY, ASIDE FROM 2002-03 STRIKE LIBYA FEB CRUDE PRODUCTION HIGHEST IN NEARLY FIVE YEARS: S&P GLOBAL PLATTS SURVEY   London (Platts)--06Mar2018/530 a ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > OPECCrudeOutput +7

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 1 year 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 year 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 year 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 year 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 year 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 year 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 year 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 year 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 year 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 year agoOpinion > oil priceDemandsupply +5