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HomeOPEC

OPEC

Oil heads for seven week decline
Crude Oil News

Oil heads for seven week decline for first time in five years

December 8, 2023 Mariel Alumit

Today LONDON : Oil benchmarks were on track for a seven-week decline on Friday, their first in half a decade, on worries about a supply surplus and weak Chinese demand, though prices rebounded after Saudi […]

Climate Crisis

Energy Transition #89 COP 28 With Armando Cavanha, Tammy Nemeth, Stu Turley, and David Blackmon

December 5, 2023 Stu Turley

What a tremendous international discussion on the Energy Transition and the climate drama at COP28. You can’t buy this kind of entertainment with the Energy Transition team. Send in your questions, and see the gang […]

OPEC
Crude Oil News

Latest Cuts Leave OPEC with Fewer Options

December 5, 2023 Mariel Alumit

Part of the reason oil prices went lower rather than higher last week despite the OPEC+ announcement was the suspicion that some of the cuts will remain so only on paper. Because of algorithms-driven trading, […]

Critical Minerals

Daily Energy Standup Episode #262 – New York Crisis, EPA’s Methane Rule, COP28 Controversies, Russia’s LNG Rise, and OPEC+ Cuts Extension

December 4, 2023 Andy Del Prado

Daily Standup Top Stories New York’s Near Zombie Apocalypse December 2, 2023 Stu Turley Imagine if nearly half of New York City lost heat for months during the winter. That’s not the plot of a new […]

OPEC+
Crude Oil News

OPEC+ agrees oil output cuts approaching 2 million bpd, sources say

November 30, 2023 Mariel Alumit

LONDON/MOSCOW/DUBAI, Nov 30 (Reuters) – OPEC+ oil producers on Thursday agreed to output cuts approaching 2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut, […]

OPEC+
Crude Oil News

Oil gains ahead of OPEC+ meeting as Black Sea shutdowns provide support

November 30, 2023 Stu Turley

Yahoo Finance LONDON – Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output policy, while supply disruption caused by a storm in the Black Sea combined […]

Saudi
Crude Oil News

Saudi Arabia seeks OPEC oil production quota cuts as some members resist

November 28, 2023 Mariel Alumit

(Bloomberg) – Saudi Arabia is asking others in the OPEC coalition to reduce their oil production quotas in a bid to shore up global markets, but some members are resisting, delegates said. The OPEC leader […]

OPEC head accuses IEA
Climate Crisis

OPEC head accuses IEA of vilifying fossil fuel industry

November 28, 2023 Mariel Alumit

Nasdaq DUBAI – OPEC Secretary General Haitham Al Ghais on Monday accused the International Energy Agency (IEA) of vilifying the oil and gas industry, in the latest clash between the groups over climate policy. Source: […]

OPEC source tells Reuters
Crude Oil News

OPEC source tells Reuters bigger cuts a likely option

November 28, 2023 Mariel Alumit

Oil Price An OPEC+ source told Reuters on Monday that the expanded cartel is considering bigger oil output cuts during its November 30 meeting, which was originally delayed for four days over a production quota […]

Moment Of Truth
International News

OPEC Slams IEA Over “Moment Of Truth” For Oil

November 28, 2023 Mariel Alumit

By Charles Kennedy of OilPrice.com Days after the International Energy Agency (IEA) said that the oil and gas industry faces “a moment of truth” in choosing between fueling climate change and becoming a part of […]

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