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HomeOPEC +

OPEC +

OPEC -Energy News Beat
Crude Oil News

OPEC+ Sees Almost Full Compliance With January Oil-Supply Cuts –

January 31, 2021 Stu Turley

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 […]

The Zubair oil oil and gas field - Energy News Beat
Crude Oil News

Iraq to Lower Oil Production to Compensate for OPEC Breach – But will they really lower their output, or just a political stunt?

January 24, 2021 Stu Turley

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 […]

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

EIA Short-Term Energy Outlook – forecasts Brent crude oil spot prices to average $53 per barrel (b) in both 2021 and 2022

January 12, 2021 Stu Turley

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 […]

Rystad Energy - EnergyNewsBeat
Crude Oil News

OPEC+ protectionism is helping the US shale industry find 32% more CFO to boost spending in 2021

January 12, 2021 Stu Turley

The decision by OPEC+ to continue shielding the global oil market by curtailing its output, even with generous self-imposed cuts like Saudi Arabia’s 1 million barrels per day “gift”, has helped WTI crude prices exceed […]

Libyan surge, slipping compliance push OPEC+ output up sharply in Dec: Platts survey
Crude Oil News

Libyan surge, slipping compliance push OPEC+ output up sharply in Dec: Platts survey

January 11, 2021 Stu Turley

London — OPEC and its allies raised their crude oil production by 280,000 b/d in December to a seven-month high, as Libya pumped its most since mid-2013 and several other countries posted modest increases, the latest […]

Commodities

Overnight Oil Report 1/8/2021: Oil bulls win again

January 8, 2021 Mariel Alumit

ENB Publishers Note: Bull’s in Asia and Europe drive oil price to $51.66 for the high on the overnight session as traders shake off COVID-19  concerns… ______ Singapore — 0242 GMT: Crude oil futures ticked up […]

Rystad Energy - EnergyNewsBeat
Crude Oil News

OPEC+ protectionism is helping the US shale industry find 32% more CFO to boost spending in 2021

January 7, 2021 Stu Turley

The decision by OPEC+ to continue shielding the global oil market by curtailing its output, even with generous self-imposed cuts like Saudi Arabia’s 1 million barrels per day “gift”, has helped WTI crude prices exceed […]

India in no hurry to seek US nod for oil supplies from Iran and Venezuela - Energy News Beat
Crude Oil News

India in no hurry to seek US nod for oil supplies from Iran, Venezuela – Could impact OPEC’s production and quota

January 6, 2021 Stu Turley

Energy News Beat Publishers Note: We have to applaud the leadership in India for looking at the lowest cost energy for their people. They also look at all forms of power to include solar, wind, […]

Saudis lead OPEC+ majority opinion against February supply increase - Energy News Beat
International News

Saudi bears brunt of the OPEC+ cuts; small increases for others

January 5, 2021 Mariel Alumit

From Energy Intel: Production levels per OPEC+   Bloomberg – OPEC+ reached an agreement to curb supply over the next two months, with Saudi Arabia carrying a greater burden of oil-output cuts while others hold […]

opec energynewsbeat
ENB Pub Note

OPEC+ to ease cuts further – reports

January 4, 2021 Mariel Alumit

ENB Publishers Note: We expect cuts to be implemented as the COVID-19 cases continue to rise around the world, despite vaccine rollout.  Follow Energy New Beat’s LIVE daily show at 2 PM MST everyday for […]

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