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Winners And Losers Of The OPEC Deal

Winners And Losers Of The OPEC Deal

Against all odds, OPEC managed…

Energy / Crude Oil

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Texas Oil And Gas Output Continues To Fall

Dec 02, 2016 at 17:23 | Ron Patterson

The railroad commission of Texas released September output data a few weeks ago and Dean Fantazzini made an estimate of the “corrected” data for crude plus condensate (C+C) and natural…

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Expert Commentary: Oil Rallies For Now, But Can OPEC Keep Its Promise?

Dec 02, 2016 at 15:54 | SCS OTC Corp

• OPEC exceeded the market’s expectations this week by creating a plausible deal to reduce output to 32.5m bpd with broad participation (10 members will cut, Libya and Nigeria are…

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Non-OPEC Producers To Cut An Additional 600,000 Bpd Next Week?

Dec 02, 2016 at 11:14 | Tsvetana Paraskova

OPEC will discuss and possibly finalize a deal with producers outside the cartel to reduce global crude oil supply on December 10 in Russia’s capital Moscow, Reuters reported on…

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Winners And Losers Of The OPEC Deal

Dec 01, 2016 at 16:14 | Julianne Geiger

It’s no secret I’ve been one of the consistent naysayers about the OEPC deal. I was confident a deal wouldn’t be had, and that if they did manage to reach…

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U.S. Crude Oil Output Drops In September

Dec 01, 2016 at 14:34 | Tsvetana Paraskova

U.S. crude oil production dropped by 1.9 percent to 8.580 million barrels per day (bpd) in September from 8.747 million bpd in August, the U.S. Energy Information Administration (EIA)

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Russian Energy Minister Novak: Russian Oil Companies Will Cut

Dec 01, 2016 at 09:55 | Irina Slav

Russia’s Energy Minister Alexander Novak said that all Russian oil companies are on board with the 300,000-bpd cut agreed by Moscow as part of OPEC’s efforts to prop up…

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Bearish EIA Data Can’t Keep Oil From Rallying

Nov 30, 2016 at 10:11 | Irina Slav

On the day of a historic OPEC agreement to cut production in a desperate attempt to spur markets on the road to rebalancing, the EIA reported an anticlimactic decline…

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Oil Majors Set To Lose $490 Billion If OPEC Talks Fail

Nov 29, 2016 at 16:49 | Irina Slav

OPEC is just a day away from a historical meeting that could see the cartel act in concert for the first time since 2008 to prop up prices, battered by…

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Iran Won’t Cut, Boldly Ask Saudis To Cut 1 Million Bpd

Nov 29, 2016 at 11:26 | Tsvetana Paraskova

Less than 24 hours to go until the decisive Wednesday OPEC meeting, not only is Iran refusing to cut its own oil production, but it is also defiantly and boldly…

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This Oil Major Just Circumvented Sanctions On Iran

Nov 29, 2016 at 10:23 | Dave Forest

Iran is now officially pre-qualifying E&Ps for an offering round of oil and gas projects. Putting fields up for bids to foreign operators for the first time in years. But…

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