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Showing posts with label OPEC production quota. Show all posts
Showing posts with label OPEC production quota. Show all posts
Saturday, June 06, 2020

'e-OPEC' agrees 9.7mbpd cut extension by a month

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We here again, albeit via webcam! As widely anticipated, oil producers' group OPEC has agreed to recommend a roll over its existing 9.7 ...
Wednesday, November 30, 2016

OPEC agrees output cut of 1.2m bpd to 32.5m bpd

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OPEC has agreed to cut production by 1.2 million barrels per day (bpd) to 32.5 million bpd at the conclusion of its 171st meeting of mini...
Wednesday, February 17, 2016

Ho hum moves for fewer oil drums

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In case you have been on another planet and haven’t heard, after weeks of chatter about coordinated oil output cuts by OPEC and non-OPEC ...
Tuesday, December 08, 2015

Crude oil tumbles as OPEC stumbles

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Having been to every single OPEC ministers’ summit since 2008, the Oilholic thought he’d seen it all. Not quite it seems; when the 168th ...
Friday, December 04, 2015

Saudis, Iranians not budging - short baby short!

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It’s not official yet, but highly likely that an OPEC quota cut is not on cards as the Saudis won’t budge and the Iranians, hoping to ret...
Wednesday, December 02, 2015

Oil oversupply has triggered risk premium fatigue

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The Oilholic reckons it will take at least another six months in the New Year to ease the current oil oversupply glut. More so, as OPEC i...
Sunday, June 07, 2015

OPEC’s hunt for an ‘equitable’ oil price

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The OPEC meeting is over, quota stays at 30 million barrels per day , and by the way – it was never a quota but rather a recommendation i...
Friday, June 05, 2015

No change at OPEC, 30mbpd is the 'official' quota

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It was over in a jiffy – that’s the best explanation one can come up with. So the OPEC ministers arrived at 10am CET, did their customary...
Wednesday, December 03, 2014

OPEC just about gets the basics right

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On occasion, signs around Austrian bars and shops selling souvenirs humorously tell tourists to get one basic fact right – there are no k...
Thursday, November 27, 2014

Internal wrangles see OPEC quota left at 30mbpd

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Some wanted a production quota cut; others didn’t and in the end it all bottled down to what the Saudis wanted – a rollover of the level ...

Bears in the crude jungle don’t scare Al-Naimi

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Having had enough of briefing scribes and analysts over the past few days and giving little away, Saudi Oil Minister Ali Al-Naimi told...
Wednesday, October 15, 2014

That 1980s feeling, Saudi Oil, Ebola & more

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Brent dipped below US$84 per barrel at one point this week while the WTI is holding above the $80 level. It’ll be interesting to note how t...
Wednesday, June 11, 2014

There's something about Mr El-Badri

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The predictable materialised yet again as OPEC held its quota at 30 million barrels per day following the conclusion of its 165th meeting o...

The morning so far at Helferstorferstrasse 17

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The scribes, the analysts, the bloggers and the camera crews are all bundled into the media briefing room as the 12 OPEC ministers begin th...
Sunday, June 08, 2014

OPEC vibes, a Libyan matter & market chatter

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As OPEC prepares to meet for the first time this year, oil ministers of the 12 member nations should feel reasonably content. The hawks a...