Post Tagged with: "Production cuts"

Matchmaking: OPEC and Russia Want to Formalize a Long-Term Partnership

Matchmaking: OPEC and Russia Want to Formalize a Long-Term Partnership

Russia is looking to find ways to cooperate with OPEC despite years of saying it has no plans to join the group

OPEC and Russia hope to institutionalize cooperation between the two beyond the current production cuts, according to Russian

Russia Signals More Flexibility as Prices Sputter

Russia Signals More Flexibility as Prices Sputter

Russia’s Novak suggests Russia has more room for deeper cuts

Crude oil prices fell more than 5% Thursday after OPEC extended a production cut deal which had originally help to buoy oil prices above $50 per barrel.

The extension will …

Round Two: OPEC vs. U.S. Shale

Round Two: OPEC vs. U.S. Shale

OPEC will meet to decide on further production cuts next week, but will their efforts be ruined by the power of U.S. shale producers?

OPEC has been restraining production since the beginning of the year, after a group of cartel …

OPEC: We Will Do “Whatever it Takes” to Rebalance Oil Markets

OPEC: We Will Do “Whatever it Takes” to Rebalance Oil Markets

OPEC could extend cuts to 2018, but in the long run U.S. shale “won’t make a dent”

As oil prices struggle to stay above $50 per barrel, OPEC appears to be ready to extend production cuts through the second half …

OPEC Sets a Date to Determine if Cuts will be Extended or Die

OPEC Sets a Date to Determine if Cuts will be Extended or Die

OPEC to make decision on cuts as part of regular meeting

The Organization of Petroleum Exporting Countries will hold meetings with its non-OPEC counterparts to decide the future of production cuts on the same day as the group’s scheduled semi-annual …

Oil Prices Rise Ahead of OPEC Compliance Meeting

Oil Prices Rise Ahead of OPEC Compliance Meeting

Oil prices move higher as markets expect high levels of compliance among OPEC and non-OPEC members

Oil prices were up over $1 per barrel Friday as markets felt hopeful that OPEC and non-OPEC members taking part in production cuts were …

January 20, 2017 - 4:49 pm Closing Bell Story‎, Oil and Gas 360 Articles, OPEC

Saudis Expect 6-Mo. Limit on Production Cuts

“It’s unlikely that we will need to continue [production cuts past June.]” – Khalid al-Falih

OPEC may not continue oil production cuts after the middle of the year, according to estimations from Saudi Minister of Energy and Industry Khalid al-Falih. …

Dana Gas Iraq Operations

Doubt Surrounds OPEC Deal as Iraq Struggles to Make Cuts

Iraq may owe international oil companies compensation for lost production

Less than a week into the new year, many oil market experts are beginning to wonder if OPEC will be able to follow through with its production cuts.

Already Iraq, …

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 …

You Can Thank Putin for OPEC’s Cut

You Can Thank Putin for OPEC’s Cut

Russian President Vladimir Putin’s key role in brokering the OPEC agreement

The price of crude oil continues to climb past $50 per barrel following OPEC’s deal to cut 1.2 MMBOPD of production Wednesday.

A number of non-OPEC producers will …

Iran and Iraq will be Stumbling Blocks to OPEC Production Cut

From the Wall Street Journal

VIENNA—Iran and Iraq emerged as major stumbling blocks to an OPEC agreement on reducing crude-oil output, as cartel members gathered ahead of their official meeting to tackle the thorny puzzle of how to share the …

November 22, 2016 - 9:17 am Closing Bell Story‎, Energy News
OPEC: Too Close to Call - Oil & Gas 360

OPEC Member Sees Group-Wide Freeze and $50 Oil on the Horizon

Nigeria’s oil minister sees OPEC production freeze as likely, says Saudis are pushing for it

A wider production freeze inside of OPEC could be close at hand, Nigerian Oil Minister Emmanuel Ibe Kachikwu said during an interview with CNBC. …