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Tag Archives: OPEC

OPEC: signs of a major oil shortage

The three major health determinants of today's oil industry are 1) global demand, 2) US production, and 3) OPEC production. Every month, OPEC as an organization publishes its own forecast for the appearance of the oil industry, and although it does not forecast its own production as a team, they give a look at the last few months when market …

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Will Russia give up the OPEC + Oil Deal?

One and a half months before OPEC and its allies meet to discuss how to proceed with their production cut-off pact, the chairman of non-OPEC partners sends mixed signals to Russia on their willingness to move forward on the supply agreement. This is nothing new for Russia, which had deteriorated greatly in support of previous production agreements with OPEC since …

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Russia, OPEC can give up oil deal to fight for market share: Russian minister

FILE PHOTO: The Russian Minister of Finance Anton Siluanov attends a meeting during the Week of the Russian Economy in Moscow organized by the Russian Union of Industrialists and Entrepreneurs (RSPP) on March 14, 2019. REUTERS / Maxim Shemetov MOSCOW (Reuters) – Russia and OPEC may decide to boost production to compete for market share with the United States. However, …

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OPEC threatens to kill US slate

The Organization of Petroleum Exporting Countries will once again become an enemy for US shale if the US Congress passes a law called NOPEC or No Oil Producing and Exporting Cartels Act, Bloomberg said this week citing sources at A meeting between a US government and the US Parliament was attended by senior OPEC officials and US bankers. The United …

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oil market aggravates OPEC cuts

The price of oil rose on Tuesday afternoon, when Saudi Arabia pledged further lower price cuts in March, while Russia was the deal's biggest partner and did not stick to the agreed portion of the agreed price cuts. Chart of the Week (Click to enlarge) – According to EIA, US ethane exports rose from almost nothing in 2013 to an …

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Oil Prices Decline on US Drill Rise, Pressure on OPEC Supply Cutbacks By Reuters

© Reuters. FILE PHOTO: An Oil Pump Lifter Pumps Oil in a Field Near Calgary By Henning Gloystein SINGAPORE (Reuters) – Crude oil prices fell about 1 percent on Monday as US drilling activity rose and Russia's largest oil producer printed President Vladimir Putin wants to end the supply-reduction agreement with the producer-club OPEC, which is dominated by the Middle …

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According to Oman oil minister, Trump was not fair to OPEC

The Oil Minister of Oman believes that President Donald Trump has helped OPEC to an undue slump. In contradiction to other golf ministers, Mohammed bin Hamad al-Rumhi emphasized that he wanted to avoid political hostilities with the American head of government and seemed to thank him for his doubts.

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