UAE exit shakes OPEC’s grip on oil markets
(By Oil & Gas 360) – The United Arab Emirates stepping away from OPEC and the broader OPEC+ framework would…
Tag: OPECs
UAE exit signals OPEC’s declining grip on oil markets | Oil and Gas
Quotable Chris Weafer, the CEO of Micro-Advisory Partners, says the UAE’s OPEC exit frees one million barrels of spare capacity.…
These two countries are the most likely to leave OPEC’s orbit next
The U.A.E. was the “most likely” candidate to leave OPEC, but others may follow. www.marketwatch.com #countries #leave #OPECs #orbit
How Trump’s control over Venezuela’s oil gets him close to a seat at OPEC’s table
‘Control of Venezuela oil is shifting rapidly from boardrooms to governments’, says Nigel Green of deVere Group. www.marketwatch.com #Trumps #control…
How OPEC+’s battle for oil market share could hurt U.S. shale producers
The energy cartel’s latest move suggests that “defending market share now outweighs defending prices,” one economist says. www.marketwatch.com #OPECs #battle…
Oil Steadies as Traders Weigh OPEC+’s Modest Increase to Output
Oil steadied after OPEC+ agreed to raise production at a modest rate next month, highlighting some caution from the group…
How OPEC’s seminar played out
The Hofburg palace receives attendees to the July 9-10 OPEC Seminar conference in Vienna. Ruxandra Iordache | CNBC For centuries,…
OPEC’s new supply shock locks in oil market’s return to surplus
(Bloomberg) — The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring…
OPEC’s New Supply Shock Locks In Oil Market’s Return to Surplus
The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for…