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HomeOPEC +

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Commodities

Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May

June 5, 2021 Stu Turley

Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May, Russian Deputy Prime Minister Alexander Novak said on Friday. “It will be better than in April. Close to 100%,” […]

OPECSecretariat - EnergyNewsBeat
Commodities

OPEC+ Boosts Output in July and Keeps Market Guessing Beyond

June 2, 2021 Stu Turley

OPEC+ stuck to its plan to hike oil output in July, but Saudi Arabia’s energy minister kept the market guessing as to whether the group will add more supply later this year to keep pace […]

saudi Tanker - EnergyNewsBeat
Commodities

Saudi Arabia’s Oil Exports Soar Ahead Of OPEC+ Meeting

May 29, 2021 Stu Turley

After over a year of pandemic-driven volatility and weak oil demand, Saudi Arabia is now experiencing an oil export boom. Saudi Arabia’s oil exports increased in March by 75 percent year-on-year, at a value of […]

Crude Oil News

Russia Stays Out of the Israeli-Palestinian Conflict – How does this impact oil and weapons dealers?

May 18, 2021 Stu Turley

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 […]

Iran - US - Nuclear talks- energynewsbeat.com
Crude Oil News

Tough Nuclear Talks Await Iran, U.S. and what does it mean for oil?

April 6, 2021 Stu Turley

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 […]

Commodities

Saudi energy minister urges caution on oil production levels

April 3, 2021 Stu Turley

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 […]

crude-oil-energynewsbeat.com
Commodities

IEA Sees No Oil Supercycle as Supplies Remain Plentiful

March 17, 2021 Stu Turley

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 […]

Opec+ JMMC ends with no recommendation -energynewsbeat
Crude Oil News

Opec+ JMMC ends with no recommendation

March 3, 2021 Stu Turley

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 […]

opec energynewsbeat
Crude Oil News

JMMC – No Recommendation to on production to OPEC+ and they are Poised to Cool Oil Market With Extra Production – Update 9:25 AM CST

March 3, 2021 Stu Turley

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 […]

https://oilprice.com/Energy/Crude-Oil/OPEC-Sees-Oil-Demand-Rise-To-959-Million-Bpd-In-2021.
Commodities

Oil prices hit critical threshold for OPEC+

February 15, 2021 Stu Turley

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, […]

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