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OPEC

Home›Category: "OPEC"
  • OPEC
    By Loriann Hicks
    May 17, 2022
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    Nigeria’s oil production drops to 1.2 mbd in April 2022

    Nigeria’s crude oil production fell to an average of 1.219 million barrels per day (mbpd) in April 2022, down 1.53% from the 1.238 mbpd recorded the ...
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  • OPEC
    By Loriann Hicks
    May 15, 2022
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    OPEC allows Iraq to increase production to 4.5 million barrels per day

    Iraq’s representative to OPEC said the organization had agreed to the country increasing production to 4.5 million barrels of oil per day (bpd) from June, the ...
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  • OPEC
    By Loriann Hicks
    May 13, 2022
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    OPEC Heavyweight UAE President Dies

    The President of the United Arab Emirates (UAE), Sheikh Khalifa bin Zayed Al Nahyan, died on Friday, the official news agency of OPEC’s third-largest producer reported. ...
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  • OPEC
    By Loriann Hicks
    May 12, 2022
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    US politicians can’t handle the truth about OPEC

    To quote Jack Nicholson as Colonel Nathan Roy Jessup in A Few Good Men: When it comes to the OPEC oil cartel, American politicians can’t handle ...
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  • OPEC
    By Loriann Hicks
    May 10, 2022
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    Sound alarm from the kingpins of OPEC | Rigzone

    The oil ministers of Saudi Arabia and the United Arab Emirates have warned that spare capacity is shrinking across all energy sectors, as commodities ranging from ...
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  • OPEC
    By Loriann Hicks
    May 6, 2022
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    Senate panel advances anti-OPEC bill as Democrats face ‘increasing inflation threat’

    The Senate Judiciary Committee on Thursday voted 17-4 in favor of a bipartisan bill that would expose the Organization of the Petroleum Exporting Countries and its ...
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  • OPEC
    By Loriann Hicks
    May 5, 2022
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    OPEC+ sticks to modest increase in oil output despite rising prices

    OPEC+ to increase production by 432,000 bpd from June OPEC says Chinese lockdowns are hitting demand No discussion on EU embargo on Russian oil LONDON, May ...
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  • OPEC
    By Loriann Hicks
    May 4, 2022
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    Why OPEC+ keeps agreeing to oil production increases it can’t meet

    The Organization of the Petroleum Exporting Countries and its allies are expected to deliver another modest increase in their production target on Thursday – and once ...
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  • OPEC
    By Loriann Hicks
    May 2, 2022
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    WTI settles above $105.00 as focus shifts to OPEC meeting

    WTI rose above $105.00 after falling to near $100.00 as supply issues loom. The decline in strategic oil reserves in the United States will further drive ...
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  • OPEC
    By Loriann Hicks
    April 30, 2022
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    Germany drops opposition to Russian oil embargo

    Oil prices rose for the fourth day in a row as concerns over Russian supply disruptions outweighed expectations of reduced demand in China. Brent Crude climbed ...
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  • OPEC
    By Loriann Hicks
    April 29, 2022
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    Polytetrafluoroethylene (PTFE) Market – Growth, Trends, Impact of COVID-19 and Forecast (2022)

    ReportLinker The polytetrafluoroethylene (PTFE) market size was estimated to be over 156 kilotons in 2021, and the market is expected to register a CAGR of over ...
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  • OPEC
    By Loriann Hicks
    April 27, 2022
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    Oil price rises as OPEC predicts strong demand growth

    Figures from the organization showed Brent rose $0.77 or 0.72% to $107.57/barrel. According to the organization, geopolitical tension in Eastern Europe is playing a major role ...
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  • OPEC
    By Loriann Hicks
    April 25, 2022
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    Russian oil bans in the EU could strangle the world

    Reading time: 3 minutes The war in Ukraine is transforming global geopolitics and the dynamics of crude oil. On the geopolitical front, the United States has ...
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  • OPEC
    By Loriann Hicks
    April 24, 2022
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    Nigeria’s crude oil production rigs fall 37.5%, OPEC says

    the The number of functional crude oil production rigs in Nigeria fell by 37.5% to just 10 operational rigs in March 2022, the Organization of the ...
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  • OPEC
    By Loriann Hicks
    April 22, 2022
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    Chinese oil demand expected to fall by 1.2 million barrels per day in April

    Oil demand from the world’s largest crude oil importer, China, is expected to decline by 1.2 million barrels per day (bpd) in April from a year ...
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  • OPEC
    By Loriann Hicks
    April 20, 2022
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    Libyan unrest becomes force majeure, market shortage increases?

