Oil Supply Fears Mount As OPEC Underperforms

Oil Supply Fears Mount As OPEC Underperforms

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OPEC fails to boost output as members face capacity woes | Oil and Gas News

OPEC fails to boost output as members face capacity woes |  Oil and Gas News

Even group leader Saudi Arabia did not increase output by as much as permitted by the agreed quota. By Grant Smith and Julian LeeBloomberg Published On 3 May 2022May 3, 2022 The OPEC cartel — which has struggled for many months to revive oil supplies halted during the pandemic — effectively failed to increase output … Read more

OPEC Has Missed Its Oil Output Target Once Again

OPEC Has Missed Its Oil Output Target Once Again

Force majeure in Libya and under-production in Nigeria have led to a much lower increase in OPEC production for the month of April than was called for by the cartel’s supply agreement. According to a Reuters surveyOPEC produced 28.58 million barrels per day in April, meaning that OPEC’s 10 members produced only 40,000 bpd more … Read more

Uncertainty Leaves Oil Prices Stuck At $100

Uncertainty Leaves Oil Prices Stuck At 0

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Demand Destruction Fears Drag Oil And Gas Prices Lower

Demand Destruction Fears Drag Oil And Gas Prices Lower

ReaderUpdate: Whether you are new to the oil and gas industry or an energy market veteran, you will regret not signing up for Global Energy Alert. Oilprice.com’s premium newsletter provides everything from geopolitical analysis to trading analysis, and all for less than a cup of coffee per week. Chart of the Week – US cash … Read more