Extractive 360
All posts tagged "OPEC"
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52NEWSOPEC+ To Keep Production Flat, Saudi Arabia To Cut More
The meeting of Organization of the Petroleum Exporting Countries and allied producers (OPEC+) concluded with an agreement to maintain stable production in...
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89NEWSNNPC Commits To Reduced Production Cost As Alternative Fuels Hampers Oil Demand
The Nigerian National Petroleum Corporation (NNPC) has, for the umpteenth time, pledged its commitment to bringing down the unit cost of oil...
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88NEWSOil Price Nears $50 After OPEC, Russia Agree Supply Boost
Oil prices hit the highest level since early March after major producers agreed to a cautious increase in output that eased fears...
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88NEWSOil Sinks With OPEC Struggling To Reach Production Consensus
Oil slid as lingering tension among OPEC producers highlighted the uncertainty surrounding a delay to the group’s planned output increase. Futures declined...
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124OPINION
Is OPEC Power Over The Oil Market Broken?
By Ellen R. Wald (Bloomberg Opinion) — This week marks the 60th anniversary of OPEC, the cartel of major oil exporters that...
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185INTERNATIONAL NEWSRussia Overtakes Saudi Arabia To Become World’s Second Largest Oil Producer
Russia produced more crude oil than Saudi Arabia in June, beating it to the second place of the largest oil producers in...
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143INTERNATIONAL NEWSVenezuela Oil Production Nears Zero
Venezuela—one of the world’s earliest and (at one time) largest oil producers, as well as a founding member of OPEC—could soon be...
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379NEWSEIA Revises Up Oil Price Forecasts On Declining Inventories
Monthly Brent spot prices will average $41/bbl during the second half of 2020 and rise to an average of $50/bbl in 2021,...
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217NEWSOPEC, Allies To Continue Deep Oil Production Cut Through July
Oil ministers of the Organization of Petroleum Exporting Countries (OPEC) and other oil-producing countries headed by Russia met via video conference June...
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190NEWS
OPEC: Sellers Continue Discount Of April, May Unsold Crude Cargoes
The Organisation of Petroleum Exporting Countries (OPEC) says crude oil sellers continued to heavily discount their unsold crude oil cargoes for April...