Post Tagged with: "Non-OPEC"

Source: Reuters

OPEC, allies agree to deepen oil output cuts

Reuters


VIENNA/LONDON – OPEC and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to prevent oversupply in a deal that will apply for an unexpectedly short period of the first three months of …

OPEC, non-OPEC General Cooperation Agreement will be Signed in Three Months: UAE

OPEC, non-OPEC General Cooperation Agreement will be Signed in Three Months: UAE

From Reuters

ABU DHABI (Reuters) – A general cooperation agreement between OPEC and non-OPEC countries will be signed in three months’ time in Saudi Arabia, the UAE’s energy minister said on Monday.

“By (the) end of March the document will …

December 11, 2018 - 12:36 pm Closing Bell Story‎, Energy News, OPEC
Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

International oil prices are contingent upon both the worldwide growth in oil production and the worldwide growth in oil inventories. Understanding the balance of these movements, and interpreting those movement is undertaken by the Energy Information Agency (EIA) and the …

Source: Bashneft

Non-OPEC Producers agree to Cut the Equivalent of China, India 2017 Demand Growth

Non-OPEC cuts will rely on natural decline curves

Oil prices continued to rise Monday on news that non-OPEC producers had come together over the weekend and agreed to cut 558 MBOPD, equal to the anticipated demand growth next year in …