    Political crisis Tripoli – Haftar on the rise The country is once again hit by political wrangling as the country’s two main parties battle for power. ...
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  • OPEC
    By Loriann Hicks
    April 17, 2022
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    OPEC edged higher as bearish news mounts

    This week finally saw good news for oil consumers. OPEC and the International Energy Agency lowered their demand forecasts, suggesting that prices finally had significant downside ...
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  • OPEC
    By Loriann Hicks
    April 13, 2022
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    Shares of ONGC and Oil India jumped as much as 4% during the day as OPEC cuts oil demand growth in 2022; brokerage sees more than 60% upside in both stocks

    zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how ...
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  • OPEC
    By Loriann Hicks
    April 12, 2022
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    OPEC raises oil production by just 57,000 barrels a day in March

    OPEC raised oil output by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases ...
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  • OPEC
    By Loriann Hicks
    April 10, 2022
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    Oil magic: President Buhari’s letter to the National Assembly

    LAST week, Major General Muhammadu Buhari (Retired) wrote to the National Assembly asking that the Medium Term Expenditure Framework and, by extension, the 2022 Federal Budget ...
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  • OPEC
    By Loriann Hicks
    April 8, 2022
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    Inflation eats up gas and grocery budgets

    Q&A: Inflation Gobbles Up Gas and Grocery Budgets With US Senator Chuck Grassley Q: What concerns do you hear about most in Iowa? A: Undoubtedly, skyrocketing ...
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  • OPEC
    By Loriann Hicks
    April 5, 2022
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    Kuwait government, OPEC heavyweight, resigns

    Kuwait’s government resigned on Tuesday as the political stalemate in one of OPEC’s biggest producers deepened ahead of a vote of no confidence in parliament. Kuwaiti ...
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  • OPEC
    By Loriann Hicks
    April 5, 2022
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    Canada’s oil boom is limited by labor shortages

    While $100 oil is prompting increased production in the Canadian crude-producing province of Alberta, the ramp-up in production is being held back by an all-too-familiar problem ...
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  • OPEC
    By Loriann Hicks
    April 4, 2022
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    OPEC increases Nigeria’s quota – :::…The Tide News Online :::…

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed sadness over the diversion of petroleum products destined for southeastern states to other parts of the ...
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  • OPEC
    By Loriann Hicks
    April 1, 2022
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    Chevron named in monstrous antitrust lawsuit claiming big oil conspired with Russia and OPEC to limit production | News

    Two dozen individual consumers filed a massive lawsuit last Monday in federal court in San Francisco alleging an antitrust conspiracy two years ago by major oil ...
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  • OPEC
    By Loriann Hicks
    March 31, 2022
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    Ukraine-Russia War: Live News and Updates

    Farmers spend more to operate their tractors and combines. Shipping and trucking companies are passing the higher costs on to retailers, who are beginning to pass ...
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  • OPEC
    By Loriann Hicks
    March 29, 2022
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    OPEC, Russia and Quad: the Gulf powers and India ignore America, Japan and the United Kingdom

    OPEC, Russia and Quad: the Gulf powers and India ignore America, Japan and the United Kingdom Kanako Mita and Lee Jay Walker Modern Tokyo Time The ...
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  • OPEC
    By Loriann Hicks
    March 26, 2022
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    Stocks to Watch: Investor Jobs Report, OPEC Meeting and EV Reports

    Get a head start on the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the week ahead. The ...
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  • OPEC
    By Loriann Hicks
    March 24, 2022
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    Opinion: What would it take for US oil companies to increase production? Many.

