OPEC

Oil prices appreciated as much as one per cent yesterday after Saudi Energy Minister Khalid al-Falih indicated there was consensus among OPEC and allied oil producers to continue limiting supplies. Also, Nigeria’s oil minister said he…
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Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. It was less clear how far Russia, their main partner in…
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The specter of war and risks to global oil supply security will hang over a key OPEC/non-OPEC monitoring committee this weekend, as ministers gather in Saudi Arabia to debate how much oil to pump in the months ahead. Many analysts —…
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*Will cartel’s compliance committee hint at possible policy news from June meeting? Oil futures finished lower Friday, with U.S. prices down for the first time in four sessions, but up for the week, as any potential demand worries tied…
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Oil edged up towards $73 a barrel on Friday, heading for a weekly gain, supported by supply cuts and concern over potential further disruption to Middle East shipments as political tensions rise. U.S. sanctions on Iran have cut the…
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Offer prices for West African grades remained high but have not ramped up significantly despite tightened U.S. sanctions on Iranian oil, which will leave top buyers India and China looking for replacement barrels. Shell confirmed that…
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The Organisation of Petroleum Exporting Countries, OPEC’s April supply dropped to 30.23 million barrels per day (bpd) showing a four-year low. This came as OPEC’s biggest production gain occurred in Nigeria, where Total’s Egina field…
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The United States refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes, double that of April levels, data from Refinitiv Eikon has shown.Oil imports from Nigeria and other…
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US refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes double that of April levels, data from Refinitiv Eikon showed on Monday. Oil imports from these countries to the United States…
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Uncertainties are about unsettling global oil market fundamentals which though currently looking particularly bullish. Events that are threatening the market included the Organization of Petroleum Exporting Countries (OPEC) production…
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