News Topics: OPEC

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OPEC Moves To Cap Nigerian Oil Output, Boost Compliance
Monday, July 24, 2017 OPEC moved to cap Nigerian oil output and called on several members to boost compliance with production cuts.

OPEC, Russia to Stand Pat on Oil Deal Even as Glut Persists
Friday, July 21, 2017 OPEC and Russia's plan to clear the global oil glut hasn't worked as they hoped, but there's little expectation the world's largest producers will act more aggressively when they meet this weekend.

Top Oil Buyer's Demand in Peril as OPEC Wrestles Over Output
Wednesday, July 19, 2017 Oil bulls grappling with OPEC's weakened resolve to curb output are also having to worry about waning demand.

OPEC Just Lost a Kitten From Its Unruly Herd of Cats: Gadfly
Tuesday, July 18, 2017 Saudi Arabia is having problems herding cats.

OPEC's First 2018 Outlook Shows It's Pumping Too Much Oil
Wednesday, July 12, 2017 OPEC's first assessment of world oil markets in 2018 showed that, despite cutting output, the group is still pumping too much crude.

Oil Fields Pumping a Third of Supply Die Fastest in 24 Years
Monday, July 10, 2017 The tussle for supremacy between OPEC and U.S. shale drillers is killing off older oil fields at the fastest pace in almost a quarter century. That could hurt the industry once the current glut has faded.

OpEd: OPEC Production Cuts Fail, Markets Pay for Underestimating US Shale
Tuesday, June 27, 2017 The next round of cuts to the oil and gas industry may slash the North American rig count.

Traders Test OPEC 'Whatever It Takes' Resolve To Defend Oil Price
Thursday, June 22, 2017 When OPEC leader Saudi Arabia pledged in May to do 'whatever it takes' to defend world oil prices, it didn't expect the market to be testing its resolve just one month later.

Commodity Weekly: OPEC Cuts not Cutting It
Friday, June 16, 2017 The fall in oil prices over the past week is indicative of the consensus view that the coordinated output cut among OPEC and non-OPEC is inadequate.

Oil Guru Who Foresaw Crash Says OPEC Should Have Cut Deeper
Thursday, June 15, 2017 The oil guru who predicted the market rout in 2014 said OPEC and its allies should have gone much further when they extended their supply deal last month.

WoodMac: Iraq's 2017 Target for Oil Expansion Within Reach
Thursday, June 15, 2017 Iraq's ambition to boost oil-output capacity to a record is "not unrealistic" as the country prepares for the end of OPEC-mandated supply limits, consultants Wood Mackenzie say.

The Lonely Drifting Oil Tanker That Signals OPEC's Struggle
Tuesday, June 13, 2017 Across the world, the plight of the Saiq, now idling off the coast of Mauritania, reflects a broader trend in the physical oil market.

Traders Keep Oil In Asian Storage For Later, Undermine OPEC Supply Cuts
Tuesday, June 13, 2017 A 10% decline in oil prices since late May could push traders to keep crude in storage, looking to sell down the line when forward prices are higher.

Op-Ed: Global Oil Market Trends, US Production Stump OPEC Strategy
Tuesday, June 06, 2017 Crude oil demand will have to put supply in its place before prices will manage a sustainable rally.

Russia's Novak Says Close Cooperation With OPEC To Bring Up New Projects
Tuesday, May 30, 2017 Russian Energy Minister Alexander Novak says that better relations with the OPEC group have opened up a possibility for new joint projects.

OPEC Oil Cut Extension Renews Asia's Crude Supply Worries
Friday, May 26, 2017 In physical markets, where tankers can take weeks or months to deliver crude oil, refiners want to know if they will be forced to search for new suppliers.


 
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