    Even with oil prices above $100 a barrel and gas prices averaging above $4 a gallon at the pump, frackers show little interest in increasing production. ...
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  • OPEC
    By Loriann Hicks
    March 22, 2022
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    Nigeria: Former Opec scribe urges host communities to view investors as partners

    A former Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), King Edmund Daukoru, has urged host oil communities to support investors and companies ...
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  • OPEC
    By Loriann Hicks
    March 21, 2022
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    Brazil cannot add oil to the market

    During this decade, Brazil plans to gradually add 3 million barrels a day of oil and gas to its production, but cannot accelerate those plans to ...
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  • OPEC
    By Loriann Hicks
    March 18, 2022
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    OPEC fund grants $233 million for global economy

    By Adedapo Adesanya The Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development has approved $233 million in new funding to support economic recovery, ...
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  • OPEC
    By Loriann Hicks
    March 15, 2022
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    War in Ukraine threatens oil demand and investment, says OPEC

    Grant Smith 03/15/2022 (Bloomberg) – Russia’s invasion of Ukraine threatens to intensify a surge in global inflation, hurting oil demand and investment, the Organization of the ...
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  • OPEC
    By Loriann Hicks
    March 14, 2022
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    War in Ukraine and OPEC production limits pushed gasoline prices in February to their highest level in eight years – The Market Herald

    Subscribe Be the first with news that moves the market According to the ACCC, gasoline prices (both international refined and average retail) reached their highest level ...
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  • OPEC
    By Loriann Hicks
    March 12, 2022
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    Africa’s 125 billion oil reserves at risk – OPEC – Nigeria – The Guardian Nigeria News – Nigeria and World News

    The energy transition threatens 16 tscm of gas The Organization of the Petroleum Exporting Countries (OPEC) has warned that the continued push against hydrocarbons could threaten ...
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  • OPEC
    By Loriann Hicks
    March 10, 2022
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    A Complete Guide to the Organization of the Petroleum Exporting Countries (OPEC)

    What is OPEC? The Organization of the Petroleum Exporting Countries (OPEC) is a group of 13 of the world’s largest oil exporting countries. It was ...
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  • OPEC
    By Loriann Hicks
    March 9, 2022
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    Nigeria’s oil minister says he expects his country to meet OPEC quota by the end of the year -CERAWeek

    Band Arathy Somasekhar March 8 (Reuters) – Nigeria’s Minister of State for Petroleum Resources, HE Chief Timipre Marlin Sylva, said on Tuesday he expects the country ...
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  • OPEC
    By Loriann Hicks
    March 3, 2022
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    Despite conditions, OPEC is sticking to its plan

    At its last monthly meeting on March 2, OPEC cited a “well-balanced market” in making the decision to maintain a production plan approved in April 2020 ...
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  • OPEC
    By Loriann Hicks
    March 2, 2022
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    Stable US oil production; OPEC-Plus sticks to modest production plan even as war in Ukraine rages

    Despite strong demand and a raging war in Ukraine that could disrupt global supply, U.S. crude producers kept the production line going through the last week ...
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  • OPEC
    By Loriann Hicks
    March 1, 2022
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    Oil price tops $105 a barrel ahead of OPEC+ meeting

    The world price of oil rose above $105 a barrel ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, ...
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  • OPEC
    By Loriann Hicks
    February 28, 2022
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    Putin’s war in Ukraine could shatter the OPEC+ alliance

    OPEC+ cooperation is facing a possible breakdown following Russia’s military invasion of Ukraine. Russia’s aggressive military moves towards Ukraine will negatively impact oil market cooperation between ...
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  • OPEC
    By Loriann Hicks
    February 26, 2022
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    Week Ahead: Russia/Ukraine Conflict, OPEC, Central Banks and NFPs

    Will the war continue this week? Or will world leaders convince Russian President Putin and Ukrainian President Zelensky to meet for negotiations? Russia invaded Ukraine last ...
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  • OPEC
    By Loriann Hicks
    February 24, 2022
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    Oil’s journey over $100 a barrel worthless during the pandemic

    Oil’s journey from worthless during the pandemic to $100 a barrel In July 2020, just months after the COVID-19 pandemic began spiraling out of control, Shell ...
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  • OPEC
    By Loriann Hicks
    February 22, 2022
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    The second quarter weighs on oil prices

    Armored personnel carrier (APC) of the 92nd Separate Mechanized Brigade of the Ukrainian Armed Forces … [+] move to park at their base near the village ...
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  • OPEC
    By Loriann Hicks
    February 20, 2022
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    Saudi Arabia increases oil production to 10 million barrels per day

    Sunday February 20, 2022 3:12 p.m. Saudi Arabia’s crude oil production has soared to more than 10 million barrels per day (bpd) according to data from ...
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  • OPEC
    By Loriann Hicks
    February 18, 2022
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    OPEC, NNPC and Other Stakeholders to Discuss Upstream Gas Investments at Nigeria Energy Forum

