Energy News Beat Publishers Note: It is a good thing for India to voice its concern before Thursday and Friday’s meetings of OPEC. The policies for price manipulation have been tough to enforce, and increased […]
Imports from Opec members averaged 336,000 b/d in December, down by 237,000 b/d from the previous month and a decline of nearly 1mn b/d from a year earlier. It marked the lowest monthly average for […]
OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks […]
Saudi Arabia and Russia are once again heading into an OPEC+ meeting on opposite sides of a crucial debate about the oil market. Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices […]
Saudi Arabia plans to increase its oil output in the coming months, reversing a recent big production cut, say advisers to the Kingdom, a sign of growing confidence over an oil-price recovery. The world’s largest […]
Saudi Arabia urged fellow members of the OPEC+ oil alliance to remain cautious as they prepare to consider further output increases. Crude prices have rebounded to a one-year high above $60 a barrel in New […]
France’s supermajor Total is warning that the world could find itself with a shortfall of supply of 10 million barrels per day (bpd) between now and 2025, due to continued underinvestment in the industry, the […]
Iraq said the OPEC+ oil cartel is unlikely to change its production policy at next month’s meeting and repeated promises to deliver overdue output cuts, even as the Arab nation’s economy reels. The group of crude […]
Energy News Beat Publishers Note: Compliance and accountability will be key for the stability of world oil prices. As stated below “Compliance is measured in average barrels per day from the beginning of May to […]
Highlights Iran’s output now about 2.1 mil b/d: S&P Global Platts Market seems to be in balance after OPEC+ cuts: Zamaninia Oil minister Zanganeh defers on OPEC’s next quotas The oil market could absorb more […]
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