Goldman sees risk of oil below $40 without OPEC ‘shock and awe’
OPEC needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group Inc. The Organization of Petroleum
OPEC caps for Libya, Nigeria crude output not enough to fix oil glut
A proposal that Libya and Nigeria could have to accept limits on their crude production probably would not be enough to put OPEC’s
Russia new stumbling block to OPEC production curbs
Russia has been reported to have opposed any proposal to deepen OPEC-led production cuts, which has led to crude oil prices falling
OPEC’s output rose to the highest this year
OPEC’s crude production rose to the highest this year in June as member nations exempt from output curbs pumped more. Members of the
Libya oil output at 4-year high loosens OPEC grip on supply
Libya’s oil production has climbed to more than 1 million barrels a day for the first time in four years, further complicating OPEC’s
Nigeria seen included in possible OPEC oil output cap
There are strong indications that the Organisation of Petroleum Exporting Countries (OPEC) may revisit the issue of including Nigeria
OPEC, oil prices and disruptive innovation
Cost-cutting advances in shale are weakening the cartel’s grasp of energy market dynamics. If you apply the insights of the
Oil set for longest winning streak in two months on U.S. output
Oil headed for its longest winning streak in two months after declines in U.S. crude production and gasoline inventories allayed some
Eyes-on-shale OPEC resists calls for deeper output cuts
The chorus in the oil market calling for deeper production cuts gets louder almost every day. By resisting the clamor, OPEC is
Russia sticks to conservative $40 oil forecast for 2018 budget
The Russian government is sticking to its conservative assumptions for oil prices as it drafts the budget for the next three years,