    FILE PHOTO – A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen ahead of a news conference at OPEC headquarters in ...
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  • OPEC
    By Loriann Hicks
    February 16, 2022
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    Forecasters have no idea of ​​the real evolution of oil demand

    Since the Paris Agreement in 2015, the oil market and investors have seen a growing gap between the highest and lowest demand scenarios from major forecasting ...
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  • OPEC
    By Loriann Hicks
    February 15, 2022
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    Barkindo wins a special award for his achievements – SoundiataPost

    Dr. Mohammad Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) received a special award at the Egypt Petroleum Show (EGYPS) 2022 for ...
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  • OPEC
    By Loriann Hicks
    February 13, 2022
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    Nigeria: Government rejects two shipments of adulterated gasoline imported from Belgium

    Following the circulation of adulterated gasoline in Nigeria, which damaged vehicle engines last week, the federal government turned away two tankers carrying loaded gasoline in Antwerp, ...
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  • OPEC
    By Loriann Hicks
    February 12, 2022
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    OPEC production issues push oil prices higher

    Saturday February 12, 2022 / 04:50 / by Tom Kool of Oilprice.com / Header image credit: Oilprice.com News of an “imminent” nuclear deal with Iran sent ...
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  • OPEC
    By Loriann Hicks
    February 10, 2022
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    Freight from Saudi ports up 5% in January

    LONDON: OPEC said on Thursday that its already strong forecast for global oil demand in 2022 showed upside potential, as the global economy shows a strong ...
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  • OPEC
    By Loriann Hicks
    February 8, 2022
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    Press release | Press Releases | Writing

    02.08.22 It’s about preserving and creating jobs in Louisiana, not sending them elsewhere WASHINGTON- US Senator Bill Cassidy, MD (R-LA), today had harsh words with Laura ...
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  • OPEC
    By Loriann Hicks
    February 7, 2022
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    CBRN Gloves Market Size 2022 and Analysis by 2029

    New Jersey, United States,-The report attempts to offer an accurate and high-quality analysis of the global CBRN Gloves Market, keeping in view market forecast, competitive intelligence, ...
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  • OPEC
    By Loriann Hicks
    February 4, 2022
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    Biden’s energy policies are ‘hard to understand’, says Alberta premier

    Prime Minister Jason Kenney said it’s hard to fathom Biden turning to OPEC for more oil after the cancellation of the Keystone XL pipeline. Alberta Premier ...
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  • OPEC
    By Loriann Hicks
    February 3, 2022
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    OPEC and allies remain cautious

    FRANKFURT, Germany — The OPEC oil cartel and allied producing nations are sticking to cautious increases in the amount of oil they send to the global ...
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  • OPEC
    By Loriann Hicks
    February 1, 2022
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    Oil revenue plunges as Nigeria misses OPEC’s January quota

    Posted February 2, 2022 • FG officials blame vandalism, delay in PIA implementation, etc. Nigeria missed its crude oil production target for January 2022, pumping 1.46 ...
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  • OPEC
    By Loriann Hicks
    January 31, 2022
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    Major oil producers to meet amid record crude prices

    LONDON — The world’s major oil-producing nations will meet on Wednesday to discuss a further increase in production, as crude prices hit seven-year highs, rocked by ...
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  • OPEC
    By Loriann Hicks
    January 29, 2022
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    Oil from Guyana: the price is right… for now

    Once upon a time, the price of sugar on the world market was closely watched by Guyana’s largest industry. Now that the dollar value of oil ...
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  • OPEC
    By Loriann Hicks
    January 27, 2022
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    Valero bullish on 2022 refining margins as product demand continues to recover

    Strong points Demand for products has exceeded pre-pandemic levels Valero’s first quarter run rates down in all regions due to turnaround activity Rough market tightness is ...
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  • OPEC
    By Loriann Hicks
    January 26, 2022
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    Gasoline prices 4 cents lower than a month ago

    Rhode Island’s average gas price is down 1 cent from last week, averaging $3.34 per gallon. Monday’s price is 4 cents lower than a month ago ...
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  • OPEC
    By Loriann Hicks
    January 24, 2022
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    Soaring gas prices will boost profits for India’s biggest company

    Reliance Industries expects the global natural gas crisis and rising gas prices to continue to benefit the Indian oil-to-telecoms conglomerate with more profits in the coming ...
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  • OPEC
    By Loriann Hicks
    January 22, 2022
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    Nigeria lost 74.51 billion naira in oil revenue in December, OPEC says

