January 15, 2019

OPEC To Publish Quotas For New Production Cut Deal

OPEC plans to publish this week the quotas for individual countries under the new OPEC/non-OPEC production cut deal agreed upon on December 7 and in force […]
January 11, 2019

Saudi Arabia Closes $500 Million Wind Farm Deal

Saudi Arabia has made a first tangible step to generate electricity from sources other than oil and gas, awarding a contract on Thursday for the Kingdom’s […]
January 4, 2019

Oil Rises On Hopes Of A U.S.-China Trade Deal

By Irina Slav – Jan 04, 2019, 9:00 AM CST After starting the New Year in the red, crude oil stabilized higher today on reports that […]
December 26, 2018

The Key Swing Producer Behind The OPEC+ Deal

Russia continues to be the key partner of OPEC and its largest producer Saudi Arabia in managing the oil market. For a second production cut deal […]
December 26, 2018

OPEC+ Deal Not Enough To Save The Oil Market

If the goal of the OPEC+ cuts was to boost oil prices, then the deal is clearly failing. OPEC+ is scrambling to figure out a way […]
December 11, 2018

OPEC+ Deal To Be Forged In March

OPEC and its non-OPEC partners are set to officially sign a cooperation agreement in March of next year, the UAE’s energy minister Suhail al-Mazrouei said, according […]
December 10, 2018

Is The OPEC Deal The Start Of A New Rally In Oil?

By Jim Hyerczyk – Dec 09, 2018, 2:00 PM CST U.S. West Texas Intermediate Crude Oil soared on Friday as investors breathe a sigh of relief […]
December 8, 2018

OPEC Surprises Markets With Last Minute Deal

In the last possible minute, OPEC+ managed to agree upon a massive cut of 1.2 million bpd, pushing oil prices up by over 3 percent.  (Click […]
December 7, 2018

Russia May Agree To 200,000 Bpd Cut In OPEC+ Oil Deal

Russia may be ready to cut its oil production by 200,000 bpd as part of a deal with OPEC to reduce oil supply—a higher commitment than […]