(Reuters) – Portfolio investors had become increasingly bearish about the outlook for oil prices in the run up to the meeting of the extended OPEC⁺ group of oil exporters on June 3-4. Hedge funds and other money managers sold the equivalent of 32 million barrels in the six most important petroleum futures and options contracts …
Column: Investors ignore OPEC+ to focus on consumption outlook: John Kemp Read More »
US Secretary of State Antony Blinken’s visit to Saudi Arabia this week is the latest sign of improving relations after last year’s dispute over oil, with collaboration underway on Sudan, Ukraine and space. Joe Biden’s administration has expressed eagerness to repair ties with Riyadh, once one of Washington’s closest allies in the Middle East. That marks a …
Saudi Arabia, US Make Tentative Steps Toward Healing Deep Rift Read More »
We caught up with Joel Smith, Commercial Director for Global Energy Show to talk about the exhibition and what it has to offer. www.globalenergyshow.com
Saudi Arabia pledged an additional production cut in July to stabilize the oil market, ceding ground to two of its key allies — Russia and the United Arab Emirates — which made no commitment to curb further. Here’s what leading analysts have to say about the kingdom’s move to go it alone with a 1 million barrel-a-day …
Here’s What Morgan Stanley to Goldman Say About Saudi Output Cut Read More »
Summary Saudi July production to drop to 9 mln bpd OPEC extends cuts into 2024 Russian, Nigerian, Angolan targets brought in line with output UAE allowed to raise production in 2024 VIENNA, June 4 (Reuters) – Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal …
Saudi Pledges Big Oil Cuts in July as OPEC+ Extends deal Into 2024 Read More »
Saudi Arabia will make an extra 1 million barrel-a-day oil supply cut in July, taking its production to the lowest level for several years after a slide in crude prices. Summary Saudi July production to drop to 9 mln bpd OPEC extends cuts into 2024 Russian, Nigerian, Angolan targets brought in line with output UAE …
Saudi Arabia Goes It Alone at OPEC+ With Million-Barrel Cut Read More »
LNG2023 is the 20th edition of the world’s largest triennial LNG conference and exhibition, and as the preeminent meeting of the international gas industry brings together senior industry leaders, government representatives, technical experts, and key stakeholders. Up to 15,000 delegates and stakeholders from more than 85 countries will gather at LNG2023 in Vancouver, Canada to …
Summary Cuts could amount to 1 mln bpd – sources Saudi minister told speculators to ‘watch out’ Russia’s Novak expected at Sunday meetings LONDON, June 3 (Reuters) – OPEC and its allies begin two days of meetings on Saturday which may culminate in further production cuts of as much as 1 million barrels per day, …
OPEC+ Begins Meetings Which May Lead to Further Output Cuts Read More »
President Joe Biden is seizing on the debt limit deal he negotiated as an opening argument for reelection, though he faces a tough sell with voters who are skeptical of his performance in office. The agreement mitigated proposed Republican cuts to anti-poverty benefits, reduced government spending far less than the GOP demanded, maintained Biden’s first-term …
Biden Uses Debt-Ceiling Win as Launching Pad for 2024 Re-election Read More »
“Green energy” has 2 problems: 1) It’s not really energy: It doesn’t provide reliable energy. 2) It’s not really green: It has a huge “environmental impact.” By Alex Epstein “Green energy” has 2 problems 1) It’s not really energy: It doesn’t provide reliable energy 2) It’s not really green: It has a huge “environmental impact” The goal …
Commentary: “Green Energy” is neither energy nor green – Alex Epstein Read More »