    Posted January 23, 2022 A The new monthly report from the Organization of the Petroleum Exporting Countries showed a drop in Nigeria’s crude oil production in ...
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  • OPEC
    By Loriann Hicks
    January 21, 2022
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    Azerbaijan and OPEC discuss future cooperation

    Azerbaijani Foreign Minister Jeyhun Bayramov and Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo discussed cooperation prospects in Vienna, Austria, the ...
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  • OPEC
    By Loriann Hicks
    January 19, 2022
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    Emirates News Agency – OPEC Fund provides $35m loan to Vietnam to support SMEs

    Wed 19-01-2022 10:54 VIENNA, 19th January, 2022 (WAM) — The OPEC Fund is providing a $35 million loan to the Joint-Stock Commercial Bank of Southeast Asia ...
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  • OPEC
    By Loriann Hicks
    January 17, 2022
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    Oil production in Libya rebounds | OilPrice.com

    Libya’s crude oil production rebounded to 1.2 million barrels per day, according to the country’s oil minister, Mohammed Oun. Speaking to Bloomberg, Oun said Libya’s crude ...
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  • OPEC
    By Loriann Hicks
    January 15, 2022
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    “You are all over the map”

    A prominent economist confronted Sean Hannity on Friday over the Fox News host’s claims about US energy production under Biden versus Trump administrations. On his Friday ...
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  • OPEC
    By Loriann Hicks
    January 13, 2022
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    Commodity Trader King Eyes $200 Oil | Rigzone

    A hedge fund managed by commodities trader Doug King posted record performance last year, helped by soaring prices for energy, food, electricity and freight. King’s $244 ...
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  • OPEC
    By Loriann Hicks
    January 11, 2022
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    U.S. EIA Sees Global Oil Stock Strengthening Thanks to Rising OPEC, U.S. Supply

    Strong points United States to adopt pre-pandemic exit by 2023 EIA says OPEC has a lot of spare capacity U.S. gasoline prices will remain a challenge ...
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  • OPEC
    By Loriann Hicks
    January 9, 2022
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    On pilgrimage tour, OPEC Secretary General visits the city of Ur in Iraq

    Ur, Nasiriya, Iraq, January 9, 2022 – OPEC Secretary General HE Mohammad Sanusi Barkindo and an accompanying delegation visited the ancient city of Ur in Nasiriya, ...
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  • OPEC
    By Loriann Hicks
    January 7, 2022
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    Oil surged on robust OPEC demand optimism and supply disruptions in Kazakhstan and Libya

    Oil (WTI-Jan Exp) hit a 5-week high around 80.45 on Friday morning and is heading for its third weekly advance as the market braces for a ...
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  • OPEC
    By Loriann Hicks
    January 6, 2022
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    PHOTOS: Barkindo visits Iraq ahead of OPEC’s 60th anniversary commemoration

    Mohammad Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), visited the Al-Shaab Hall in Baghdad, capital of Iraq. Barkindo visited the room ...
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  • OPEC
    By Loriann Hicks
    January 4, 2022
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    OPEC optimism rises, but a massive sell-off could be ahead

    Meanwhile, RBC’s Croft warns of geopolitical tensions: File Image / Pixabay Oil prices on Tuesday benefited from another session of gains, propelled by the Organization of ...
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  • OPEC
    By Loriann Hicks
    January 3, 2022
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    Oil climbs as Libyan production slumps ahead of Bloomberg’s OPEC + supply meeting

    © Reuters. Oil climbs as Libyan production slumps ahead of OPEC + supply meeting (Bloomberg) – Oil rose as Libyan supply tightened ahead of an OPEC ...
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  • OPEC
    By Loriann Hicks
    December 31, 2021
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    2022 could be a great year for OPEC + producers

    OPEC + has done surprising things over the past two years. First, he broke up at the start of the pandemic with his two leaders – ...
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  • OPEC
    By Loriann Hicks
    December 30, 2021
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    OPEC + should stick to existing production policy at Jan. 4 meeting, sources say

    OPEC and its allies are likely to stick to their current policy of modest monthly increases in oil production at a meeting next week, four sources ...
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  • OPEC
    By Loriann Hicks
    December 28, 2021
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    Nigeria to remain Africa’s top oil producing country – OPEC – Blueprint Newspapers Limited

