Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

Brent is set for its biggest weekly fall in six months and WTI in 15 weeks.

Iraq is playing a role to calm the situation but it is not a mediation.

Oil prices have rose by more than 30 percent this year.

Partnership among the OPEC+ nations should include issues of joint investments and technological cooperation.

For Russia. the full-compliance option would be less attractive. adding just several dozens of barrels to the average daily output.

Producers are capable of filling any market gap and that relaxing supply cuts is not the right decision.

Average conformity has reached 120 percent since January 2019.

Tensions in the Middle East continue to risk secure supply of oil from the region to the global market.

Rystad expects North Sea oil production to drop to 2.28 million bpd with 462 000 bpd lost due to outages.

OPEC and its partners agreed in December to output cuts of 1.2 million barrels a day.