An Important Message For Oilprice Members

  1. Rodent


    Where we are now Monitoring committee recommended a production cut OPEC agreed a cut will be forthcoming Russia went back home to check in with Big Daddy...

    • Rodent Replied
    • 29 replies
    • 15,324 views
  2. Tom Kirkman


    Cartels gonna cartel. The basic premise of a cartel is to restrict supply, in order to drive up prices for the cartel's goods. OPEC's global influence...
      

  3. AV


    OPEC and its allies may re-evaluate plans for reviving oil supplies if the world’s four largest consuming countries go ahead with a coordinated release...

  4. MS


    Some OPEC members are mulling over the possibility of suspending Russia from the OPEC+ deal that limits the amount of crude oil that each...

  5. PP


    According to Reuters, OPEC could raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying, because extending production...
      

    • Pavel Replied
    • 9 replies
    • 3,506 views
  6. Tom Kirkman


    Entertaining and thoughtful article from Tom Luongo.  I certainly don't agree with everything he says, but his viewpoint is worth reading: OPEC Cuts Deep to...

  7. KT


    With Russia and OPEC having agreed to a framework to extend production cuts through 2018, from the Saudi side this must be all about...
      

  8. Marina Schwarz


    So, Nigeria is playing it guardedly and Saudi Arabia's Falih has found it necessary to say the kingdom won't cut alone. If he needs...
      

  9. Marina Schwarz


    There's internal disagreement in OPEC as to what the best price of oil should be. The crack is between Saudi Arabia and Iran. Saudis...
      

  10. Rodent


    Rosneft is now saying that it isn't ruling out the possibility that OPEC may be extended beyond 2018... Merry Christmas oil bulls!

    • Rodent Replied
    • 3 replies
    • 4,963 views
  11. RD


    What will OPEC do?? Here is JPM's take!   Middle East Oil - OPEC+ preview Saudi to drive formalization of deeper cuts to 1.5mb/d and extension to December...

    • Bob D Replied
    • 2 replies
    • 2,688 views
  12. James Regan


    $30Bbl looming for WTI, quite rightly so Russia pressuring for a US cut in production. Why should OPEC and others take the load while...
      

  13. 50 shades of black


    The Joint Ministerial Monitoring Committee (JMMC) reviewed the monthly report prepared by its Joint Technical Committee (JTC), including the overall conformity levels of the...
      

  14. rainman


    OPEC agreed on Monday to extend oil supply cuts until March 2020, three OPEC sources said, as the group’s members overcame their differences in...
      

    • rainman Replied
    • 10 replies
    • 4,399 views
  15. cv


    OPEC eyes response to oil price slump led by Saudi action   OPEC to wait until JMMC in September UAE oil minister says oil fundamentals good Report Saudi...
      

  16. Tom Kirkman


    Here is one of my WhatsApp replies to an oil analyst in the Middle East (who shall remain unnamed).  I was responding to his...

  17. Dheeraj Saini


    LONDON (Reuters) - OPEC has cut oil output in June by 1.25 million barrels per day (bpd) from May levels as it works to...
      

  18. BB


    Saudi "Scorched Earth" strategy violates WTO law and U.S. antitrust law. Can't threaten Producers.  Oil Producers call your Congressional contacts.  Tell the Justice department to get...
      

    • BLA Replied
    • 3 replies
    • 2,881 views
  19. Rodent


    WOWZERS. OPEC hits 149% compliance on the back of Libya and Venezuela, and the most from the UAE. WTI and Brent still down massively...

    • Rodent Replied
    • 3 replies
    • 1,629 views
  20. Brent Hamrick


    Venezuela is trying to save its own "a rse " with this move. They just sold their largest amount of bitcoin to keep the...
      

  21. PP


    OPEC doesn't think about rising oil production, so the crisis in Venezuela and protests in Iran are not so important in this segment of...
      

    • Petar Replied
    • 2 replies
    • 1,732 views
  22. Tom Kirkman


    I have commented ad nauseum about my view that $70.00 Brent seems to be the optimum, sustainable, suitable, long term balance between *most* oil...

  23. Adrian Hernandez


    OPEC may have to hold an emergency hearing soon.   https://oilprice.com/Latest-Energy-News/World-News/OPEC-Prepared-To-Call-Extraordinary-Meeting-As-Oil-Falls.html
      

  24. FM


    OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as...
      

    • franco Replied
    • 6 replies
    • 2,881 views
  25. Rodent


    "OPEC is neither a cartel nor involved in the business of fixing oil prices. It would be a misjudgment to accuse us of such."...

    • Rodent Replied
    • 1 reply
    • 1,603 views
  26. Guillaume Albasini


    The Vienna meeting between OPEC and non-OPEC oil producers on June 22 is expected to oppose the countries with no spare capacity like Iran...

  27. Marina Schwarz


    “There is a readiness to continue cooperation beyond 2018...The mechanism hasn’t been determined yet, but there is a consensus to continue,” Saudi Arabia’s Energy...

  28. DD


    OPEC oil supply sank to a four-year low in March, a Reuters survey found, as top exporter Saudi Arabia over-delivered on the group’s supply...
      

  29. Tom Kirkman


    Let's play an amusing game of Irony. OPEC Meeting Could End Without Decision "The latest remarks from Iran’s Oil Minister are not really encouraging. Bijan Zanganeh...
      

  30. cv


    The OPEC+ joint ministerial monitoring committee (JMMC) meeting on Sunday should be uneventful, at least according to Jason Gammel, an equity analyst at Jefferies. “OPEC...