    Faced with uncertainties posed by the new Omicron version of COVID-19, Nigeria could retain its first place in crude oil production in Africa until the first ...
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  • OPEC
    By Loriann Hicks
    December 27, 2021
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    Oil prices mixed, US crude drops after COVID-19 flight cancellations

    Oil production in Azerbaijan Vostok | Getty Images Oil prices were mixed on Monday, with Brent rising slightly as U.S. crude futures fell after airlines canceled ...
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  • OPEC
    By Loriann Hicks
    December 24, 2021
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    6 Smart-Beta ETF domains that topped the S&P 500 in 2021

    The “smart beta” approach has become a common theme for the ETF world with regular product introductions based on factors or themes. Put simply, the time ...
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  • OPEC
    By Loriann Hicks
    December 22, 2021
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    Andrea Mitchell’s attack on Biden’s statement on oil prices lacks critical thinking and skews polls

    When the media talks about Republicans, they often use false equivalents. Andrea Mitchell’s attack on Biden’s statement shows bias. Andrea Mitchell should know better Watch Politics ...
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  • OPEC
    By Loriann Hicks
    December 21, 2021
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    SOUTH KOREA DATA: November crude imports increase but short-term throughput is under pressure

    Strong points First quarter spot crude purchases expected to drop amid fragile demand U.S. crude imports increase year-over-year for 8th consecutive month Refiners continue to find ...
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  • OPEC
    By Loriann Hicks
    December 16, 2021
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    The dynamics of the oil market are changing | OPEC

    Earlier this month, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC +, announced their decision to stick to ...
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  • OPEC
    By Loriann Hicks
    December 16, 2021
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    OPEC Fund approves $ 352 million for projects in Africa and other regions

    Several projects in African countries are expected to secure multi-million dollar funding from the OPEC Fund for International Development (OPEC Fund), which aims to boost economic ...
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  • OPEC
    By Loriann Hicks
    December 14, 2021
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    Iranian heavy crude price increases more than 42% in 2021 (OPEC)

    TEHRAN – The average Iranian heavy crude price rose $ 29.34 in 2021 to register a 42.1% increase from the previous year, according to OPEC’s latest ...
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  • OPEC
    By Loriann Hicks
    December 13, 2021
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    Investors see peak demand happening much further into the future

    The recovery in economies this year has led to a robust rebound in demand for oil, refuting some projections since the start of the pandemic in ...
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  • OPEC
    By Loriann Hicks
    December 10, 2021
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    Gas prices continue to rise, commuters see effects

    By Susana Arreola December 10, 2021 Gerald Sastra / The Cougar As gasoline prices continue to rise, students, especially commuters, are affected. Energy economics professor Edward ...
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  • OPEC
    By Loriann Hicks
    December 9, 2021
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    Incomes are up, but Americans focus on inflation

    WASHINGTON – Americans’ overall income has accelerated since the pandemic, but so has inflation – and a new survey finds many more people are noticing higher ...
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  • OPEC
    By Loriann Hicks
    December 7, 2021
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    3 reasons why oil prices rebounded this week

    After a sharp drop that saw oil prices slump below $ 70 / bbl for the first time in months, oil bulls appear to be regaining ...
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  • OPEC
    By Loriann Hicks
    December 6, 2021
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    The coming commodities week: oil in Yo-Yo mode on OPEC, Omicron; Gold over $ 1,700

    Expected to hover between $ 60 and $ 70 a barrel this week as Saudi Arabia and other producers in the OPEC + alliance try to ...
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  • OPEC
    By Loriann Hicks
    December 4, 2021
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    0

    OPEC to continue with oil market supply adjustments, chief says

    MILAN, Dec. 4 (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) will continue to make supply adjustments for the oil market, OPEC’s secretary general ...
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  • OPEC
    By Loriann Hicks
    December 2, 2021
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    0

    OPEC Plus maintains its oil production plans

    When officials from OPEC, Russia and other oil-producing countries met by video conference on Thursday, they had cause for concern. The biggest concerns were whether the ...
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  • OPEC
    By Loriann Hicks
    November 30, 2021
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    0

    OPEC’s increase in oil production in November again falls short of target

    OPEC production increases 220,000 bpd from October Compliance with OPEC + reduction promises drops to 120% Angola and Nigeria among producers unable to meet targets Release ...
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  • OPEC
    By Loriann Hicks
    November 29, 2021
    0
    0

