Saudi Arabian Crown Prince Mohammed bin Salman announced that his country would limit the current oil production beyond a deal among both OPEC and non-OPEC
Tag: OPEC
Market Update: Russia to Boost Oil Production in 2018 Despite OPEC Output Deal
Russian Energy Minister Alexander Novak said earlier this week that Russia would boost its oil production next year even if the global deal to cut
Oil Market Update: Compliance with OPEC’s Production Cut Deal ‘Extremely High’
The global oil market is stabilizing thanks to the full compliance of the OPEC countries to the cartel-administered deal that seeks to curb supply in
OPEC Head Urges All Producers to Join Production Cuts
OPEC’s Secretary General Mohammed Barkindo urged US shale oil companies to help curb global oil supply warning that the market might need to be rebalanced
Market Analysis: The Resurgence of US Shale Oil and Its Global Implications
United States’ production of light tight oil (LTO, commonly known as “shale oil”) has gone through a rapid expansion between 2010 and 2014, thus becoming
Saudi Arabia “Flexible” on Oil Output Freeze Deal Extension
Saudi Arabia said it was flexible regarding the extension of a deal between OPEC, Russia and other producers on cutting oil supplies until the end
OPEC’s Output Freeze Starts to Be Working as Consumptions Rises
OPEC predicts higher demand for its crude oil in 2018 in response to increasing global consumption. The cartel also commented that the oil market was
Libya’s Rising Output Disturbing OPEC’s Attempts to Tame Supply
Output from Libya’s largest oil field Sharara has returned back to normal after it was disrupted by riots and armed demonstrations in the city of
Market Update: Libya Adds More Oil Challenging OPEC’s Output Freeze
OPEC oil production went up in July by 90,000 barrels per day (bpd) to a 2017 high, driven by a recovery in supply from Libya.
Between a Rock and a Hard Place: For OPEC, the Struggle is Real
Eckart Woertz (Barcelona Center for International Affairs – CIDOB) In December last year, OPEC’s three largest oil producers managed to find common ground on the