oil

OPEC+

OPEC+ is now 3.6 million Bpd below its oil production target | OilPrice.com

By Tsvetana Paraskova – September 19, 2022, 6:43 am CDT OPEC+ fell a whopping 3.6 million bpd below its oil production target in August, widening from 2.9 million bpd in July. While OPEC members were 1.399 million bpd behind their quota, non-OPEC producers were more than two million bpd below their quota. Russia and Nigeria …

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OPEC

Lackluster OPEC quotas won’t solve oil market tensions | OilPrice.com

Yesterday, OPEC and its partners led by Russia he agreed increase its combined oil production by 100,000 barrels per day in September. Reports note that the decision follows calls for more oil from the US and other major consumers. However, an extra 100,000 barrels per day is unlikely to be enough to further lower prices. …

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Bull

Supply disruptions fuel bullish sentiment in oil markets | OilPrice.com

Oil markets are once again bullish as supply shortages mount and global oil demand growth continues unabated. Friday, July 1, 2022 As uncertainty mounts over OPEC+ supply capacity and oil demand rages despite expectations of demand destruction, bullish sentiment is building in oil markets. Now, to add to this bullish sentiment, another form of supply …

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Energy consumption in Texas has reached a record as temperatures rise

Energy consumption in Texas has reached a record as temperatures rise

Overhead power lines were seen during record temperatures in Houston, Texas, USA, February 17, 2021. REUTERS / Adrees Latif Register now and get FREE unlimited access at Reuters.com Register June 6 (Reuters) – Texas demand for electricity is set to break its historic record this week, testing the network’s resilience after this year’s generation problems …

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Russia could be suspended from the OPEC oil agreement. 4 experts state what this could mean for the price of oil and the wider energy market.

Russia could be excluded from the OPEC mining quota agreement after failing to meet WSJ targets. OPEC members discussed the idea as Western sanctions and an EU ban limit oil production in Russia. Here’s what analysts expect could happen to global oil supplies if Russia were excluded from OPEC. loading Something is loading. Some members …

Russia could be suspended from the OPEC oil agreement. 4 experts state what this could mean for the price of oil and the wider energy market. Read More »