    Croft: OPEC must deal with the impact that the new COVID variant may have on global demand | CNBC News – Oakland News Now

    Oakland News Now – Croft: OPEC must face the impact that the new COVID variant may have on global demand – video made by the YouTube ...
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  • OPEC
    By Loriann Hicks
    November 27, 2021
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    0

    OPEC maple syrup taps into its inventory to make sure your pancakes are covered

    Fear not, pancake lovers. The maple syrup OPEC plans to tap into its stocks of sticky products to cover a shortfall in the breakfast staple. The ...
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  • OPEC
    By Loriann Hicks
    November 25, 2021
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    0

    Oil drops again on OPEC surplus warnings as analysts disagree on market outlook

    But lack of investment seems to guarantee tight supplies in the short term, says Vitol: File Image / Pixabay Crude trading on the we Thanksgiving Thursday ...
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  • OPEC
    By Loriann Hicks
    November 24, 2021
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    0

    OPEC: IEA urges OPEC to take “necessary measures” to lower oil prices

    The head of the International Energy Agency on Wednesday called on OPEC and its allies to take action to help bring oil prices to “reasonable levels”. ...
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  • OPEC
    By Loriann Hicks
    November 22, 2021
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    0

    Oil Prices Rise As OPEC Prepares Response To Upcoming SPR Releases

    Through Julia Fanzères to 22/11/2021 (Bloomberg) – Oil has advanced amid speculation that OPEC and its allies may not add as much supply to the market ...
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  • OPEC
    By Loriann Hicks
    November 21, 2021
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    0

    The last founding delegate of Opec has died

    The last surviving delegate from the conference that founded OPEC has died at his home in Abu Dhabi. After the July 17 revolution brought hard-line members ...
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  • OPEC
    By Loriann Hicks
    November 19, 2021
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    0

    OPEC maple syrup taps into its inventory to ensure your pancakes are covered by Bloomberg

    © Reuters. OPEC maple syrup taps into its inventory to make sure your pancakes are covered (Bloomberg) – Fear not, pancake lovers. The maple syrup OPEC ...
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  • OPEC
    By Loriann Hicks
    November 17, 2021
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    0

    Emirates news agency – UAE’s reception of COP28 a historic opportunity for global energy sector: OPEC Secretary General

    Wed 11-17-2021 7:46 PM ABU DHABI, November 17, 2021 (WAM) – Mohammed Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), said the ...
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  • OPEC
    By Loriann Hicks
    November 16, 2021
    0
    0

    Size, Growth of Polypropylene Only Oil Boom Market (2021-2028)

    New Jersey, United States, – The recent report on “2021 Polypropylene Only Oil Boom Market Report by Key Players, Types, Applications, Forecast to 2028 » offered ...
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  • OPEC
    By Loriann Hicks
    November 11, 2021
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    0

    OPEC cuts its oil demand outlook for 2021; still sees a big market deficit until the end of the year

    Strong points Call OPEC crude oil to hit 29.57 million barrels per day in Q4 Non-OPEC supply forecasts unchanged from last month Many members report October ...
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  • OPEC
    By Loriann Hicks
    November 7, 2021
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    0

    Iran: crude oil production up 0.8% in September (OPEC sources)

    The latest figures from the Organization of the Petroleum Exporting Countries (OPEC) show Iranian crude production edged up in September to 2.503 million barrels per day ...
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  • OPEC
    By Loriann Hicks
    November 5, 2021
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    0

    OPEC and US stand together as fuel price hikes hit Europe and South Asia

    Washington has called on OPEC and Russia to increase oil production to help bring down the soaring fuel prices that have hit the United States and ...
    Read More
  • OPEC
    By Loriann Hicks
    November 4, 2021
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    0

    OPEC and Russia will consider oil production under pressure from Biden.

