New OPEC Plan Sets Off a Global Race for Spare Capacity
The OPEC+ producers kept their targeted production unchanged for early next year when they met this weekend for…
What’s Next for OPEC+ in the Glut Year?
OPEC+ is meeting this coming weekend to discuss the next steps in its production control plan. Early reports…
Post-OPEC Angola: The Quota’s Gone, the Decline Isn’t
In December 2023, Angola stunned global energy markets by announcing it would leave OPEC after 16 years of…
Iraq’s Compensation Cuts Could Nearly Offset Production Hike By OPEC+
Three days ago, the eight members of OPEC+ agreed to increase oil output from October by 137,000 barrels…
OPEC+ Latest Hike Casts Shadow over Glut Narrative
Last Sunday, OPEC+ agreed to add 137,000 bpd to its collective oil output. This was the seventh monthly…
Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans
Over the past decade, the Gulf Cooperation Council (GCC), comprising Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, and…
After OPEC’s Oil Supply Cuts, What Now?
OPEC+ will complete the unwinding of its largest production cut next month after agreeing this weekend to boost…
Why OPEC+ Is Pumping Fast and Playing Hardball
OPEC+ blindsided oil market participants, again, with a larger-than-expected oil production hike for August. Â Instead of the…
OPEC Oil Production Fell Short of OPEC+ Target in May
OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a…
StanChart: OPEC+ Is About To Become Much More Transparent
A week ago, the 39th OPEC and non-OPEC Ministerial Meeting was held via videoconference, chaired by Prince Abdulaziz…
Oil Bulls Bite Back as Prices Defy Expectations
OPEC+ did what everyone expected it to do last weekend, announcing another production ramp-up. Prices, however, did something…
OPEC+ Gives Up Trying To Boost Prices. What’s Next?
For over two years, OPEC and its partners from Central Asia, led by Russia, tried to push oil…