Extractive 360
All posts tagged "OPEC"
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68OPINIONIs 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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136INTERNATIONAL 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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110INTERNATIONAL 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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236NEWSEIA 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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170NEWSOPEC, 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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160NEWS
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...
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182NEWSNorway Implements Offshore Oil Production Cuts To Support OPEC+
Norway Implements Offshore Oil Production Cuts To Support OPEC+ Norway’s Ministry of Petroleum and Energy will cut the country’s offshore oil production...
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154NEWSSaudi Aramco To Cut Extra 1million b/d In June
Saudi Arabia’s energy ministry has instructed national oil company Aramco to reduce its crude oil production in June by an extra 1...
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172NEWSGlobal Oil Production Q2 Shut-in To Be Largest In History
This year’s second quarter will see the largest volume of liquids production cuts, including shut-in production, in the history of the oil...
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206NEWS
Update: Oil Plunges Below $0 For First Time In Trading History
Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than Monday’s...