    With new climate pressures looming, OPEC countries may prefer to reap high incomes, build up their financial reserves, and raise funds to invest in solar and ...
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  • OPEC
    By Loriann Hicks
    November 2, 2021
    0
    0

    BP’s quarterly profit increases as oil and gas prices soar

    BP said on Tuesday that higher prices for oil and natural gas led to a sharp increase in profits in the third quarter. The company said ...
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  • OPEC
    By Loriann Hicks
    November 1, 2021
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    0

    Only OPEC has the power to send oil prices to $ 100

    After the price of West Texas Intermediate (WTI) recently crossed $ 80 a barrel, Russian President Vladimir Putin was asked if he could reach $ 100. ...
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  • OPEC
    By Loriann Hicks
    October 31, 2021
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    0

    Energy-consuming countries consider response if OPEC does not increase oil production

    Through Jennifer Epstein and Justin Sink to 10/31/2021 (Bloomberg) – The United States is discussing with other energy-consuming countries how to pressure OPEC + to increase ...
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  • OPEC
    By Loriann Hicks
    October 30, 2021
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    0

    OPEC is not anxious to “help us”

    Crude prices remain at levels not seen since 2014, fueled by demand that continues to exceed supply. At the same time, natural gas prices have retreated ...
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  • OPEC
    By Loriann Hicks
    October 28, 2021
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    0

    Dip-Buying, OPEC ‘Magic Mantra’ Drops U.S. Crude From Lows

    By Barani Krishnan Investing.com – Just 24 hours after the biggest selloff in oil since early October, the bulls were back to buy crude lows and ...
    Read More
  • OPEC
    By Loriann Hicks
    October 27, 2021
    0
    0

    Opec welcomes Adnoc’s “bold step” to harness nuclear and solar energy for the electricity grid

    The Organization of the Petroleum Exporting Countries (OPEC) hailed Abu Dhabi National Oil Company’s decision to harness solar and nuclear power to power up to 100% ...
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  • OPEC
    By Loriann Hicks
    October 26, 2021
    0
    0

    6 petroleum resources to stay on top of the evolution of energy markets

    For over six years now, my weekly Investing.com column – over 300 and up – provided readers with analysis on what’s hot in the oil markets. ...
    Read More
  • OPEC
    By Loriann Hicks
    October 24, 2021
    0
    0

    Saudi energy minister said OPEC will not change its …

    (MENAFN- Trend News Agency) OPEC will not change its strategy, and it does not have to solve a problem it did not create, Saudi Energy Minister ...
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  • OPEC
    By Loriann Hicks
    October 23, 2021
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    0

    Saudi Arabia, leading oil exporter, targets net zero emissions by 2060

    The Crown Prince of Saudi Arabia said on Saturday that the world’s largest oil exporter aims to reach net zero emissions by 2060 and will more ...
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  • OPEC
    By Loriann Hicks
    October 22, 2021
    0
    0

    Putin: not all OPEC + producers can quickly increase production

    Although the OPEC + alliance is currently increasing its collective production of crude oil slightly above what they agreed to, not all members of the group ...
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  • OPEC
    By Loriann Hicks
    October 21, 2021
    0
    0

    Do you think that the energy crisis in Europe and Asia is not linked to oil and OPEC? Think about

    At an energy forum in India on Wednesday, Saudi Energy Minister Prince Abdulaziz bin Salman said he saw no role for Saudi Arabia or OPEC in ...
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  • OPEC
    By Loriann Hicks
    October 19, 2021
    0
    0

    Why Iraq Can, But Will Not, Achieve 8 Million Barrels A Day Of Oil Production

    Since no real change resulted from last week’s elections in Iraq, fiercely anti-American radical cleric Moqtada al-Sadr is still the de facto leader – his latest ...
    Read More
  • OPEC
    By Loriann Hicks
    October 18, 2021
    0
    0

    Will Saudi Arabia abandon the United States for Russia and China?

    The meeting last week between Russian Deputy Prime Minister Alexander Novak and Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman to discuss expanding and deepening cooperation ...
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  • OPEC
    By Loriann Hicks
    October 17, 2021
    0
    0

    Gas prices continue to rise as the holidays approach

    October 17 – Motorists in Berks County faced harsh weather conditions last summer. However, when it comes to the price of a gallon of gasoline, they’re ...
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  • OPEC
    By Loriann Hicks
    October 15, 2021
    0
    0

    OPEC organizes its first technical workshop with Energy Cos | Rigzone

    The OPEC Secretariat announced that it had organized its first technical workshop with energy companies by video conference. OPEC said its workshop is the organization’s latest ...
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  • OPEC
    By Loriann Hicks
    October 14, 2021
    0
    0

    OPEC participates in Russian Energy Week 2021

    OPEC Secretary General HE Mohammad Sanusi Barkindo participated in two key panel discussions during the 2021 edition of Russian Energy Week (REW) in Moscow. The Secretary-General ...
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