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The U.S. assassination of one of Iran’s most powerful generals has the oil industry bracing for something it has long feared and anticipated.
Read More »Oil Industry Braces for More Mideast Turmoil After Soleimani Killing
OPEC+ Cuts can’t Last Forever
OPEC+ will meet in early March to discuss options for future cooperation on supply.
Read More »Saudi Arabia. Kuwait Sign Deal to Resume Joint Oil Output
The deal could take as much as a year to bring the field back to full capacity.
Read More »Popular Middle East Oil Falls From Favor on Cusp of IMO 2020
Once a highly sought-after grade of oil from the Middle East. Abu Dhabi’s Murban is falling out of favor as the world’s top refiners seek out other types of crude ahead of a historic ship-fuel overhaul.
Read More »Saudi Arabia and Kuwait Close to Neutral Zone Oil Deal
The zone was formally partitioned between Saudi Arabia and Kuwait in 1970.
Read More »Future of Oil. Future of World
Oil ministers from OPEC and non-OPEC partners during their last meeting in Vienna agreed to cut an extra 503.000 b d from their total production in a bid to help stabilize the oil market.
Read More »Novak Vows Implementing Projects with Iran
Iran and Russia have already signed the necessary protocol and agreements and the projects are underway.
Read More »Saudi Arabia Plans for Lower 2020 Oil Revenues on OPEC Cuts
The budget deficit will widen to 6.4% in 2020 from 4.7% in 2019 as the government earns less from oil.
Read More »OPEC Agrees to Cut Oil Output from Jan. 1
The key uncertainty facing the oil market now is OPEC+ supply from April.
Read More »OPEC’s Failure to Deepen Oil Cuts may Drive Oil Price to $40
The challenge for OPEC+ is the strong supply growth elsewhere in the world.
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