OPEC


All posts for OPEC

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 2 years agoOpinion > oilpriceSaudi ArabiaOil +5

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 2 years 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 2 years 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 2 years agoOpinion > Kingdom of Saudi ArabiaSaudi Arabiasaudi +68

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 2 years agoOpinion > Nrgedge articleOil and Gasoil industry +8

OPEC: Congo and OPEC: A marriage of mutual need

By NJ Ayuk (CEO) Centurion Law Firm JOHANNESBURG, South Africa, April 30, 2018/ -- The Republic of the Congo has suffered dearly during the oil collapse; and Congolese President Denis Nguesso has pledged that the country would no longer be sitting on the side lines — suffering the effe ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > OPECAfricaCongo +2

A New Lithium War Is About To Begin

By James Stafford - Apr 24, 2018, 6:00 PM CDT It's the modern gold rush. Around the world, the most sought-after mineral isn't a precious metal, nor is it oil and gas…it's lithium. Lithium, or “white petroleum” as some call it, has become a crucial element in today's high-tech econom ...

Oilprice Staff


Posted 2 years agoOpinion > oilpriceLithiumWhite Petroleum +3

Statement by the South Sudan Minister of Petroleum on OPEC/non-OPEC Collaboration

Prosperity through Unity A statement encouraging the continued collaboration between OPEC and non-OPEC nations by Hon. Amb. Ezekiel Lol Gatkuoth, Minister of Petroleum of the Republic of South Sudan . Juba, 24 April 2017 -- The stability of markets and global oil prices, and therefore the pr ...

OilVoice Press - OilVoice


Posted 2 years agoPress > OPECNon-OPECSouth Sudan +4

Ashurst Comment: OPEC-Non-OPEC Joint Ministerial Monitoring Committee

Ahead of the OPEC-non-OPEC Joint Ministerial Monitoring Committee meeting tomorrow in Jeddah, Michael Burns, oil and gas partner at law firm at Ashurst, comments: "So much has happened over the last few months that Friday's meeting in Jeddah is sure to have a lot of issues to consider. Whilst ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > AshurstOPECNon-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 2 years 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 2 years 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 2 years agoOpinion > HoustonChinaChina National Petroleum Corporation CNPC +70

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 2 years 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 2 years 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 2 years agoOpinion > Oil TankersOPECShipping +2