Opec

Oil Price
Biden’s Trip to Saudi Arabia Won’t Solve the Oil Market’s Problems
Some observers expressed hope that a trip by President Biden to Saudi Arabia could spark more production and bring prices down.
OPEC
OPEC+ Output Increase Wins It Credit but a Realignment Awaits Beyond August
Modest nature of tweak indicative of mounting challenges for Saudi Arabia and Russia led group including limited ability to raise production
OPEC
OPEC+ Working On Making up for Lower Russian Oil Output
OPEC+ is working on making up for a drop in Russian oil output as Russia's production has fallen by around 1 million barrels per day as a result of Western sanc…
OPEC
Iran’s Two-Month Petrochemical Export Revenues Surge 64% On Year
Iran’s revenues from petrochemical exports surged by 64% year on year to $2.45bn in the first two months of its fiscal year, official data showed on Sunday.
OPEC
Five Major Challenges Facing the Energy Industry
Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head…
Oil Price
Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN
Jadwa Investment estimates Riyadh's expenditure to increase by 5% this year.
Oil Price
Oil Prices Drop on Profit-Taking, Supply Fears Linger
Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the E…
OPEC
OPEC+ Misses Production Target by Whopping 2.7 Million Bpd
All 13 members of OPEC saw their production rise by just 153,000 barrels per day.
Crude Oil
Opec to Attend Iraq Energy Forum in June
Opec said it will participate in the sixth Iraq Energy Forum in Baghdad from June 18-20.
Oil Price
Oil Rises, Defying Stock Market Falls as Supply Concerns Persist
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned …
Oil Price
OPEC+ Set to Stick to Modest Oil Output Rises amid Price Rally
OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions.
Oil Price
OPEC Tells IMF that Oil Price Rally Mainly Due to Geopolitics
OPEC told IMF's steering committee on Thursday that the surge in oil prices was largely due to the Ukraine crisis, in the latest signal that the producer group …
Crude Oil
North Sea Operators Renew Agreements for Exporting Oil to Flotta Terminal
Partners in several North Sea fields have reaffirmed their commitments to export the oil produced from their fields to the Repsol Sinopec Resources-operated Flo…
Oil Price
OPEC Minimum Oil Production Increase During March
OPEC oil production increased by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset in…
OPEC
Opec Mulls Removing IEA as a Secondary Source
Opec has removed Paris-based energy watchdog the IEA from the panel of "official" secondary sources that monitor the group's monthly crude production.

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Opec

Biden’s Trip to Saudi Arabia Won’t Solve the Oil Market’s Problems

OPEC+ Output Increase Wins It Credit but a Realignment Awaits Beyond August

OPEC+ Working On Making up for Lower Russian Oil Output

Iran’s Two-Month Petrochemical Export Revenues Surge 64% On Year

Five Major Challenges Facing the Energy Industry

Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN

Oil Prices Drop on Profit-Taking, Supply Fears Linger

OPEC+ Misses Production Target by Whopping 2.7 Million Bpd

Opec to Attend Iraq Energy Forum in June

Oil Rises, Defying Stock Market Falls as Supply Concerns Persist

OPEC+ Set to Stick to Modest Oil Output Rises amid Price Rally

OPEC Tells IMF that Oil Price Rally Mainly Due to Geopolitics

North Sea Operators Renew Agreements for Exporting Oil to Flotta Terminal

OPEC Minimum Oil Production Increase During March

Opec Mulls Removing IEA as a Secondary Source