OPEC Archives - Energy News Beat

President Trump Announces Plans to Strike Iran Again and Take Control of Kharg Island, Echoing Venezuelan-Style Oil Controls

June 11, 2026June 11, 2026 Clark Savage128

In a major escalation of the ongoing U.S.-Iran conflict, President Donald Trump has signaled that U.S. forces will strike Iran “VERY HARD TONIGHT” and, in the near future, take control of Iran’s critical oil infrastructure, including Kharg Island. This development draws direct parallels to the administration’s approach in Venezuela and aligns with commentary from energy […]

The UAE is Doubling Down On Exports Around the Strait of Hormuz

May 15, 2026 Clark Savage703

In a decisive move that underscores its strategic pivot amid ongoing regional tensions and its recent departure from OPEC, the United Arab Emirates is accelerating infrastructure to dramatically expand its oil export capacity, bypassing the Strait of Hormuz. On May 15, 2026, Abu Dhabi’s Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan directed […]

OPEC+ Has Plan to Complete Series of Quota Hikes

May 14, 2026 Clark Savage753

In a move that signals business-as-usual intent amid extraordinary disruption, OPEC+ delegates have outlined plans to press ahead with a series of oil production quota increases, aiming to fully unwind the final layer of voluntary cuts announced in 2023 by the end of September 2026. According to Bloomberg reporting, key members intend to raise targets […]

Saudis Tell OPEC That Oil Output Sank Again to Lowest Since 1990

May 13, 2026 Clark Savage852

Saudi Arabia has delivered a stark update to OPEC: its crude oil production plunged another 651,000 barrels per day (b/d) in April, hitting just 6.316 million b/d—the lowest level since the 1990 Gulf War. According to a monthly report from OPEC’s secretariat obtained by Bloomberg, the kingdom’s output has now fallen a cumulative 42% since […]

Iran War has Brought The Energy Crisis to the Center Stage. We also cover the Energy Transition, Exxon and Chevron Earnings.

May 2, 2026May 2, 2026 Clark Savage763

Energy Security Starts at Home, and Energy Dominance is Displayed through your exports. Well, the US is clearly energy dominant until you hit California, and then they are 80% dependent on foreign energy. 1. Global Energy Crisis & Iran War Impact The Podcast opens with the Iran war creating a severe global energy crisis. […]

Goldman Sachs Reports Higher Oil Prices with a 9.6 mbd Deficit in Q2

April 28, 2026April 28, 2026 Clark Savage1359

In a stark update released on April 26, 2026, Goldman Sachs has significantly raised its oil price forecasts, citing unprecedented supply disruptions in the Persian Gulf. The investment bank now expects Brent crude to average $90 per barrel and West Texas Intermediate (WTI) to hit $83 per barrel in Q4 2026—up sharply from its prior […]

Goldman Sachs Sees Rapid Oil Output Recovery, Post Iran War

April 24, 2026 Clark Savage814

Goldman Sachs issued a research note Thursday projecting that Gulf oil production—currently down by an estimated 14.5 million barrels per day (mbpd), or 57% of pre-war Middle East levels—could largely rebound within a few months once the Strait of Hormuz reopens and hostilities fully cease. The investment bank attributes most of the lost output not […]

What is the impact difference to investors between paper oil prices and delivered cost? – Watch for the Ruberband Snap Up to Oil Prices

March 21, 2026March 28, 2026 Clark Savage177

In the high-stakes world of energy markets, not all oil prices are created equal. \”Paper oil\” refers to benchmark futures contracts traded on exchanges like NYMEX (WTI) and ICE (Brent)—financial instruments where the vast majority of trading volume (often 95%+) never results in physical delivery. These are the headline numbers investors see on CNBC or […]

China and India Spending More on Domestic Oil and Gas Production

February 24, 2026 Clark Savage281

As the world’s two largest oil importers grapple with geopolitical risks, supply disruptions, and the imperative of energy security, both China and India are pouring billions into boosting domestic oil and gas output. While progress varies sharply between the two Asian giants, the shared strategy underscores a long-term bet on self-reliance — even as new […]

FT Uncovers $90 Billion Russian Oil Smuggling Operation: The Dark Fleet\’s Shadow Over Global Energy

February 20, 2026 Clark Savage144

In a stunning revelation that underscores the resilience of Russia\’s energy sector amid Western sanctions, the Financial Times has exposed a sprawling smuggling network responsible for moving at least $90 billion worth of Russian crude oil. Dubbed the \”Dark Fleet,\” this shadowy armada of aging tankers and opaque trading entities has been operating for years, […]

Tag: OPEC

President Trump Announces Plans to Strike Iran Again and Take Control of Kharg Island, Echoing Venezuelan-Style Oil Controls

The UAE is Doubling Down On Exports Around the Strait of Hormuz

OPEC+ Has Plan to Complete Series of Quota Hikes

Saudis Tell OPEC That Oil Output Sank Again to Lowest Since 1990

Iran War has Brought The Energy Crisis to the Center Stage. We also cover the Energy Transition, Exxon and Chevron Earnings.

Goldman Sachs Reports Higher Oil Prices with a 9.6 mbd Deficit in Q2

Goldman Sachs Sees Rapid Oil Output Recovery, Post Iran War

What is the impact difference to investors between paper oil prices and delivered cost? – Watch for the Ruberband Snap Up to Oil Prices

China and India Spending More on Domestic Oil and Gas Production

FT Uncovers $90 Billion Russian Oil Smuggling Operation: The Dark Fleet\’s Shadow Over Global Energy

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