OPEC and its Russian-led allies will maintain their production quotas for now, the group said after convening briefly online Dec. 4, adopting a wait-and-see stance amid a hazy outlook for the oil market. The decision […]
EconomyOPEC OPEC and its oil-producing allies have agreed to stick to their output targets as the oil markets struggle to assess the impact of a slowing Chinese economy on demand and a G7 price cap […]
Two weeks ago, oil tumbled after the WSJ reported a fake news hit piece quoting “delegates” who “said” that Saudi Arabia was preparing for a 500K oil production hike. We quickly countered that this was […]
U.S. shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world’s largest producer, but now they are running out of runway. Oil output […]
1. Oil Analysts Diverge Ahead of OPEC Meeting – OPEC+ will meet this Sunday to discuss its production targets for January 2023, amidst a widening discrepancy between oil market watchers as to what we should be expecting […]
OPEC and non-OPEC producers, an influential energy alliance known as OPEC+, will convene in Vienna, Austria on Dec. 4 to decide on the next phase of production policy. Jeff Currie, global head of commodities at […]
For a third day, oil gained as industry data indicated US crude stockpiles were substantially drawn down, and the next OPEC+ meeting approached, where it is expected the Cartel will impose another production cut to […]
Last week we saw oil prices dump and pump on rapidly denied rumors (reported by WSJ) of an OPEC production hike. At the time we tweeted our expectations… Fast forward a few days and we […]
OPEC and its allies will monitor oil market conditions and the supply-demand balance in its upcoming Dec. 4 meeting, Iraq’s national representative to OPEC said Nov. 26, as the coalition seeks to stem a price […]
DUBAI, Nov 21 (Reuters) – Saudi Arabian energy minister Prince Abdulaziz bin Salman said the kingdom is not discussing a potential oil output increase with other OPEC oil producers, state news agency SPA reported, denying […]
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