Saudi Arabia’s decision to cut production on its own may not have been in its best interests. Russia’s strategy has been to persuade Saudi Arabia to increase the group’s oil prices as much as possible […]
Saudis offers new voluntary cuts of 1 mln bpd for July Russian, Nigerian, Angolan targets brought in line with output UAE allowed to raise production (Reuters) – Saudi Arabia will make deep production cuts in […]
With the next OPEC+ meeting taking place this Sunday and the U.S. debt ceiling saga set to draw a conclusion around the same time, oil markets are sure to be on edge all week. Investor […]
OPEC Lambasts Anti-Oil Sentiment, Warns of Underinvestment – OPEC+ compliance with its collective targets keeps on worsening with the 19 members underperforming by 2.6 million b/d, just as the oil alliance prepares for its June […]
May 9, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, April 2023 Note: OPEC oil totals are crude oil; OPEC+ oil totals are crude oil and lease condensate. The Organization of the Petroleum […]
Authored by Felicity Bradstock via OIlPrice.com, While there have been tensions between OPEC and the IEA for quite some time, the rhetoric between the two has ratcheted up recently over the future of the oil […]
Authored by Simon Watkins via OilPrice.com, OPEC has repeatedly warned of the danger of undermining oil industry investment and has cut production to ensure oil prices remain higher. Meanwhile, the United States has rigorously attempted […]
While U.S. shale production is still growing, it is expected to grow at a slower pace due to cost inflation and mixed messages from the Biden administration. As U.S. shale production growth slows, OPEC will […]
With earnings season in full swing, big players like Exxon, Halliburton and Baker Hughes have posted strong results despite lower crude prices in Q1. Friday, April 28, 2023 Oil prices have stabilized around $78 per […]
Oil at $90 and $100 will hit the economies of the large oil importers. Triple-digit oil will complicate central bank efforts to quell inflation. The biggest losers will be Asia’s developed economies heavily dependent on […]
Copyright © 2025 | Sandstone Group