Oil&Gas 14 August 15:20
There will be a strong case to extend the output cut deal if oil inventories do not come close to the five-year average by the end of March, an expert believes.
Oil&Gas 5 August 12:56
Absent a major supply disruption we are likely to see the same pattern in prices for a while, expert in energy issues Frank Verrastro told Trend.
Commentary 4 August 17:30
Based on preliminary indications, July compliance levels for the 12 OPEC countries involved in the deal were broadly consistent with June, at around 93 percent, an expert said.
Business 29 July 13:36
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) plans to meet in Abu Dhabi, UAE, to discuss the compliance of oil producers, obliged to cut production
Oil&Gas 26 July 16:51
Additional production losses are required for a return of world oil prices to the level of $60 per barrel (bbl) and higher, Tom Kloza, Global Head of Energy Analysis in Oil Price Information Service (OPIS), owned by IHS research company, believes.
Commentary 26 July 15:17
OPEC influence on the world oil market and oil prices is much less significant than some other global and regional events, professor of economics in the US National Defense University, Adjunct Professor in Georgetown University and energy analyst Paul J. Sullivan believes.
Oil&Gas 25 July 17:39
Commentary 25 July 11:25
It will be very difficult for OPEC to maintain compliance with their production cut agreements unless prices begin to improve soon, believes Arthur Berman, an independent US geological consultant.
Oil&Gas 24 July 15:50
OPEC and non OPEC oil producers fulfilled the agreement on cutting oil production by about 90 percent in June, Kuwait's oil minister Essam Al-Marzouk said
Oil&Gas 24 July 15:46
The deal between OPEC and non OPEC oil producers on oil output cut (OPEC+) allowed removing of 350 million barrels of oil from the market, RIA Novosti quoted Russian Energy Minister Aleksandr Novak as saying.