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Can OPEC+ Boost Oil Prices Next Year?

Can OPEC+ Boost Oil Prices Next Year?

OPEC+ will have to factor in many variables in its market-managing policies next year, including a fresh threat to its market share from soaring U.S. and non-OPEC+ production. 

Latest Energy News

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Russia and Saudi Arabia Call On OPEC+ Members to Join Production Cuts

Russia and Saudi Arabia are calling on all other OPEC+ members to adhere to their production cuts after oil prices tumbled.

12 hours ago

The Oil Demand Outlook COP28 Leaders Would Hate

Resource investment managers Goehring and Rozencwajg reminded everyone watching COP28 and listening to all the talk about efficiency and demand for hydrocarbons that gains in the former never lead to a decline in the latter

1 day ago

Oil Demand Will Take a Hit from Yet Another Decline in U.S. Manufacturing

U.S. manufacturing activity has declined for the 13th consecutive month, making this an unusually lengthy downturn, but in diesel demand has not followed a similar trajectory

1 day ago

Funds Could Play Bigger Role in Energy Capital Markets

The most recent example of the start of a change in global finance is the biggest Australian pension fund, AustralianSuper, which has opposed the now-failed $11-billion bid for Australia’s top energy retailer, Origin Energy.

1 day ago

SEC Focused on Asset Retirement Obligations

Abandonment costs have now become “a focus area for the SEC”, and disclosures to the SEC must include all asset retirement obligations reported as both discounted and undiscounted figures.

1 day ago

What's Holding Europe's Battery Storage Boom Back?

Rystad Energy: uncertainty over the profitability of such systems in Europe risks holding back the roll-out of BESS throughout Europe.

1 day ago
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