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Oil to have largest share of global energy mix until 2045: OPEC
- World oil demand to rise by 17.6 million barrels up to 2045, OPEC says
Libya eyes 62% oil output rise to 2.1 million barrels per day
- Country also aims to produce 4.1 bln. cubic feet per day of gas in onshore and offshore fields to meet increasing gas demand
OPEC+ to slowly ease output after April: Russian min.
-According to current deal of group, member states will increase production by 2.1 million bpd until end of July
OPEC+ meeting to test ability to keep market tight
- Amid concerns of group's likely decision to raise output, experts say meeting will also reflect group’s strength, coherence
OPEC foresees recovery of oil market in 2021
- Speaking at group’s Joint Technical Committee meeting, OPEC Secretary General stresses cautious optimism
OPEC says attack on Aramco's fuel tank 'cowardly act'
-No supply chains were affected, says OPEC chief
World energy demand to rise 0.9% per year to 2045: OPEC
- Oil will remain fuel with largest share of global energy mix until 2045 with more than 27%
OPEC prepares to ease oil production cut to 7.7 mbpd
- "Excess oil will be used for domestic consumption in oil producing nations," Russian energy minister says
15.07.2020
Oil
OPEC+ hopes to cut 20M not 10M barrels per day: Trump
- OPEC+ countries agreed late Sunday to cut their collective oil production by 10 million bpd starting next month
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Developing states to lose up to 85% oil, gas pay in '20
- Heads of International Energy Agency, Organization of Petroleum Exporting Countries discuss global oil markets over phone
Iraqi oil facilities secure: OPEC Secretary General
- Iraq can reach 100% compliance with OPEC cuts in time despite current tensions: OPEC Secretary General says
Non-OPEC unplanned oil outages at lowest since 2011
- Unplanned oil supply outage from non-OPEC members falls to 64,000 barrels per day in August
Global oil supply falls in April 2019
- OPEC crude oil production stays marginally unchanged from previous month to average 30.03 million barrels per day
Global crude output falls in February '19
- February OPEC output drops by 240 thousand barrels per day, on losses in Venezuela and lower output from Saudi Arabia & Iraq
OPEC saved oil collapse, US stopped chaos: Barkindo
- "Decisions that OPEC took literally rescued this industry from total collapse," Secretary General Barkindo says
Trump thanks Saudi Arabia for low oil prices
- 'Oil prices getting lower. Great! ... Thank you to Saudi Arabia, but let’s go lower!' president writes on Twitter
Global oil supply rises in August: OPEC
- In August, OPEC crude oil production shows increase of 278 thousand barrels per day to average 32.56 million barrels per day
OPEC oil production rises in June
- Share of OPEC crude oil in total global production remains unchanged at 33% in June compared with previous month