Crude Oil Shortages Beginning To Bite In Key Markets | OilPrice.com
Last month, OPEC and its non-OPEC allies, known as OPEC+, agreed to extend their deep production cuts through July in an effort to rebalance oversupplied markets in the…
production
Why Saudi Arabia Is Desperate To Extend OPEC+ Cuts | OilPrice.com
OPEC+ hopes to reduce global storage volumes with their production cuts, and hopes to extend them through at least, the summer. OPEC’s regular meeting in…
05.13.20: Oil Suit
The Organization of the Petroleum Exporting Countries (OPEC) released its monthly production report today, showing that Venezuela’s oil production has fallen from the numbers that…
Venezuela Oil Exports Climb As OPEC Agreement Kicks In | OilPrice.com
While OPEC begins to scale back oil production to offset at least partially some of the world’s excess oil supply, Venezuela was busy ramping up…
The Problem With OPEC’s Production Cut | OilPrice.com
Market Movers – While the market waits for the critical OPEC+ production cut deal to kick in, early data on OPEC’s April production suggests that…
Trump Orders U.S. Oil Major Out Of Venezuela | OilPrice.com
President Donald Trump has ordered Chevron to start “winding down” its oil production in Venezuela in the latest increase in pressure against the Maduro government…
Is Optimism In Oil Markets Misplaced? | OilPrice.com
Investor Alert: OPEC and its partners are about to orchestrate the largest oil production cut in history, and a small number of oil & gas…
Venezuela fuel shortages hinder food delivery amid coronavirus quarantine
SAN CRISTOBAL/CARACAS (Reuters) – Venezuela’s fuel shortages are causing growing complications for the production and delivery of food to a crisis-stricken nation that is in…
China’s Crude Oil Imports Jumped To Record In 2019 | OilPrice.com
Rising refinery capacity, strategic inventory filling, and flat domestic production resulted in China importing record volumes of crude oil last year, an average of 10.1…
Avoiding hugs, OPEC officials greet with their feet amid virus outbreak
VIENNA (Reuters) – When OPEC ministers descend on Vienna to decide oil production policy, their meetings are usually accompanied by displays of brotherhood between the…
