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HomeOPEC +

OPEC +

Oil Prices
Crude Oil News

OPEC+ Enters 2024 With `Wait and Hope’ as Its Strategy

December 19, 2023 Stu Turley

Any weakness in oil demand or increase in supply — or both — could push the market into a surplus next year. Saudi Energy Minister Prince Abdulaziz bin Salman is apparently keen on Alexandre Dumas, often […]

Crude Oil News

How do sanctions negatively impact the environment? – A discussion with Armando Cavanha and Stu Turley

December 17, 2023 Stu Turley

Armando Cavanha is a global thought energy thought leader with years of experience with Big Oil and is now a professor with international reach. Please follow Armando on his LinkedIn here: https://www.linkedin.com/in/cavanha/ Some of the […]

Crude Oil News

Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts

December 8, 2023 Stu Turley

US News MOSCOW – Saudi Arabia and Russia, the world’s two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy […]

OPEC
Crude Oil News

Latest Cuts Leave OPEC with Fewer Options

December 5, 2023 Mariel Alumit

Part of the reason oil prices went lower rather than higher last week despite the OPEC+ announcement was the suspicion that some of the cuts will remain so only on paper. Because of algorithms-driven trading, […]

Brazil to join OPEC+
Big Oil Companies

Brazil to join OPEC+ but won’t cap oil output, Petrobras CEO says

December 2, 2023 Stu Turley

Nasdaq RIO DE JANEIRO – Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group’s coordinated output caps, the chief executive of state-run oil […]

ENB Podcast

ENB #160 What is the United States afraid of? George McMillan, CEO of McMillian Associates, stopped by the Energy News Beat podcast. – UPDATE

December 1, 2023 Stu Turley

I have to tell you that of all the podcasts that Michael Tanner and I have done, it seems like they are getting more critical and covering more ground in the energy market. I had […]

Brazil
Crude Oil News

Brazil to become member of OPEC+ coalition

December 1, 2023 Mariel Alumit

Brazil will become a member of the OPEC+ coalition in January 2024, Brazilian Energy Minister Alexandre Silveira announced on Nov. 30, 2023. The announcement was made during the rescheduled OPEC+ meeting convened to discuss the […]

OPEC+
Crude Oil News

OPEC+ agrees oil output cuts approaching 2 million bpd, sources say

November 30, 2023 Mariel Alumit

LONDON/MOSCOW/DUBAI, Nov 30 (Reuters) – OPEC+ oil producers on Thursday agreed to output cuts approaching 2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut, […]

Crude Oil News

Oil prices rise over 2%; focus on OPEC+, storm-hit Kazakh output

November 29, 2023 Stu Turley

Yahoo Finance NEW YORK – Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a storm-related drop in Kazakh oil output and a weaker U.S. dollar. Brent crude […]

Iran
Crude Oil News

Iran Sees Its Oil Production Rising to 3.6 Million Barrels per Day by March 2024

November 27, 2023 Mariel Alumit

Iran expects its oil production to rise to 3.6 million barrels per day (bpd) by the end of the current Iranian year in March 2024, from around 3.3 million bpd now, Iran’s Oil Minister Javad Owji has […]

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