A majority of OPEC+ members including Saudi Arabia were opposed to increasing oil output again next month, while Russia was proposing the maximum supply hike allowed by the group’s agreement. The difference of opinion between […]
ENB Publishers Note: We expect cuts to be implemented as the COVID-19 cases continue to rise around the world, despite vaccine rollout. Follow Energy New Beat’s LIVE daily show at 2 PM MST everyday for […]
OPEC warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider whether to increase production. “The outlook for the first half of 2021 […]
Iranian energy companies have agreed deals worth $1.2 billion to raise the nation’s crude output, state-run National Iranian Oil Co. said. The signings were initially meant to take place on Monday in Tehran in the […]
Russian oil and gas condensate output declined to 10.27 million barrels per day (bpd) last year, according to energy ministry data cited by the Interfax news agency MOSCOW: Oil production in Russia declined last year […]
The pummeling received by the oil market in 2020 and a subsequent slump in the valuations of energy stocks is well documented. As the Covid-19 global pandemic triggered an economic downturn – following national lockdowns, […]
OPEC+ will meet on 4 January to discuss market developments and determine production levels Russia and Saudi remain committed to the OPEC+ deal on production cuts, said Russian Deputy Prime Minister Alexander Novak, the nation’s […]
Energy News Beat Publishers Note: Fossil fuels will be around a while. The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world’s […]
Energyworld MOSCOW, Russian central bank said on Thursday that OPEC+, the group of leading oil producing countries, may delay a planned increase in oil output from Jan. 1, 2021 as the pandemic has negatively impacted the economic outlook and oil […]
Energy News Beat Publishers Note: This will be one to watch – OPEC can not control their members – and Turkey, Venezuela, and Libya need cash. Is this the end of OPEC’s control of world […]
Copyright © 2025 | Sandstone Group