NOPEC

Markets: OPEC Is Said to Warn Wall Street on NOPEC

Posted on March 14, 2019March 14, 2019 by Mozambique Resources Post

(Bloomberg) — OPEC is sending a clear message to Wall Street banks and big investors: If Washington passes legislation that would allow the U.S. government to sue the cartel, the first victim will be shale.

Industry Analysis: NOPEC to Take Gloves Off, Production Cuts In 2019?

Posted on November 14, 2018 by Mozambique Resources Post

OPEC, in cooperation with non-OPEC member Russia, are currently discussing the option to put another production cut in place. During the recent Joint Ministerial Monitoring Committee meeting of OPEC ministers in Abu Dhabi, a consensus was formed between an overwhelming majority of its members that the current oil market situation again substantiates a production cut in 2019.

Global Industry: OPEC Tells Members Not To Mention Oil Price To Avoid U.S. Legal Risk

Posted on October 18, 2018October 18, 2018 by Mozambique Resources Post

OPEC has urged all its members not to mention specific oil prices, to instead stick to the ‘market stability’ narrative in public comments about oil policies to avoid the risk of potential U.S. antitrust lawsuits for manipulating the market if the United States passes a proposed legislation, Reuters reported on Wednesday, citing sources close to OPEC.

Global Markets: Oil Price to Rise in 2H18 with OPEC, NOPEC Cut Extension

Posted on December 4, 2017December 4, 2017 by Mozambique Resources Post

The OPEC and NOPEC agreement to keep current production restraints in place through 2018 will contribute to an oil price increase in the second half of next year, according to Wood Mackenzie.