Crude Oil
Crude Oil , Trade , International
OPEC December Oil Output Rises for Sixth Month Led by Libya
The 13-member OPEC group pumped 25.59 million bbl/d of oil in December, the survey found, up 280,000 bbl/d from November and a further increase from a three-decade low reached in June.
Crude Oil , Trade , International
Oil Prices Rise to 11-month High after Saudi Arabia Pledges Unilateral Output Cut
WTI futures in the U.S. climbed as much as 0.6% to $50.24/bbl, also the highest since Feb. 26, before slipping to $49.96. The contract on Jan. 5 closed up 4.6%.
Crude Oil , Trade , International
Saudi Arabia Deepens Cuts as OPEC+ Agrees Oil Output Rollover
Saudi Arabia is going beyond its promised cuts as part of the OPEC+ group of oil producers to support both its own economy and the oil market, the country’s energy minister says.
Markets , Crude Oil
OPEC+ Resumes Talks Amid Divide on February Oil Output Levels
Russia wants to increase production but others want to hold steady.
Crude Oil , Trade , International
OPEC+ Deadlock Pushes Negotiations over Raising Oil Output to Second Day
The unusual decision to push negotiations into a second day was taken after a three-hour debate in a virtual meeting of OPEC+, which groups OPEC and other producers including Russia.
Crude Oil , Trade , Infrastructure
Venezuela Oil Exports Sink to Levels Not Seen Since 1940s
Pressured by strict U.S. sanctions, Venezuela's oil exports plunged by 376,500 bbl/d in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA.
Crude Oil
What’s Affecting Oil Prices This Week? (Jan. 4, 2021)
In its latest oil price forecast, Stratas Advisors examines fundamentals versus broader market factors.
Crude Oil , International
Reports: Iran Seizes South Korean-Flagged Tanker
Seizure of ethanol carrier comes at a time of tension over South Korea freezing Iranian funds.
Crude Oil , Trade , International
Most OPEC+ Producers Oppose February Output Increase
Most OPEC+ oil-producing countries oppose plans to increase output from February as winter lockdowns to contain the coronavirus choke demand, three OPEC+ sources told Reuters on Jan. 4.
Crude Oil , Trade , International
Russian Annual Oil Output Falls for First Time Since 2008
Russia agreed to reduce its oil production in April last year by more than 2 million bbl/d, an unprecedented voluntary cut, along with other leading oil producers and OPEC.