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HomeOPEC

OPEC

Alternative Investments

Daily Energy Standup Episode #226 – Energy Turbulence: Oil Prices Surge, Gulf of Mexico Impact, and OPEC’s Forecast

October 10, 2023 Andy Del Prado

Daily Standup Top Stories Oil Prices, Energy Stocks Surge After Attack on Israel. Here’s What Comes Next. October 9, 2023 Mariel Alumit Oil prices were climbing sharply on Monday in reaction to the attack on Israel by […]

OPEC
Crude Oil News

OPEC Boosts Oil Demand Forecast to 2045

October 9, 2023 Mariel Alumit

OPEC raised forecasts for global oil demand through to the middle of the century, even as the world shifts away from fossil fuels to avert catastrophic climate change. Oil consumption will climb 16% over the […]

Oil
Crude Oil News

Oil could hit $100/bbl as OPEC+ sticks with supply cuts -Equinor executive

October 6, 2023 Mariel Alumit

HOUSTON, Oct 4 (Reuters) – Global crude oil prices could rise to $100 a barrel based on the OPEC+ decision on Wednesday to maintain supply cuts, the chief economist of Norwegian oil and gas company […]

Saudi
Crude Oil News

Saudi Arabia And Russia Will Not Alter Voluntary Oil Supply Cuts

October 4, 2023 Mariel Alumit

Saudi Arabia and Russia have both confirmed that they will be keeping their supply cuts in November despite the recent oil price rally. The announcements came just hours before the Joint Ministerial Monitoring Committee and […]

Irina Slav 2023 ENB Podcast It takes a Village to Raise an Idiot
ENB Podcast

ENB #139 Irina Slav, International Energy Author, OPEC’s Response to the IEA, and It Takes A Village To Raise An Idiot

October 1, 2023 Mariel Alumit

Irina Slav, Energy Expert, Author, and podcast host, stopped by the Energy News Beat podcast. I have thoroughly enjoyed getting to know Irina over the last year, and her humor, knowledge, and assessments of the […]

Oil
Crude Oil News

Oil Closes In On $95 Per Barrel, Hitting $100 In Some Markets

September 19, 2023 Mariel Alumit

The oil-price rally continued in full force on Monday, with Brent crude closing in on $95 per barrel in early afternoon trading, and some crude grades around the world topping $100. At 12:23 p.m. ET […]

OPEC
Crude Oil News

OPEC Statement on peak fossil fuel demand

September 14, 2023 Mariel Alumit

On the International Energy Agency’s recent Op-Ed published on 12 September 2023, asserting that fossil fuel demand would peak before 2030, OPEC notes that consistent and data-based forecasts do not support this assertion. It is […]

Offshore
Crude Oil News

IEA September Oil Market Report – As featured on the ENB Daily Show

September 13, 2023 Mariel Alumit

World oil demand remains on track to grow by 2.2 mb/d in 2023 to 101.8 mb/d, led by resurgent Chinese consumption, jet fuel and petrochemical feedstocks. In 2024, naphtha and LPG/ethane, especially in China, will […]

Crude Oil News

Saudi Oil Production Cuts To Deepen Rift With U.S.

September 13, 2023 Mariel Alumit

Last week, Brent crude topped $90 per barrel for the first time since last November, and WTI climbed to an 11-month high, too. The reason: Saudi Arabia and Russia said they would extend their oil […]

China
BRICS

China’s Influence In Oil Markets Grows With BRICS Expansion

September 6, 2023 Mariel Alumit

Piece by piece, China continues to build alternatives to each of the key building blocks of the West’s world order, including – crucially – a new global oil market order, as analysed in full in my […]

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