OPEC

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OPEC May Need Further Supply Curbs to Balance Market, says Mercuria Chief

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

OPEC may need to cut production further to keep oil prices at current levels in the face of stuttering demand growth and high U.S. output, the CEO of commodities trader Mercuria Energy Group said on Wednesday. U.S. crude production will climb to record levels over the next two years, the U.S. Energy Information Administration (EIA) …

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OPEC December Oil Output Rises Before New Cuts, Angola Exit – Survey

CDN and International News, Conventional Energy, Latest, Oil, OPEC / By

(Reuters) OPEC oil output rose in December, a Reuters survey found on Friday, as increases in Iraq, Angola and Nigeria offset ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market. The Organization of the Petroleum Exporting Countries pumped 27.88 million barrels per day (bpd) last month, the …

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