Well, we are in historic times with pandemics, countries printing money, and inflation. If that does not make your head hurt, commodities pricing will. The important deal with OPEC + and the UAE is an […]
The world needs the OPEC+ group to open the taps further to balance the oil market in the coming months, on that everyone agrees. But there’s less unanimity on just how much more crude they will have to […]
OPEC+ was plunged into crisis as a worsening fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase. What happens next will determine whether the breakdown of talks — which sent crude […]
It isn’t OPEC if it isn’t drama. Yet, what’s playing out now on the stage of this expanded 23-nation coalition of oil producing countries that calls itself OPEC+ is too much drama – even for […]
LONDON/DUBAI/MOSCOW, – OPEC+ resumes talks on raising oil output on Friday after the United Arab Emirates blocked a deal the previous day, creating a standoff that could delay plans to pump more oil through the […]
US crude exports fell by 16pc in May, with India the top buyer followed closely by China. Total domestic crude exports averaged 2.71mn b/d in May, down from 3.24mn b/d in April, according to trade […]
An OPEC+ ministerial panel recommended a gradual increase in oil output to the end of the year, paving the way for the wider group to reach a deal that would keep a firm grip on […]
Oil advanced with OPEC+ producers reaching a tentative agreement to add limited supplies to the market in the coming months. Futures in New York rose as much as 3.7% on Thursday to the highest intraday […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) In the June Short-Term Energy Outlook (STEO), we forecast that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases […]
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 […]
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