Tagged OPEC

Bloomberg: OPEC+ agrees on output cuts. Iran exempted

Rate this article By Offshore Energy Today The Organization of Petroleum Exporting Countries, has reportedly, struck a deal with its Russia-led allies to cut production by 1.2 million barrels a day, in order to bring up oil prices. … Read Full Article Here For more great articles: Offshore Energy Today

Qatar to leave OPEC in January 2019

Rate this article By Offshore Energy Today Qatar is set to leave membership in the Organization of Petroleum Exporting Countries (OPEC). … Read Full Article Here For more great articles: Offshore Energy Today

WoodMac: OPEC to keep its role of key oil supplier until 2040

Rate this article By _Offshore_Energy_Today_ OPEC will maintain its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030, according to Wood Mackenzie. … Read Full Article Here For more great articles: Offshore Energy Today

OPEC agrees on oil output hike

Rate this article By Offshore Energy Today OPEC oil ministers on Friday concluded their Vienna conference where it was decided that there would be an increase in oil production starting July 1, 2018. No firm numbers were given in OPEC’s press… … Read Full Article Here For more great articles: Offshore Energy Today

Rystad: OPEC should agree on oil output hike. Here’s why

Rate this article By Offshore Energy Today As the OPEC meeting is underway in Vienna on Friday to discuss the path forward, the Norwegian energy intelligence group Rystad Energy has shared a list of five reasons in support of an output hike. … Read Full Article Here For more great articles: Offshore Energy Today

OPEC+ pledges to address potential oil supply shortages

Rate this article By Offshore Energy Today OPEC+ achieved a conformity level of 152% to the oil output cuts agreed on in December 2016. They’ve also pledged to address concerns over potential oil supply shortages. … Read Full Article Here For more great articles: Offshore Energy Today