• 3 minutes Biden Seeks $2 Trillion Clean Energy And Infrastructure Spending Boost
  • 7 minutes The Secret China Iran Oil Deal At The Heart Of One Belt One Road Project
  • 11 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 15 minutes A Million Tesla Semi Trucks can replace 3 million barrels of oil per day?
  • 1 day Trump Suggests Delaying Election Amid Fraud Claims
  • 39 mins Trump Hands Putin Major Geopolitical Victory
  • 1 day Rational analysis of CV19 from Harvard Medical School
  • 2 days The World is Facing a Solar Panel Waste Problem
  • 3 mins Why No One Has Started a Thread on Portland
  • 10 hours Mask Disposal
  • 8 hours "The Great Reset" What does this mean for you.
  • 12 hours Pompeo upsets China; oil & gas prices to fall
  • 13 hours You may all go to hell
  • 13 hours Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 2 days Trump is turning USA into a 3rd world dictatorship
How India’s Oil Major Became Bigger Than Exxon

How India’s Oil Major Became Bigger Than Exxon

After decades of dominance, America’s…

MLPs Are No Longer An Oil & Gas Safe Haven

MLPs Are No Longer An Oil & Gas Safe Haven

Since their inception back in…

Editorial Dept

Editorial Dept

More Info

Premium Content

Oil Markets On Edge As OPEC+ Meeting Looms

Just days ahead of the July 1st OPEC+ meeting, all eyes are firmly on Vienna, and much less so on the incomprehensible back-and-forth between the U.S. and Iran. Traders are banking on production data that shows U.S. sanctions on Venezuela and Iran have managed to reduce OPEC’s oil production by more barrels than OPEC’s own self-imposed restrictions. The total decline in supply to date has been 2.5 million bpd, while OPEC cuts had only 800,000 bpd on the books from members and total OPEC+ cuts were to be 1.2 million bpd. This, of course, gives rise to predictions that OPEC could change its mind about extending cuts, even though the rumor on the street is a deal has already been agreed - even if Russia remains reluctant. We’ll find out in Vienna next week. But the Saudis still need oil to be $70+ a barrel, and data suggests they won’t get it through production cut extensions thanks to the continually rising US shale output, which is expected to top a record 8.5 billion bdp next month.

Haftar’s Calculated Move to Control Libyan Oil Revenues

Media has not figured out what to make of the NOC’s recent statement condemning calls for a shut down of Libya’s entire oil flow. That’s because it’s a tricky backstory to follow. It’s a stroke of genius on the part of General Haftar in his push to take control of Tripoli and the central bank that controls all the oil revenues.

According to our sources, Haftar has…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News