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OPEC

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OPEC chief: Algiers meeting not for 'decision making': Algerian state medi...

Reuters - ‎8 hours ago‎
ALGIERS OPEC Secretary-General Mohammed Barkindo said the meeting of OPEC members and non-OPEC producers in Algiers this month would be an informal meeting for consultations and not for decision making, Algerian state news agency APS said ...
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Glut belies risk from OPEC's dwindling output cushion

The Detroit News - ‎7 hours ago‎
OPEC's strategy of keeping its taps open is leaving a smaller cushion if there's an unexpected need for more oil. The group's spare capacity has dwindled to the least since 2008, U.S.

Uncertainty Hits Markets Ahead Of OPEC Meeting

OilPrice.com - ‎14 hours ago‎
Get the same energy intel that international governments, major oil companies, hedge funds and investment bankers do from our 400 global on-the-ground assets... In it you'll receive profitable Stocks & Intel that no one else has… Long before it ...
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OPEC: The Fed's next move will impact oil markets

CNBC - ‎Sep 12, 2016‎
Central banks such as the U.S. Federal Reserve will be crucial in determining the state of global growth and the overall health of the energy sector, according to the latest monthly report from oil producer group OPEC. In its latest September report ...
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Saudi Arabia might play hardball with OPEC - here's why

Business Insider - ‎Sep 14, 2016‎
Saudi Arabia riyal A man holds a 50 riyal ($13.3) note, which shows the Dome of the Rock in Jerusalem old city and Saudi's King Abdullah, in Riyadh.
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OPEC to Trump Adviser: No Chance

Bloomberg - ‎Sep 11, 2016‎
Back in 1999, he led a group of independent U.S. oil producers calling on the government to impose duties of as much as 240 percent on crude oil imports from a number of OPEC countries, and Mexico too, for good measure. He claimed the producers were ...
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OPEC Output Drops Sharply in August, as Freeze Talk Heats Up

Wall Street Journal - ‎Sep 9, 2016‎
OPEC crude-oil output fell to a three-month low in August, new preliminary data show, lending fuel to a drive by Saudi Arabia and its allies to persuade Iran to join a petroleum production freeze this month.

Oil ends higher as guesswork on OPEC freeze, US rate hike continues

MarketWatch - ‎Sep 12, 2016‎
A report from the Organization of the Petroleum Exporting Countries said non-OPEC crude production is likely to climb in the second half of this year, lowering the possibility that OPEC members, who fear the loss of market share, will reach a deal at a ...

OPEC Freeze Feels Heat of Libya, Nigeria Oil Exports

Bloomberg - ‎Sep 15, 2016‎
Phillip Streible, senior market strategist at RJO Futures, and Bloomberg's Alix Steel examine the prospect of an OPEC oil production freeze as Libya and Nigeria add to the global oil glut.

Iraq tells Opec at what level it's ready to freeze oil output

Gulf Times - ‎11 hours ago‎
Iraqi labourers work at an oil refinery in the southern town Nasiriyah. The second-biggest producer in the Organisation of Petroleum Exporting Countries could support a freeze “for a certain period,” Falah al-Amri, the director general of Iraq's Oil ...
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Harold Hamm says it is 'high time' for an OPEC pact to freeze output

MarketWatch - ‎Sep 8, 2016‎
Hamm's comments come as OPEC is set for an informal meeting of major oil producers at the sidelines of an energy forum in Algeria in late September to discuss ways to stabilize the oil market.
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This OPEC member is 'comfortable' with oil under $50 and aims for an upgrade

CNBC - ‎Sep 4, 2016‎
Despite the low price of crude walloping other OPEC nations, Indonesia, which is part of the G-20 group of the world's biggest economies, is managing to ride out the crisis.
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Opec daily basket price for Wednesday

gulfnews.com - ‎Sep 15, 2016‎
The new Opec reference basket of crudes, ORB, is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Minas (Indonesia), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq ...
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Apache's Big Discovery Isn't Even OPEC's Biggest Problem

Bloomberg - ‎Sep 7, 2016‎
Still, if the Alpine High discovery in west Texas is anywhere close to what Apache cracks it up to be, then rival producers -- OPEC, say -- should be at least mildly concerned. And that's because, in one way, the slides about Alpine High in CEO John ...

Tanker market under pressure according to OPEC

Hellenic Shipping News Worldwide - ‎Sep 16, 2016‎
OPEC spot fixtures declined by 1.74 mb/d, or 15.2%, averaging 9.73 mb/d, according to preliminary data. The drop in fixtures was registered in all regions.

OPEC now sees non-cartel oil output in 2017

Al-Arabiya - ‎Sep 12, 2016‎
“We've seen a lot of bearish news this week: Libya, Nigeria, skeptical monthly reports from the IEA and OPEC and large stockbuilding in the US, so weak fundamentals are weighing on the market,” said Frank Klumpp, oil analyst at Stuttgart-based ...
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OPEC isn't worried about electric cars

Christian Science Monitor - ‎Sep 5, 2016‎
Last year, OPEC predicted that just 6 percent of cars on the world's roads in 2040 would be powered by anything other than gasoline or diesel.

OPEC and the Supply and Demand Dynamics of Cheap Oil

Bloomberg - ‎Sep 5, 2016‎
Patrick Armstrong, chief investment officer at Plurimi Investment Managers, looks at oil prices as OPEC's role in global production diminishes and offers his outlook for oil industry M&A.
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Oil falls 4 percent; US crude draw seen as glitch

Reuters - ‎Sep 9, 2016‎
Traders cited hopes for a global deal on stabilizing crude output after Saudi Arabia, the leading oil producer inside OPEC, and Russia, the biggest producer outside the group, agreed on Monday to cooperate in oversupplied markets.
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