Opec

LNG
QatarEnergy to Supply 4 Million Tonnes of LNG to Sinopec
The deal will be in place for 27 years.
OPEC
UAE Denies It Is Engaging in Discussion With Other OPEC+ Members to Change Their Latest Agreement - Minister
United Arab Emirates' energy minister said on Monday that the Gulf state denied that it is engaging in any discussion with other OPEC+ members to change their l…
Oil Price
Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors
Saudi Arabian officials are denying the news that OPEC is considering a 500,000 bpd output hike.
Crude Oil
Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head
Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters …
OPEC
OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount
OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure, citing mounting economic …
Crude Oil
Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut
Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut produ…
OPEC
Iraq Respects OPEC+ Deal, Wants to Raise Revenue per Barrel of Oil
Iraq's oil ministry respects the OPEC+ agreement to achieve global market stability.
OPEC
Iraq's October Oil Output in Line With OPEC+ Quota, SOMO Data Show
Iraq produced 4.651 million barrels per day (bpd) of crude in October, down by 11,000 bpd from September.
Crude Oil
EIA Cuts World Oil Demand Growth for 2023
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not…
OPEC
German Economist Sues OPEC, Wants $50 in Compensation
A German economist has filed a lawsuit against OPEC with a Berlin court.
Crude Oil
UAE Believes the Oil Industry Is in “Decline Mode”
Crude oil is in “decline mode” in the long term, OPEC heavyweight the United Arab Emirates (UAE) says.
OPEC
OPEC Oil Output Falls by 20,000 Bpd in October -Reuters Survey
The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in October and Septe…
Crude Oil
Oil Shortage Forecasts Clash With Grim Economic Projections
Oil markets can’t seem to choose which direction to head.
OPEC
OPEC+ 'Only a Phone Call Away' if Markets Need Balancing - UAE Minister
The United Arab Emirates' energy minister said on Monday that OPEC+ was always willing to balance crude oil markets if needed, and that if consumers require its…
Oil Price
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …

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Opec

QatarEnergy to Supply 4 Million Tonnes of LNG to Sinopec

UAE Denies It Is Engaging in Discussion With Other OPEC+ Members to Change Their Latest Agreement - Minister

Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors

Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head

OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount

Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut

Iraq Respects OPEC+ Deal, Wants to Raise Revenue per Barrel of Oil

Iraq's October Oil Output in Line With OPEC+ Quota, SOMO Data Show

EIA Cuts World Oil Demand Growth for 2023

German Economist Sues OPEC, Wants $50 in Compensation

UAE Believes the Oil Industry Is in “Decline Mode”

OPEC Oil Output Falls by 20,000 Bpd in October -Reuters Survey

Oil Shortage Forecasts Clash With Grim Economic Projections

OPEC+ 'Only a Phone Call Away' if Markets Need Balancing - UAE Minister

Goldman: U.S. SPR Crude Releases to Have Modest Price Influence