OPEC production went up in August as a response to a 2018 high as Libyan output rebounded and Iraq’s southern outlets hit a record. The
Tag: OPEC
Market Update: Iraq Boosts Oil Production to Record Levels
il exports from southern Iraq are about to hit another record high this month, two industry experts said. Iraqi Oil Minister Jabar al-Luaibi said over
Expert Analysis: Navigating the Storm – ‘OPEC+’ Producers Facing Lower Oil Prices’
On 22 June 2018, oil ministers from the so-called “OPEC+” countries – which refers to the Organization of Petroleum Exporting Countries members and an alliance
Oil Market Update: Gasoline Prices Too High for American Drivers
US oil prices went up again after Saudi Arabia said it was not planning to inundate the market with oil to drive price lower and
Market Update: Tehran Signals Compromise with OPEC’s Output Increase Plan
Iran hinted that it would agree to a compromise on a small boost in OPEC production during the cartel’s meeting last Friday. Saudi Arabia has
OPEC’s Back to Old Days: Squabbling Over Output Boost
OPEC is back in a row mode after an untypical period of agreement. The new squabble is taking place between the cartel’s leader, Saudi Arabia,
Market Update: The World’s Oil Output Rises Again
The oil prices have recently dropped after the United States increased its production level to the highest since March 2015 while Russian oil was also
Global Oil’s Uncertain Future After US Iran Deal Withdrawal
Puneet Parikh (New Delhi, India) US President Donald Trump’s unilateral decision to withdraw from the Iran nuclear accord could increase the unpredictability of the world’s
Market Update: OPEC’s Oil Output Freeze Deal Compliance High
OPEC oil production dropped to 13-month low due to falling Venezuelan output, Nigerian outages and strong compliance with the output freeze deal. The cartel is
US Venezuela Sanctions to Affect Global Oil Prices More Than Iran Deal Withdrawal
New US sanctions on Venezuela’s crude output are expected to have a more negative impact on the country’s production and global supply than sanctions on