Tagged OPEC

Rystad: No room for OPEC+ to increase output for the rest of 2019

Rate this article By _Offshore_Energy_Today_ The OPEC+ countries will not be able to increase their collective oil production levels in the second half of 2019 without having a detrimental effect on oil prices, according to Norwegian oil and… … Read Full Article Here For more great articles: Offshore Energy Today

New OPEC+ production cuts needed to prop up oil prices

Rate this article As oil prices approach $70/bbl, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and OPEC. Read Full Article Here For more great articles: Offshore RSS Feed

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