OPEC


All posts for OPEC

OPEC Puts Icing on the Cake

As expected, OPEC and its non-OPEC partners have extended their production agreement through 2018 and even assigned “soft targets” to include Nigeria and Libya. Saudi Arabia's Energy Minister, Khalid Al Falih made it clear in his opening remarks that the goal of the year-old deal had not been ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > OPECNon-OPEC ProductionNigeria +3

Comments on OPEC Announcement - S&P Global Platts Analytics

“In agreeing to extend current production quotas OPEC and non-OPEC nations are managing a fine balance which is likely to maintain prices at current levels in the near term.  Normalised stocks are lower than generally thought because of new infrastructure builds, stronger demand and higher exports ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > OPECS&P Global PlattsNon-OPEC

Oil price, Victoria Oil & Gas And finally…

  Oil price The Opec meeting ended up with what everyone expected, a maintenance of cuts through to the end of 2018. There was a modest tip of the hat to Russia by agreeing to a ‘production review' at next June's meeting which may be interesting. There is no certainty that at that stage thing ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceVictoria Oil & GasOPEC +1

Oil price, Sound Energy, Sundry-Sirius Petroleum, Lamprey, And finally…

  Oil price Opec day today so we are in the land of guesswork, yesterdays modest fall was in response to the speech by the Saudi Oil Minister who was corralling the Russkis to sign up for the 2018 deal. The price this morning is showing Brent up by nearly 50 cents so is predicting an agreeme ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceSound EnergySundry-Sirius Petroleum +2

Dr. Daniel Fine on Oil and Gas: Prices and Supply Short of War in Middle East

One day after the OPEC annual meeting, although composed for publication two weeks ago, this column moves the clock forward to early 2018.  There is a background noise of regional “hybrid war” intruding on the market price of World and West Texas Intermediate oil. Most analysts both commercial and ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiasaudiSaudi Aramco +89

Oil price, Shell, Ascent Resources, Frontera Resources, Touchstone, Link, ROK’N’OIL And finally…

  Oil price With only two days to go until Opec D-Day things are remarkably quiet by historical standards, normally stances are being set and requirements demanded but right now only two things matter, how long will the accord be extended and are the Russkis on board. How long is relatively e ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceShellAscent Resources +11

Russia's Mixed Feelings on Extending Production Deal

For Mr. Putin, the deal with OPEC has lifted oil prices, liquidated a global oil glut, and paid dividends in the form of improved relations with Saudi Arabia, boosting Russia's real and perceived influence in the Middle East. At this juncture, however, the benefits for Russia and thus Mr. Putin ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > RussiaPutinOPEC +5

Oil price, Tullow/UOG, President Energy, WOGW And finally…

  Oil price Opec week finally comes around and as usual it seems that most of the decisions have been made in advance in order to give the impression of harmony and accord amongst the member states. Obviously, with the Opec/Non-opec agreement there are more meetings to squeeze in ahead of Thurs ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceTullow OilOPEC +3

OPEC Will Extend The Cut

By Zainab Calcuttawala for Oilprice.com There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world's largest oil producers are really determined to end the supply glut. A failure to agree on the market remediation would cause ...

Oilprice Staff


Posted 1 year agoOpinion > OPECoilpriceSaudi Arabia +3

Oil price, Ophir Energy, SDX Energy, Cabot Energy, Sound Energy And finally...

  Oil price The news this week on the oil price has been as much if not more than a fairly slim number of company announcements, with the Opec meeting next week this may continue to be the case. Spending some time in the true home of oil this week was inspirational and as is often the case some ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceOphir EnergySDX Energy +4

Geopolitics Is Rearing Its Head Again In Oil

Brent and WTI prices are now at their highest levels in two years. With Brent almost touching US$65/b and WTI within shot of US$60/b, this is cheer for the market, where most participants had resigned themselves to a prolonged period of US$50/b oil. There are several factors propelling this rise. OP ...

Easwaran Kanason


Posted 1 year agoOpinion > WTIOPECBrent +5

The 5 Countries That Could Push Oil Prices Up

By Nick Cunningham for Oilprice.com Oil prices appear to be stuck in the $50s per barrel, but that doesn't mean there aren't serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. Geopo ...

Oilprice Staff


Posted 1 year agoOpinion > oil priceIraqIran +4

September Unplanned Global Oil Supply Disruptions Fall to Lowest level Since January 2012

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , October 2017 Note: OPEC disruptions include crude oil only; non-OPEC disruptions include crude oil and other liquid fuels. Unplanned global supply disruptions fell to 1.6 million barrels per day (b/d) in September ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > OPECEIAEnergy Information Administration EIA +6

Art on MacroVoices: Comparative Inventory Draws Spell Higher Oil Prices

Erik Townsend welcomes Art Berman to MacroVoices . Erik and Art discuss: Comparative inventory levels on oil; Oil price responsive to inventories; Realization price recovery in crude prices takes time; Refinery intakes have not recovered; Where are average consumption levels; Outlook on gaso ...

Art Berman - The Petroleum Truth Report


Posted 1 year agoOpinion > oil priceRealisation recoveryCrude +6

US Crude Gains More Market Share in Asia

The spread between the world's two benchmark crude oil markers – Brent and WTI – is currently hovering at US$6/b. This is the widest gap between the two for a long while, first breaching the tight US$2/b spread range since 2015 in the run up to Hurricane Harvey as traders fretted that widespread ref ...

Easwaran Kanason


Posted 1 year agoOpinion > OPECOil & GasEnergy +4