OPEC+ Closely Watches Chinese Factory Data
While all eyes are temporarily on the Federal Reserve’s rate hike plans and a virtual meeting of OPEC+ ministers–both on ...
Tag: Oil Demand
OPEC’s Oil Production Rises By 120,000 Bpd In December
A rebound in Nigerian production raised OPEC’s oil output in December by 120,000 barrels per day (bpd) compared to November, ...
$100 Oil To Return In 2023
By Alex Kimani - Dec 21, 2022, 3:00 PM CST Portfolio manager Eric Nuttall sees oil returning to $100 per ...
Saudi Energy Minister Says OPEC Predictions Have Been Spot On
In an interview with the Saudi state news agency (SPA), the Saudi energy minister said that despite heavy criticism of ...
Oil Prices Could Sink Without Further OPEC+ Action
Oil prices could sink if OPEC+ acts in line with market expectations and agrees to keep production quotas stable for ...
UAE Denies OPEC+ Production Hike Discussions
The UAE has reiterated that it has not been in any discussions with OPEC members to change the existing agreement, ...
EIA Cuts World Oil Demand Growth For 2023
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed ...
Brent Crude Drops Below $90 On Recession Fears
WTI crude has fallen back to pre-OPEC cut announcement levels, with Brent crude falling back below $90 per barrel on ...
The Implications Of U.S. SPR Withdrawals
The Strategic Petroleum Reserve’s (SPR) oil is sold competitively when the President of the United States of America finds, pursuant ...
Razor-Thin Spare Capacity To Keep Oil Prices Elevated
The post-COVID rebound in economies and oil demand have left global spare oil production capacity at very low levels with ...
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