Energy News Beat Publishers Note (ENB): The fact that Russia relies on an estimated 35% of its GDP from exports from energy, they do not want to disrupt the revenue source. “Besides, instability in the […]
Energy News Beat Publishers Note: This meeting between Iran and the U.S. will be one to watch for several reasons. The sanctions placed on Iran have been taking their toll and disrupting cash flow for […]
Saudi Arabia‘s energy minister took a cautious view of any increase in oil production as members of the OPEC cartel met Thursday with allied non-member countries to decide production levels. Speaking ahead of the meeting, Abulaziz bin Salman […]
Oil markets aren’t on the verge of a new price supercycle as plentiful supplies mean any concerns of a shortfall are misguided, the International Energy Agency said. Crude rallied to a 14-month high last week after Saudi Arabia and […]
The Opec+ alliance will meet tomorrow at 14:00 CET to discuss whether and how to amend the group’s production quotas from next month. The quotas were reduced to 7.05mn b/d below an October 2018 baseline […]
no recommendation from the JMMC #OOTT #Opec — Amena Bakr (@Amena__Bakr) March 3, 2021 Energy News Beat Publishers Note: Update from Rystad Energy and Amena Baker from Twitter. The Iran’s oil minister Zanganeh will […]
Oil prices have reached a critical threshold where OPEC+ must decide whether to increase production, or risk losing market share again to U.S. shale producers. Front-month Brent futures prices have climbed to more than $60 per barrel, […]
Energy News Beat Publishers Note: This is great news if they do hit the compliance numbers. My question is how do we know that the large volumes being shipped to China in unregistered tankers is […]
Energy News Beat Publishers Note: Bloomberg has access to great data, but we are seeing from other sources that the number will be much higher. They will not be under the OPEC+ quota, but rather […]
This edition of the Short-Term Energy Outlook (STEO) is the first to include forecasts for 2022. The January STEO remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. Reduced economic activity and […]
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