Opec

Oil Price
Russia & Saudi Arabia Ready to Make Deeper Joint OPEC+ Output Cuts to Boost Oil Prices
According to the Russian Energy Ministry, both countries are firmly committed to fulfilling the OPEC+ deal on cutting oil output.
Crude Oil
OPEC Still has an Important Role to Play in Global Oil Market
Scan Western news about OPEC from the last few years, and a common observation tends to appear: OPEC had a huge influence on the global oil market back in the d…
Crude Oil
Demand for OPEC Oil Falls to 30-Year Low
The sharp contraction in global oil demand amid lockdowns and stalled industrial activity will lead to the lowest demand for OPEC crude in more than thirty year…
Oil Price
Russia’s Oil Pain Deepens as OPEC+ Prepares to Cut Output
The Kremlin may have succeeded in ending its oil war with Saudi Arabia, yet the pain of crude’s crash is only just starting to hit Russia’s budget.
Crude Oil
Kazakhstan to Cut Oil Production by 390,000 Barrels Per Day
Kazakhstan will reduce oil production by 390,000 barrels per day for a period of two months under the OPEC + agreement.
Oil&Gas Drilling
Non OPEC+ Crude Oil Supply Cuts
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Sunday to reduce output by 9.7 million barrels per day (bpd).
Crude Oil
Opec+ Plans to Cut Output by 20mn bpd: Trump
Top global oil producers are considering slashing output by 20mn barrels a day under the terms of a deal to boost prices, US President Donald Trump said on Mond…
Oil&Gas Drilling
OPEC, Non-OPEC Reach Oil Cuts Deal Amid COVID-19
An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday.
Oil Price
Non-Opec Members Will Also Need to Cut Output to Balance Oil Price
Not just production cut upfront, they have also decided to cut production all the way to April 2022.
Crude Oil
Mexico to Cut Oil Output by 100,000 Bpd from May: Officials
Mexico will reduce its oil output by 100,000 barrels per day (bpd) from May after top oil producers collectively agreed to cut production by 9.7 million barrels…
Oil Price
G-20, OPEC Working to Rebalance Oil Market
Energy Ministers of G-20 have arrived at a decision to rebalance global oil markets hit hard by the coronavirus pandemic.
Oil & Gas Trade
Trump Confirms U.S. Will Help Mexico Out With Production Cuts
U.S. President Donald Trump on Friday confirmed that the United States would “help Mexico along” in achieving the production requests that OPEC+ has asked it …
Oil Price
Trump Threatens “Very Substantial” Tariffs On Oil Imports
The crash was the product of the culmination of a series of unfortunate events, beginning with the spread of COVD-19, which all but shut down the Chinese econom…
Crude Oil
Mexican Standoff Imperils Proposed 10M-barrel OPEC+ Oil Cut
OPEC said the deal also calls for a 6 million barrel per day cut for 16 months beginning in 2021.
Crude Oil
Global Oil Producers Agree On Joint 10 Million Bpd Output Cut
OPEC has succeeded. On Thursday, the OPEC++ group agreed, in principle, to cut 10 million bpd in oil production, according to media. But will it be enough? Toda…

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Opec

Russia & Saudi Arabia Ready to Make Deeper Joint OPEC+ Output Cuts to Boost Oil Prices

OPEC Still has an Important Role to Play in Global Oil Market

Demand for OPEC Oil Falls to 30-Year Low

Russia’s Oil Pain Deepens as OPEC+ Prepares to Cut Output

Kazakhstan to Cut Oil Production by 390,000 Barrels Per Day

Non OPEC+ Crude Oil Supply Cuts

Opec+ Plans to Cut Output by 20mn bpd: Trump

OPEC, Non-OPEC Reach Oil Cuts Deal Amid COVID-19

Non-Opec Members Will Also Need to Cut Output to Balance Oil Price

Mexico to Cut Oil Output by 100,000 Bpd from May: Officials

G-20, OPEC Working to Rebalance Oil Market

Trump Confirms U.S. Will Help Mexico Out With Production Cuts

Trump Threatens “Very Substantial” Tariffs On Oil Imports

Mexican Standoff Imperils Proposed 10M-barrel OPEC+ Oil Cut

Global Oil Producers Agree On Joint 10 Million Bpd Output Cut