Welcome!
OPEC+
Oil & Gas
OPEC output dips in December as UAE improves delivery of cuts
Output from the Organization of Petroleum Exporting Countries fell by 120,000 barrels a day to 27.05 million a day, with the UAE accounting for most of the drop.
11 days ago
Oil & Gas
OPEC+ supply delay won’t prevent oil glut next year, IEA says
World markets will be oversupplied by a hefty 1.4 million barrels a day if the group proceeds with plans to revive output starting in April, the IEA predicted in a monthly report.
December 12, 2024
Oil & Gas
The wrong oil price is truthfully a problem for OPEC+
The longer OPEC+ pushes for too high prices, the deeper the hole it digs for itself, unable to increase production. OPEC+ officials know it, but few dare to speak up.
December 02, 2024
Oil & Gas
OPEC’s dilemma: Another year of supply curbs or price slump
A surplus looms next year even if the cartel cancels the supply hikes entirely, the International Energy Agency forecasts.
November 28, 2024
China Focus
Oil imports into China decline again as top buyer cuts back
China’s oil consumption has been a weak spot for the market, and last month’s decline in inflows came as local refiners cut throughput amid weaker margins.
November 07, 2024
Offshore & Marine
O&M industry: Floating on unstoppable oil
Offshore and marine companies have rallied with the stability of oil prices, but a clean energy future looks the way forward.
August 07, 2024
Oil & Gas
OPEC+ agrees to extend output cuts in bid to support prices
The so-called “voluntary” cuts from key members will continue until the end of 2024.
June 02, 2024
Oil & Gas
How OPEC+ saw its hold on global oil markets fray despite extra production cuts
'The market seems little convinced about the petro-nations'
December 08, 2023
Commodities
DBS, OCBC maintains oil forecast of above US$85/bbl and US$90/bbl respectively with upside bias following Gaza conflict
Unless the conflict reaches a much bigger scale involving multiple parties, DBS believes US$100/bbl levels are unsustainable.
October 10, 2023
Oil & Gas
OPEC+ may push up oil price, but China most important, IEA Says
60% of the growth expected this year in global oil demand is set to come from China, says IEA's Fatih Birol.
June 07, 2023