OPEC

Global Oil & Gas: Oil Unchanged as Market Struggles for Direction

Posted on November 17, 2023November 17, 2023 by Mozambique Resources Post

Oil narrowly held onto a four-day winning streak as investors weighed a mixed supply-and-demand outlook. West Texas Intermediate settled unchanged near $78 a barrel, erasing an equities-led morning rally. The US benchmark has struggled for direction — crossing above its 200-day moving average just one week after breaching it on the way down. Prices earlier tested the 13-day moving average, another key resistance level, before retreating. While oil demand is healthy, according to the International…

Markets: “Members to restore market stability during 2019” – OPEC

Posted on March 19, 2019March 19, 2019 by Mozambique Resources Post

OPEC said on Monday that the Joint Ministerial Monitoring Committee (JMMC) convened in Baku, Azerbaijan, for its thirteenth meeting on March 18.

Markets: OPEC Can Make or Break Oil’s Bull Run

Posted on March 19, 2019March 19, 2019 by Mozambique Resources Post

(Bloomberg) — OPEC can make or break oil’s bull run, and hedge funds are betting the cartel will keep fueling the rally.

Markets: Barkindo concerned over anti-OPEC bill, Trump tweets

Posted on March 18, 2019March 18, 2019 by Mozambique Resources Post

OPEC members are increasingly concerned about the passage of anti-OPEC legislation in the US while President Donald Trump’s oil price-focused tweets have added new uncertainties to the market, Mohammad Barkindo, OPEC’s secretary general, said Tuesday at CERAWeek by IHS Markit in Houston.

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.

Nigeria: Country exceeds oil production cuts for February

Posted on March 12, 2019March 12, 2019 by Mozambique Resources Post

Increased production by Nigeria and Iraq above the agreed quota by members of the Organisation of the Petroleum Exporting Countries (OPEC), in February, saw compliance level hitting 79 per cent last month, three per cent above January’s 76 per cent.

Markets: “OPEC To Clear Supply Glut By April” – Goldman

Posted on March 6, 2019March 6, 2019 by Mozambique Resources Post

Goldman Sachs expects OPEC to succeed in clearing what it has deemed excessive oil supply by April, when the latest production cut deal will be reviewed at a meeting of the cartel and its partners.

Global Oil & Gas: What Will Happen at the Next OPEC+ Meeting?

Posted on March 4, 2019March 4, 2019 by Mozambique Resources Post

OPEC+ members will decide to continue with the 1.2 million barrel per day (MMbpd) cuts announced in December to at least the end of the first six-month period, and likely beyond, at the next OPEC+ meeting in April.

Global Industry: “Trump Welcome To Join Dialogue On Oil Market Rebalancing” – OPEC Chief

Posted on February 28, 2019February 28, 2019 by Mozambique Resources Post

U.S. President Donald Trump is welcome to join a dialogue on balancing the global oil market, OPEC Secretary General Mohammad Barkindo told Reuters on Wednesday.

Global Markets: Saudis Hold Firm on Cuts After Trump Tweet

Posted on February 27, 2019February 27, 2019 by Mozambique Resources Post

Saudi Arabia is leaning toward extending OPEC cuts into the second half of 2019, potentially pitting the group against U.S. President Donald Trump’s demand to keep prices down.

1 2 3 … 23 »