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The Toughest Part Of The OPEC Deal

The Toughest Part Of The OPEC Deal

OPEC+ agreed to deepen output…

Iran: We Won’t Agree To Any Production Cuts In The Future

Iran: We Won’t Agree To Any Production Cuts In The Future

Iranian Oil Minister Bijan Zanganeh…

Energy / Crude Oil

Iran: We Won’t Agree To Any Production Cuts In The Future

Iran: We Won’t Agree To Any Production Cuts In The Future

Dec 06, 2019 at 13:25 | Tsvetana Paraskova

Before OPEC members sat down to wrangle about production quotas and compliance on Thursday, the oil minister of Iran—exempted from the ongoing cuts because of the U.S. sanctions crippling its…

The Toughest Part Of The OPEC Deal

The Toughest Part Of The OPEC Deal

Dec 06, 2019 at 09:32 | Irina Slav

An agreement to deepen oil production cuts by 500,000 bpd has put OPEC members at odds with each other as they try to hammer out the individual…

OPEC+ Agrees To Deeper Output Cuts

OPEC+ Agrees To Deeper Output Cuts

Dec 05, 2019 at 14:53 | Julianne Geiger

The OPEC meeting ended with ministers approving additional production cuts for Q1 2020, two delegation sources told Russian news outlet TASS on Thursday afternoon. The cuts for the OPEC+…

An OPEC+ Surprise Cut Is Looking Increasingly Likely

An OPEC+ Surprise Cut Is Looking Increasingly Likely

Dec 05, 2019 at 11:30 | Nick Cunningham

OPEC+ is considering deepening cuts by as much as 500,000 bpd, a more aggressive effort to head off a supply surplus in 2020. The rumors from Vienna…

The U.S. Just Became A Net Oil Exporter For The First Time Ever

The U.S. Just Became A Net Oil Exporter For The First Time Ever

Dec 05, 2019 at 09:53 | Tsvetana Paraskova

The United States exported more crude oil and petroleum products than it imported in September 2019—the first month in which America was a net petroleum exporter since monthly records began…

The One Sweet Spot That Continues To Drive Permian Growth

The One Sweet Spot That Continues To Drive Permian Growth

Dec 04, 2019 at 13:33 | Tsvetana Paraskova

The Bone Spring formation has been one of the most prolific shale plays in the Permian in recent years and continues to drive production growth The Bone…

Oil Soars On Crude Inventory Draw

Oil Soars On Crude Inventory Draw

Dec 04, 2019 at 09:45 | Irina Slav

The Energy Information Administration reported today a crude oil inventory draw of 4.9 million barrels for the week to November 29, after a 1.6-million-barrel increase reported for the…

Giant North Sea Oilfield Boosts Production To 350,000 Bpd 

Giant North Sea Oilfield Boosts Production To 350,000 Bpd 

Dec 03, 2019 at 12:24 | Tsvetana Paraskova

The huge Johan Sverdrup oilfield in Norway’s North Sea is already producing 350,000 barrels of oil per day, two months after coming on stream, a senior executive at Equinor, the…

India Could See Real Growth In Oil Demand Next Year

India Could See Real Growth In Oil Demand Next Year

Dec 03, 2019 at 11:01 | Jon LeSage

Next year is expected to be a turnaround for oil demand in India, according to a new study by S&P Global Platts Analytics. With weakened demand caused by an economic slowdown,…

Oil Could Fall To $40 If OPEC+ Fails To Deepen Cuts

Oil Could Fall To $40 If OPEC+ Fails To Deepen Cuts

Dec 03, 2019 at 09:32 | Rystad Energy

Barring additional oil production cuts by OPEC in 2020, Rystad Energy forecasts a substantial build of global crude stocks and a corresponding drop in oil prices. A…

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