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OPEC, gas counterpart GECF ink MoU to strengthen cooperation

The Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) have ...

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Non-OPEC liquid production to continue reaching record highs

Liquid production growth for non-OPEC countries reached the highest rate on record in 2018, with a growth of almost ...

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Rystad sees downside risk to 2020 oil prices

Oil market is going from gloomy to gloomier, according to Norwegian energy intelligence firm Rystad Energy.

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OPEC+ extends oil output cuts till March 2020

Following OPEC’s decision on Monday to extend the voluntary oil production cuts in order to keep oil prices stable, ...

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OPEC extends output cuts for 9 months

OPEC members have agreed to extend the voluntary oil production cuts for another nine months, with the aim to keep ...

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Rystad: No room for OPEC+ to increase output in 2019

The OPEC+ countries will not be able to increase their collective oil production levels in the second half of 2019 ...

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OPEC: Members to restore market stability during 2019

OPEC's Joint Ministerial Monitoring Committee members have pledged to restore market stability during a meeting in ...

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Update: OPEC+ agrees on output cuts. Iran exempted

The Organization of Petroleum Exporting Countries has struck a deal with its Russia-led allies to cut production by ...

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Rystad: OPEC+ must cut 2019 supply growth

The OPEC + countries must cut 2019 supply growth by 1.5 million bpd if they want oil prices back above $70 next year.

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Qatar to leave OPEC in January 2019

Qatar is set to leave membership in the Organization of Petroleum Exporting Countries (OPEC).

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OPEC: Oil supply and demand gap could widen in 2019

The OPEC-Non-OPEC JMMC concluded during its eleventh meeting that the oil supply could rise higher than global ...

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OPEC: No output boost pledge despite Trump calling for it

Oil output increase was not discussed at Sunday’s joint OPEC-Non-OPEC ministerial monitoring committee, despite ...

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WoodMac: OPEC to remain key oil supplier until 2040

OPEC will maintain its role as a key oil supplier through to 2040, although output from non-OPEC producers will ...

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Update: OPEC agrees on oil output hike

OPEC oil ministers on Friday concluded their Vienna conference where it was decided that there would be an increase ...

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Rystad: OPEC should agree on output hike. Here's why

As the OPEC meeting is underway in Vienna on Friday to discuss the path forward, the Norwegian energy intelligence ...

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OPEC's Barkindo: We rescued oil industry from worst downturn

Organization of the Petroleum Exporting Countries meets on Friday to decide output policy

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OPEC+ pledges to address potential oil supply shortages

OPEC+ achieved a conformity level of 152% to the oil output cuts agreed on in December 2016. They've also pledged ...

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OPEC & Non-OPEC oil production cuts break another record

Another record-breaking month of conformity levels with production adjustments during March 2018...

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Oil production cuts reach new highs in January

OPEC and Non-OPEC countries participating in voluntary production cuts have started off 2018 with record-breaking ...

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OPEC & Non-OPEC oil output cuts at record highs

OPEC and Non-OPEC countries have achieved record-breaking levels of conformity with production adjustments during ...

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Moody’s sees oil prices at $40-$60 per barrel in 2018

Oil prices will remain at $40-$60 per barrel in 2018 despite the extension of OPEC-led production cuts

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