OPEC

Oil Prices Climb As Cuts Implemented By Opec Are Starting To Have An Effect

From Myra P. Saefong: Crude-oil futures on Tuesday saw mixed trade, with international benchmark Brent crude edging lower after posting gains in each of the last five sessions, while the U.S. benchmark rose amid reports of falling Saudi Arabian...

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Is A Natural Gas Cartel Forming?

Authored by David Woroniuk via Oilprice.com, It has now been over two months since Qatar made the decision to leave OPEC, with many analysts providing informed views on Qatar’s future energy strategy. This article aims to provide an analysis...
Related topics: Qatar

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Washington Eyes Crackdown On Opec

Authored by Nick Cunningham via Oilprice.com, Legislation targeting OPEC is suddenly gaining steam in the U.S. Congress, raising alarm bells for the cartel. On Thursday, the House Judiciary Committee passed a bill that would allow the U.S....

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Us Senate Takes Aim At Opec, But Will It Follow Through?

A bipartisan group of four U.S. Senators introduced legislation that would give the U.S. Department of Justice authority to sue members of the OPEC for antitrust violations. How good are its chances...
Related topics: Senate

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Wti Holds Losses After Inventory Builds Across The Board

WTI turned lower today as traders weighed output cuts from OPEC and its partners against expectations for rising U.S. crude inventories and a slowing US services economy. "My guess would be that some of the refiners may cut back on some of their...

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Us Oil Prices Edge Up As Market Eyes Tighter Supply

U.S. oil prices inched up on Tuesday, buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC. U.S. West Texas Intermediate (WTI) crude futures were at $54.77 per barrel at 0223 GMT, up...
Related topics: Venezuela

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Trump: U.s. Military Intervention In Venezuela 'an Option'

CARACAS (Reuters) - U.S. President Donald Trump said military intervention in Venezuela was "an option" as Western nations boost pressure on socialist leader Nicolas Maduro to step down, while the troubled OPEC nation's ally Russia warned against...
Related topics: Donald Trump, Military, Venezuela, Reuters, Russia

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"it’s Terrible Out There": Lack Of Greater Shale Fools Leaves Private Equity In A...

On one hand the US shale industry has never had it better: following dramatic technological and efficiency improvements in recent years, US oil output is not only at an all time high at 11.9MMb/d, but is the highest of any OPEC or non-OPEC nation in...

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Maduro Says Discussed Oil Market Challenges With Opec Secretary General

MEXICO CITY (Sputnik) - Venezuelan President Nicolas Maduro met late on Tuesday with Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General Mohammed Barkindo, who arrived in Caracas to participate in Maduro’s inauguration on...
Related topics: Mexico

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2019 Could Make Or Break Opec

Authored by Irina Slav via Oilprice.com, When OPEC+ agreed to begin cutting crude oil production again in December, hardly anyone in the cartel thought the effect of the news on prices would be as lackluster as it turned out to be. It took some...

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Alhambra: Nothing To See Here, It's Just Everything

Authored by Jeffrey Snider via Alhambra Investment Partners, The politics of oil are complicated, to say the least. There’s any number of important players, from OPEC to North American shale to sanctions. Relating to that last one, the US...

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Experts Warn Gulf Rift Widening As Qatar Quits Opec

Qatar’s official withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) this week has renewed debate over the rift with its neighbor Saudi Arabia, with some observers saying the move could further complicate the relationship...
Related topics: Qatar, Debate, Saudi Arabia

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Russia Earned Additional $120bln In 2 Years Of Opec-non-opec Deal's Application

MOSCOW (Sputnik) - Russia has earned at least an additional $120 billion over the two years of implementation of the Organization of the Petroleum Exporting Countries (OPEC)-non-OPEC deal on oil production cuts, Russian Energy Minister Alexander...
Related topics: Russia, Moscow

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Opec+ Deal Not Enough To Save The Oil Market

Authored by Nick Cunningham via Oilprice.com, If the goal of the OPEC+ cuts was to boost oil prices, then the deal is clearly failing. OPEC+ is scrambling to figure out a way to rescue oil prices from another deep downturn. WTI is now down into...

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Is Antero Resources A Buy?

The U.S. shale industry is absolutely crushing it right now. Pipelines across the country are operating at maximum capacity because oil and gas production growth has outstripped the pace of pipeline expansion. OPEC and its allies have again pledged...

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Qatar Ambitions Soar After Opec Exit With $20 Billion Us Expansion

After Qatar's historic and unprecedented early December announcement that the small, gas-rich Gulf state will exit OPEC effective Jan. 1 following nearly 60 years of membership, Qatar Petroleum CEO Saad Sherida al-Kaabi announced over the weekend...
Related topics: Qatar

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Oil Prices Move Higher As Traders Pore Over Data Showing A Rise In Monthly Opec Output

From Myra P. Saefong & Rachel Koning Beals: Oil prices moved higher Thursday as traders pored over data showing a rise in monthly OPEC output, as well as a recent report of a weekly decline in U.S. crude supplies and production. Record pumping...

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Iea Wobbles On Impact Of Opec Cuts, Citing Growing Us Production

The International Energy Agency on Thursday released its monthly oil market report for December. The agency expects demand to rise both this year and next. Record-level U.S. production could keep...

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Multipolar World Order In The Making: Qatar Dumps Opec

Authored by Federico Pieraccini via The Strategic Culture Foundation, The decision by Qatar to abandon OPEC threatens to redefine the global energy market, especially in light of Saudi Arabia’s growing difficulties and the growing influence of...
Related topics: Qatar, Saudi Arabia

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Wti Tumbles After Surprisingly Small Crude Draw

Having surged overnight on the heels of a huge API-reported crude draw (don't forget the seasonal incentive to lower taxable inventories), WTI Crude has quickly faded back this morning (despite dollar weakness) as OPEC dats this morning suggests a...

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