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OPEC


The relationship between India and OPEC is more important than ever. Any lingering resentment between India and Saudi Arabia over their crude price dispute earlier this year should be quickly put aside, to focus on the growing importance of each as a consumer and supplier. If OPEC needed a sobering reminder of India’s importance as …

The world’s largest oil-exporting region, the Middle East, aims to become a major exporter of clean green hydrogen energy. The biggest oil producers in the Arabian Gulf have jumped on the hydrogen bandwagon – especially its so-called green variety produced from electrolysis of water using solar or wind electricity – as it gaining momentum with …

WhatsApp Facebook Twitter E-mail Messenger OIL prices will soon begin to weaken and OPEC-Plus will have to make the necessary adjustments in consideration of the lifting of US sanctions on Iranian oil exports. Asian importing countries and international banks must be prepared to receive the receipts from consumers. Oil markets must be prepared to take …

Oil prices are on track for the biggest weekly drop since March, although prices started to rebound on Friday morning as optimism slowly returned to markets. For more energy content, be sure to subscribe to the Oilprice YouTube channel for the latest news and analysis. Friday, May 21, 2021 Oil is heading for the biggest …

The extension of production cuts by OPEC and lower levels of crude oil inventories pushed up benchmark prices. Thus, the actions of the leading upstream company, ConocoPhillips (NYSE: COP) reached pre-Covid levels thanks to additional cash generation from benchmark price growth. According to recent documents, the company announced a debt reduction plan along with quarterly …

The relationship between India and OPEC is more important than ever. Any lingering resentment between India and Saudi Arabia over their row over the price of crude earlier this year should be quickly put aside, to focus on the growing importance of each as a consumer and supplier. If OPEC needed a sobering reminder of …

A 3D printed oil pump jack is seen in front of the OPEC logo displayed in this illustration photo, April 14, 2020. REUTERS / Dado Ruvic / File Photo OPEC said an IEA report suggesting that investors should not fund new oil projects to reduce emissions could lead to oil price volatility if implemented. The …

A landmark report from the International Energy Agency (IEA) this week put the cat among the pigeons by saying it sees no need to invest in new fossil fuel developments if the world is to fight effectively against global warming. ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE Get valuable insights into the energy transition of the global …

May 5, 2021 OPEC’s voluntary production cuts have helped reduce US imports of crude oil from OPEC so far in 2021. However, the comparatively stable US imports of crude oil from Canada are mainly the result of long-term trends. Between 2005 and 2020, U.S. imports of crude oil from OPEC members declined rapidly, but imports …

Oil costs made the primary weekly acquire after three straight weeks of decline, regardless of the rising variety of COVID-19 instances and extra journey restrictions. The Group of the Petroleum Exporting International locations (OPEC) and the Worldwide Vitality Company (IEA) each improved their prospects for oil demand after large declines in oil shares within the …