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HomeOPEC +

OPEC +

Oil Market to Get Even Tighter on Russia Disruptions, Says Vitol
Commodities

Oil Market to Get Even Tighter on Russia Disruptions, Says Vitol

March 6, 2022 Stu Turley

‘Plenty of twists and turns to come,’ says Vitol’s Muller Vitol’s views echo those of Wall Street banks such as Goldman Global oil markets could tighten even more with Russian flows being disrupted and producers […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
Crude Oil News

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally

March 3, 2022 Mariel Alumit

This year will mark the 25th anniversary of the St Petersburg International Economic Forum, a gathering that is normally held in a village-like enclosure in this imperial city that is incidentally also the birthplace of […]

Natural Gas Compressor station near Kharkov - Ukraine - Source EPA
Geopolitical

Ukraine’s pipeline operator says gas continues to flow after an explosion near a Kharkiv facility.

February 27, 2022 Stu Turley

Ukraine’s gas pipeline operator said on Sunday that the transmission of natural gas through its system was continuing “normally” and that it had not recorded a drop in pressure after an explosion in the area […]

IEA - EnergyNewsBeat.com
Crude Oil News

IEA Oil Market Report – February 2022 Report Overview Highlights

February 21, 2022 Stu Turley

Global oil supply rose by 560 kb/d to 98.7 mb/d in January, but the uptrend was slowed by a chronic OPEC+ under-performance versus targets that has taken 300 mb of oil off the market since […]

Oil output increasing over next several decades - IEA
Commodities

IEA Boosts 2022 Crude Demand Forecast, Says Consumption Could Reach Record Level

February 20, 2022 Stu Turley

Oil consumption could surge more than previously expected and reach record levels this year, a global energy watchdog said, as restrictions to combat the coronavirus ease faster than anticipated, global economic growth mounts and pent-up […]

Commodities

Oil’s Spectacular Covid Crash Set the World Up for $100 Crude

February 17, 2022 Stu Turley

The two-year Covid crisis put many markets on a wild ride—just look at U.S. Treasuries—but few have had a crazier time than crude oil: from total collapse in 2020 to the brink of $100 a barrel […]

Bloomberg - IEA says oil market tight - ENB
Commodities

IEA Says Oil Prices Are Rising to `Uncomfortable’ Levels – Supporting long-term $100 oil

February 11, 2022 Stu Turley

Toril Bosoni, head of the International Energy Agency’s markets and industry division, says oil prices could climb further because of the OPEC+ coalition’s “chronic” struggle to revive production. “It’s not in the interest of consumers, but […]

OPEC + Leadership - Energy News Beat
Crude Oil News

OPEC+ Expected to Ratify Supply Hike While Struggling to Deliver

February 1, 2022 Mariel Alumit

OPEC and its allies are expected to approve another modest oil-output increase this week, yet once again struggle to deliver all of the extra supplies into a red-hot crude market. The recovery in fuel consumption from the […]

Bloomberg - Oil at 100
Commodities

Goldman Says $90 Oil May Push OPEC+ Into Faster Output Ramp-Up

February 1, 2022 Mariel Alumit

With Brent oil prices having surged to around $90 per barrel, OPEC and its allies may announce a bigger-than-expected rise in output, according to Goldman Sachs Group Inc. The outcome of Wednesday’s meeting remains “evenly balanced” […]

World globe Middle east, with oil barrels and drilling towers
Commodities

Oil Soars to 2014 High With Market Bolstered by Resilient Demand

January 18, 2022 Mariel Alumit

OPEC sees oil market supported by demand in a monthly report Goldman Sachs sees $100-a-barrel crude by the third quarter Oil surged to the highest level in seven years as robust demand and strained supplies […]

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