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Real increase would be smaller than the nominal gain of 1 million bpd. meaning a compromise with Iran remained possible.
Read More »OPEC Struggles to Ease Oil Supply Cuts
Iran and Iraq will Participate in Meeting of OPEC+ Monitoring Committee
The parties will discuss possible increase of oil production.
Read More »Oil Tariff Quarrel Is Short-Term Gain. Long-Term Pain
U.S. President Donald Trump has called on OPEC to raise production to cool down oil prices.
Read More »Oil Declines as Iran Signals Support for Small OPEC Supply Increase
OPEC. together with other key producers including Russia. started withholding output in 2017 to prop up prices.
Read More »OPEC Nears Compromise on Oil Output Deal Ahead of Key Vienna Meeting
Most of the shortfall has come from Venezuela. where an economic crisis has savaged the nation’s petroleum production.
Read More »`We have to be Sensitive to All Member Countries.`Al-Falih Says of OPEC Oil Cuts
Falih said any raising of output would be measured.
Read More »NOPEC Act would Allow US to Sue OPEC for Manipulation Oil Prices
Higher oil prices help U.S. shale producers.
Read More »Higher Oil Supply Acceptable if Justified by Demand and Agreed by All OPEC
An increase because of external pressure on OPEC is not acceptable.
Read More »Iran may Accept OPEC Oil Production Increase with Conditions
The condition means no other country has the right to compensate for another country’s oil production decrease.
Read More »Oil Price Steady Ahead of OPEC Meeting
The market is now stuck in an OPEC-wary condition.
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