All publications by tag «OPEC»
2019, September, 11, 11:40:00OPEC OIL PRODUCTION UP 230 TBD
OPEC oil output averaged 29.71 million b/d in August, up 230,000 from July as production increases in Saudi Arabia, the UAE, Nigeria and Iraq offset declines in Venezuela and Libya,
2019, August, 28, 13:00:00OPEC CONFORMITY 159%
The JMMC noted the overall conformity of 159% in July 2019 was 22 pp higher than in June 2019, and the average conformity of 134% since January 2019 was the highest to date in 2019. This high level of overall conformity has offset uncertainty in the market due to ongoing economic growth worries.
2019, August, 23, 11:15:00OPEC EXPORT REVENUES $711 BLN
members of the Organization of the Petroleum Exporting Countries (OPEC) earned almost $711 billion in net oil export revenues in 2018
2019, August, 23, 11:10:00OPEC MARKET SHARE DOWN
Crude oil from the Organization of the Petroleum Exporting Countries made up 30% of world oil supply in July 2019, down from more than 34% a decade ago and a peak of 35% in 2012, according to OPEC data.
2019, August, 7, 12:15:00OPEC OIL PRODUCTION 29.88 MBD
OPEC saw output slide to 29.88 million b/d last month, a fall of 210,000 b/d from June, despite output gains by six of its members
2019, July, 8, 13:00:00OPEC OIL PRODUCTION DOWN ANEW
The 14-member OPEC pumped 29.60 million barrels per day (bpd) last month, the survey showed, down 170,000 bpd from May’s revised figure and the lowest OPEC total since 2014.
2019, July, 5, 11:35:00U.S., BRITAIN IRAN SANCTIONS
British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its confrontation with the West.
2019, July, 2, 14:50:00OPEC EXTENDS CORRECTIONS
In view of the current fundamentals and the consensus view on the outlook for the remainder of 2019, the Conference decided to extend the voluntary production adjustments agreed at the 175th Meeting of the OPEC Conference for an additional period of nine months from 01 July 2019 to 31 March 2020.
2019, July, 2, 14:40:00IRAN HAS BEEN EXEMPTED
Once again, Iran has been exempted from the OPEC output cut deal, Zangeneh told the reporters.
2019, July, 1, 12:00:00OPEC+ OIL PRODUCTION WILL DOWN
OPEC and its allies led by Russia have been reducing oil output since 2017 to prevent prices from sliding amid soaring production from the United States, which has become the world’s top producer this year ahead of Russia and Saudi Arabia.