Opec

Crude Oil
Opec+ Needs Cumulative 2.3mn b/d of Compensation Cuts
Opec+ members that exceeded their crude production ceilings in May-July went over their quotas by a cumulative 2.3mn b/d and will need to compensate for this ex…
Oil & Gas Trade
OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens
OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.
Russian Federation
Russia Doesn’t Expect OPEC+ To Change Course
The OPEC+ panels will not be discussing next week any revisions of the ongoing production cut pact and are not expected to make any major decisions to tweak the…
Opec+ JMMC Meeting Delayed to 19 August
The Opec+ Joint Ministerial Monitoring Committee (JMMC), which studies compliance with the coalition's output restraint deal, has pushed back its next monthly m…
Breaking Down the Oil Outlook as OPEC Increases Production
Prosper Trading Academy CEO Scott Bauer to discuss the outlook for oil as looming OPEC supply surge adds to demand woes.
Crude Oil
Aramco Aims to Boost Production Capacity to 13 Million Bpd
The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.
China
Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand
Middle Eastern sour crude supply is expected to increase this month after OPEC+ members on July 15 agreed to pare back their production cut commitment.
Azerbaijan Stuck to Opec+ Quota in July
Azerbaijan produced 553,800 b/d of crude last month, unchanged from June and fully in line with its Opec+ commitment, according to preliminary data from state-o…
Crude Oil
Russia is Raising Crude Oil Output as OPEC+ Cuts Ease
OPEC+ producers from Aug. 1 have agreed to slim their output cuts to 7.7 million barrels per day from 9.7 million bpd.
Norway
How One Oil Major Excelled As Prices Crashed
When oil prices plunged to historic lows in April, the majority of oil producers, including OPEC+ nations, responded by drastically cutting production to get ri…
Oil & Gas Trade
Sinopec Unit Sells Gas Pipeline Asset to PipeChina
China's new oil and gas pipeline company PipeChina has made its first purchase of gas infrastructure assets.
Saudi Arabia
Saudi Arabia’s Oil Exports Fall 65% in May, WTI Regains $42
Citing official data, Oil exports from Saudi Arabia, the OPEC’s top producer, fell by 44,277 million riyals (USD12 billion) or 65.0% in May 2020.
SINOPEC
Sinopec: First Company to Obtain Hydrogen Quality Inspection Qualification for Fuel Cell Vehicles
Sinopec has become the first unit to obtain CMA qualification.
Russian Federation
Oil Price of $40-43 per Barrel more or Less Balanced
The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after the weakening …
China
Oil Down ith OPEC+ Signaling Production Cuts, While U.S.-China Tensions Rise
Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday.…

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Opec

Opec+ Needs Cumulative 2.3mn b/d of Compensation Cuts

OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens

Russia Doesn’t Expect OPEC+ To Change Course

Opec+ JMMC Meeting Delayed to 19 August

Breaking Down the Oil Outlook as OPEC Increases Production

Aramco Aims to Boost Production Capacity to 13 Million Bpd

Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand

Azerbaijan Stuck to Opec+ Quota in July

Russia is Raising Crude Oil Output as OPEC+ Cuts Ease

How One Oil Major Excelled As Prices Crashed

Sinopec Unit Sells Gas Pipeline Asset to PipeChina

Saudi Arabia’s Oil Exports Fall 65% in May, WTI Regains $42

Sinopec: First Company to Obtain Hydrogen Quality Inspection Qualification for Fuel Cell Vehicles

Oil Price of $40-43 per Barrel more or Less Balanced

Oil Down ith OPEC+ Signaling Production Cuts, While U.S.-China Tensions Rise