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Oil & Gas Trade
OPEC+ Extends Deep Oil Production Cuts Into 2025
Vienna, June 19, 2018. REUTERS/Leonhard Foeger Purchase Licensing RightsOPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the …
Crude Oil
Russia Will Cut Oil Output in Q2 to Catch up With Other OPEC+ Countries
A working oil pumpjack in Taft Kern County California US September 21, 2023. — AFPRussia has decided to focus on reducing oil output rather than exports in the…
Electricity Transmission
French Unions Threaten Strike Action at EDF
French power sector unions posted a strike notice at French energy provider EDF that will run from the morning of Jan. 15, an EDF spokesperson said on Tuesday, …
Oil & Gas Trade
OPEC+ Mulls New Oil Production Cuts of 1 Million Barrels a Day - WSJ
A view shows a pressure gauge near oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo Acq…
Crude Oil
Column: Saudi Output Cut Removes Downside Risk From Oil Market
General view of Aramco tanks and oil pipe at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed JadallahExt…
Oil & Gas Trade
Iraq, Russia Commit to OPEC+ Oil Production Cuts
A worker at Iraq’s Majnoon oilfield near the southern Iraqi city of Basra. Photo: ReutersBaghdad (IraqiNews.com) – The Iraqi Minister of Oil, Hayan …
Crude Oil
Oil Production Cuts to Tighten Market From May and Boost Prices, UBS Says
Drop in crude inventories and supply disruption from northern Iraq of almost 500,000 barrel per day also a factorAn oil field in Russia, which said the 500,000 …
Oil & Gas Supply
Oil production cuts to tighten market from May and boost prices, UBS says
Drop in crude inventories and supply disruption from northern Iraq of almost 500,000 barrel per day also a factor
Oil & Gas Trade
Oil Posts Third Weekly Gain After OPEC+ Cuts and Inventory Declines
An oil tanker at the Sheskharis complex in Russia. The country has extended its 500,000 bpd cut until the end of the year. AFPOil posted a third weekly gain aft…
Crude Oil
Surprise Move: OPEC+ Announces Deep Production Cuts to Stabilise Crude Markets
Together with Russia’s announced production cuts, Opec+ move spells output cuts of 1.6 million barrels per daySaudi Arabia, the United Arab Emirates (UAE)…
Oil & Gas Trade
Saudi Arabia, UAE and Allies Announce Surprise Oil Production Cuts
Saudi Aramco's Ras Tanura oil refinery and oil terminal. Opec+ members Saudi Arabia, the UAE, Iraq, Kuwait and Algeria have agreed to voluntary oil producti…
Crude Oil
White House Leaves Door Open for Additional SPR Releases
The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n…
OPEC
Kremlin Praises OPEC+ for Countering U.S. 'Mayhem'
The Kremlin on Sunday praised OPEC+ for agreeing production cuts that had successfully countered the "mayhem" sown by the United States in global energy markets…
Crude Oil
OPEC+ Set To Continue With 400,000 Bpd Production Increase
The OPEC+ group is expected to decide next week whether it should continue unwinding the oil production cuts by another 400,000 barrels per day in March
Crude Oil
OPEC+ Pumped Less Oil Than Agreed In October
The OPEC+ group’s compliance rate with the oil production cuts rose to 116 percent in October from 115 percent in September,
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