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Oil Prices Sink in Run-Up to OPEC Meet
26 Jul 2024 21:09 GMT
… weighing on today’s prices.
OPEC officials have suggested that the … on many any changes to production cut quotas. While some analysts … group could make changes, OPEC has committed to being careful … prices could put pressure on OPEC’s heavyweights, Saudi Arabia …
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OPEC Oil Reserves in Decline
26 Jul 2024 16:06 GMT
… .
2. OPEC Oil Reserves Decline as Exploration Lags Production
- Global … .
2. OPEC Oil Reserves Decline as Exploration Lags Production
- Global … the country’s total electricity output in the first half … year’s spike in hydropower output has limited the need …
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Russia exceeded Opec+ oil output quota in June
24 Jul 2024 20:30 GMT
… crude oil production in June exceeded quotas set by the Opec+ group … the required output level in July.
It said the production level was … deep output cuts since late 2022.
Under the Opec+ accord, Russia’s production …
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OPEC receives overproduction compensation plans from Russia, Kazakhstan and Iraq
25 Jul 2024 19:12 GMT
… against an average combined output for all the member nations … that it exceeded its OPEC+ production quota in April for … million tonnes, surpassing the OPEC+ production limit.
The Kurdistan region …
Even though Iraq reduced output by 30,000bpd in June …
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Russia Says There Isn’t Discord with OPEC+ over Oil Overproduction
25 Jul 2024 19:25 GMT
… OPEC+ over Moscow’s recent poor compliance with the group’s production … the OPEC+ agreement.
Russia exceeded production volumes in June, but output …
Russia has exceeded its production quota since April and … its over-the-quota output.
Russia promised to fully …
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The US will be an oil production powerhouse through at least 2026, Goldman Sachs says
25 Jul 2024 17:46 GMT
… 2026, despite crude oil production slowing slightly from its … Energy Information Administration.
Oil production will keep growing, just … in a note.
Slowing production, though, will largely be … in supply cuts from OPEC+ and escalating geopolitical tension …
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Kazakhstan Submits Compensation Plans for Excess Oil Production to OPEC
25 Jul 2024 13:16 GMT
… (OPEC) Secretariat received compensation plans from Kazakhstan for its excess production in … 2025.
At the 37th OPEC and non-OPEC Ministerial Meeting this June … , OPEC+ countries agreed to extend their …
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What Is Likely to Happen at Next OPEC+ Meeting?
25 Jul 2024 12:17 GMT
… “Our base case shows OPEC+ unwinding some output in 4Q 2024 as … planned, and then keeping output flat in 2025 at December … in the STEO that this output would come in at … The EIA’s OPEC+ production figures comprise OPEC members subject to OPEC+ agreements, plus …
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Russia's Novak says no friction with OPEC+ over exceeding production quotas
25 Jul 2024 12:16 GMT
… known as OPEC+, have made a series of deep output cuts … due to extended oil output cuts.
OPEC said cumulative overproduction in … sources used by OPEC to determine members' production.
In March, … changing the group's output policy.
(Reporting by Olesya …
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US lawmakers formally introduce OPEC collusion bill
25 Jul 2024 12:17 GMT
… found to have colluded with OPEC over possible price adjustment and … Commission to have colluded with OPEC, its eligibility for federal oil … oil executives collude with OPEC officials – coordinating oil output and prices and …