Only a few days is left before the unveiling of a big decision which will mostly determine the future of oil market in the upcoming year.
Read More »Oil Rises over 1% on Hopes for Deeper OPEC Cuts. Chinese Factory Growth
OPEC'.s ministers will meet in Vienna on December 5 and the wider OPEC+ group will meet on December 6.
Read More »Saudi Arabia Wants OPEC+ to Deepen Oil Cuts Due to Aramco IPO
The IPO will be priced on Dec. 5. the same day OPEC meets in Vienna. The OPEC+ grouping holds talks on Dec. 6.
Read More »OPEC. Allies may Deepen Output Cuts
OPEC+ oil exporters have coordinated output for three years to balance the market and support prices.
Read More »OPEC+ Watchers See Extension of Output Deal. but No Further Output Cuts
Any expectations that OPEC and its partners will make deeper cuts to oil production have all but evaporated.
Read More »OPEC`s Tough Competition in 2020
OPEC’s own outlook reflected a surplus of around 70.000 barrels per day (bpd) next year.
Read More »The OPEC+ Meet Next Week will be Crucial for the Oil Market
Oil production in the US has continued to expand and now stands at a record level of 12.9 million barrels a day.
Read More »Russian Producers don`t Want OPEC`s Deeper Cuts
The Russians have a grievance about the pact that they are likely to take up with their OPEC allies.
Read More »OPEC and Russia Likely to Extend Oil Production Cuts at Upcoming Meeting
There has been speculation that Russia may be unhappy with the production agreement. in part because its energy companies oppose it.
Read More »Shale still Challenging OPEC’s Output Strategy
The key mathematics of US shale oil growth have become more challenging. partly because of the rapid growth achieved in 2018.
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