OPEC released a table in January showing the “Voluntary Adjustment” to “Reference Production,” which result in the “Voluntary Production Level” for the OPEC and non-OPEC participants. Libya, Iran, and Venezuela were exempted. As shown above, OPEC production “quotas” for the other OPEC m...
Smith, Eugene R
Still, prices have risen this week, with Brent trading around $89 a barrel on Thursday, partly in anticipation of OPEC+ decreasing production. The alliance, led by Saudi Arabia and Russia, showed its readiness to stabilize markets with a symbolic cut at its last meeting. Saudi Energy Minister...
As oil market uncertainties pile up and prices soften, Opec-plus is likely to take a cautious approach with its supply policy at its Dec. 4 meeting. The mo... PIW Group - 《Petroleum Intelligence Weekly》 被引量: 0发表: 2022年 Holes in OPEC's armor leading analysts to puzzle over nex...
There is bound to be a bitter quarrel at the next OPEC meeting, mainly between the cash-rich and cash-strapped members, i.e. between those who can sit this out and those who don’t have the luxury of time. The Saudi’s havetold OPEC members not to panic, explaining that very low ...
OPEC+ deal will lead to slower pace and delay in adding supply next year, Energy Aspects says Richard Bronze, co-founder and head of geopolitics at Energy Aspects, discusses the outcome of the latest OPEC+ meeting. Fri, Dec 6 202410:30 AM EST watch now watch now VIDEO04:58 Wal...
The anticipation of what could be incorporated by the market in the prices is the first move to make wise investment decisions.
With the 3 August ministerial meeting looming, there appears no real consensus among Opec+ delegates on what the group is likely to decide for September, with most saying that consultations have yet to formally begin. "Although the time is approaching, it is still really difficult to say what...
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Blinken is also scheduled to co-host a June 8 meeting with Saudi Foreign Minister Faisal bin Farhan on combating the Islamic State militant group, the statement said. Riyadh has been a partner in Washington's efforts to broker a ceasefire in Sudan, with talks taking place in Jeddah, ...