Authored by Charles Kennedy via OilPrice.com, OPEC’s crude oil production rose in October by 80,000 barrels per day (bpd) compared to September, but the output at the countries bound by the OPEC+ pact continued to […]
World Oil (Bloomberg) – OPEC+ still has a positive outlook for growth in oil demand, despite the headwinds faced by the global economy, as it prepares for its next ministerial meeting. “The economy, despite the challenges, […]
Daily Standup Weekly Top Stories Europe’s wind power goal hits new snag: security October 29, 2023 Allen Santos North Sea countries to aim to quadruple offshore wind, security plans vague Most governments say offshore developers should […]
Nasdaq LONDON – OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by increases in Nigeria and Angola and despite ongoing cuts by Saudi Arabia […]
Escalation of Israel-Hamas war into Middle East-wide conflict would disrupt oil supplies and stoke food prices, says Bank Oil prices could soar to a record high of more than $150 a barrel if the war between […]
Nasdaq NEW YORK – U.S. waterborne imports of crude from OPEC+ members including Saudi Arabia have dropped steadily over the last year, further tightening supplies in the U.S. while supporting other markets including Europe, according […]
The terms “Oil Embargo” and “Energy Crisis” have been embedded in the nation’s history for a half-century. But that crisis was the result of government intervention, not market failure. Specifically, the age-old sin of government price controls […]
Nigeria upped its production by 110,000 bpd, while Iran’s output reached its highest since 2018, exempt from OPEC+ cuts because of U.S. sanctions. Saudi Arabia maintained its commitment to pumping approximately 9 million bpd in […]
OPEC general secretary Haitham al-Ghais criticizes calls to halt investments in new oil projects, labeling it an “extremely risky narrative.” Amid contrasting views with the IEA, OPEC’s latest oil outlook expects global oil demand to […]
Representatives from the oil industry and from OPEC will attend the COP28 climate summit in Dubai next month, OPEC Secretary General Haitham Al Ghais said on Tuesday. “The oil industry will be at COP and […]
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