Tag Archives: OPEC

The OPEC deal may end in June

A couple of weeks ago, comments from the UAE’s energy minister spurred the oil price rally higher. What the minister said — or rather, hinted — was that the oil production cut deal that OPEC agreed to at the end of 2016 with Russia could continue beyond its December 2018 deadline. The rise, however, may have been too high for OPEC ...

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Relations between Russia & OPEC constructive, based on trust – Novak

RT Exclusive Published time: 7 Dec, 2017 10:59 The Organization of the Petroleum Exporting Countries (OPEC) and independent producers led by Russia made the right decision to extend their oil production cuts until the end of 2018, according to Russian Energy Minister Aleksandr Novak. Read more He told RT it provides an opportunity for a longer-term understanding of the joint ...

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US shale to surge after OPEC extension

Just as expected: OPEC and the group of non-OPEC countries led by Russia extended their production cuts for an additional nine months through the end of 2018. Read more “It’s been a good long day… in fact, it’s been a great day,” Saudi oil minister Khalid Al-Falih said at the presser. “I’m pleased to announce the decision has been unanimous.” ...

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OPEC will extend the cut

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. Read more A failure to agree on the market remediation would cause oil prices to plummet immediately, forfeiting any gains that have been made in the last year. Saudi ...

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U.S. oil production down, OPEC says

Daniel J. GraeberVIENNA, Feb. 9 (UPI) — Apart from Texas and North Dakota, oil production from the Lower 48 states is on the decline, OPEC said in its market report for February. Top News – UPI.com

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