A big unilateral cut by Saudi Arabia enabled Opec-plus to post the highest compliance rate so far with the oil production cuts it began implementing last May. The Saudis lowered their production by 979,000 barrels […]
India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle East after OPEC+ decided last week to largely continue production cuts in April, two […]
International oil prices rose after OPEC and its allies ignored India’s plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year. Brent crude, the […]
Energy News Beat Publishers Note: David Ramsden Wood hits it out of the park this morning. While David’s friends call him “DRW”, he is most known for speaking his mind. Personally, I think the DRW […]
OPEC+’s surprise move to keep a lid on crude exports is hitting oil tanker owners afresh. Shares of owners giant supertankers including Frontline Ltd., International Seaways Inc. and DHT Holdings Inc. all fell late Thursday […]
Saudi Arabia just made a high-stakes wager that the glory days of U.S. shale, which transformed the global energy map in the last decade, are never coming back. By keeping a tight grip on supply […]
Energy News Beat Publishers Note: Should be fun watching the political discussions around the world on the OPEC + meetings today, and the impact on tomorrow’s OPEC meeting. The Energy News Beat team is looking […]
The Opec+ alliance will meet tomorrow at 14:00 CET to discuss whether and how to amend the group’s production quotas from next month. The quotas were reduced to 7.05mn b/d below an October 2018 baseline […]
no recommendation from the JMMC #OOTT #Opec — Amena Bakr (@Amena__Bakr) March 3, 2021 Energy News Beat Publishers Note: Update from Rystad Energy and Amena Baker from Twitter. The Iran’s oil minister Zanganeh will […]
Energy News Beat Publishers Note: Get the popcorn for Thursday and Friday. I am not taking bets on oil cuts/increases/remain the same. Reports are coming out in every different direction. The global oil market is […]
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