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OPEC- energynewsbeat.com
Crude Oil News

OPEC Kingpins Warn About World’s Dwindling Energy Capacity

May 15, 2022 Stu Turley

The oil ministers of Saudi Arabia and the United Arab Emirates warned that spare capacity is decreasing in all energy sectors as producers slash investment, causing everything from crude to diesel and natural gas to […]

OPEC Raises Oil Production By Just 57000 Bpd In March
Crude Oil News

OPEC Raises Oil Production By Just 57,000 Bpd In March

April 15, 2022 Stu Turley

OPEC raised its oil production by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core OPEC members of the Middle […]

Whos talking climate change now energy producers say.
International News

‘Who’s talking climate change now?’ energy producers say

April 4, 2022 Mariel Alumit

Proponents of fossil fuel production hit back against efforts to tackle the climate crisis by urgently phasing out the burning of hydrocarbons, as the Russian invasion of Ukraine severely disrupts energy supplies. A series of […]

2022-03-18_tscbm3vkqc
International News

OPEC’s Best Kept Secret Will Soon Be Revealed

March 22, 2022 Mariel Alumit

Russia’s invasion of Ukraine has sent oil prices soaring and could soon deprive oil markets of more than four million barrels of Russian oil. For decades, OPEC has been looked to in times of crisis […]

OPEC - ENB
Crude Oil News

OPEC+ struggles to pump more oil to meet rising demand

October 20, 2021 Mariel Alumit

 OPEC and its allies struggled again to pump enough oil in August to meet global demand as it recovers from the coronavirus pandemic, potentially adding to upward pressures on oil prices. Several OPEC+ members such […]

U.S. coal exports
EIA News

New UAE-based crude oil futures contract introduced in March

August 26, 2021 Andy Del Prado

Source: Graph by the U.S. Energy Information Administration, based on data from Dubai Mercantile Exchange (DME); CME Group; Intercontinental Exchange, Inc. (ICE); and ICE Futures Abu Dhabi (IFAD), as compiled by Bloomberg L.P. On March 29, […]

Commodities

The Bulls vs the Bears on Oil Prices with the OPEC + deal signed – Experts are split – Who is right?

July 19, 2021 Stu Turley

Well, we are in historic times with pandemics, countries printing money, and inflation. If that does not make your head hurt, commodities pricing will. The important deal with OPEC + and the UAE is an […]

Aramco oil processing facility at the Abqaiq oil field
Crude Oil News

OPEC+ to Boost Oil Output After Saudi-UAE Compromise Deal

July 18, 2021 Stu Turley

The unusually public dispute that tested the unity of the cartel was resolved in a classic compromise — with Riyadh meeting Abu Dhabi halfway in its demand for a more generous output limit. “Consensus building […]

opec energynewsbeat
Commodities

OPEC+ Calls Meeting for Sunday After Progress Toward Deal

July 17, 2021 Stu Turley

OPEC+ has called a meeting on Sunday, delegates said, after the group made significant progress toward resolving a standoff with the United Arab Emirates that had blocked a deal to boost output. The online conference […]

Turkey to launch mini solar tenders in 2 months - energy minister says - EnergyNewsBeat
Electrical Generation / Utilities

Middle East adding solar capacity despite some delays, rising polysilicon costs

July 11, 2021 Stu Turley

The Middle East is moving ahead with solar projects, seeking to pass on soaring polysilicon costs, even as some plans have been delayed due to the pandemic, the region’s solar industry trade group said in […]

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