OPEC’s net oil export revenue lowest since 2004 🔓

May 23, 2017 0

Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004, according to the U.S. Department of Energy and its Energy Information Administration.

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What’s ahead of OPEC meeting this week?

May 23, 2017 0

All eyes are once-again on the anticipated extension of the output product cut agreed between OPEC and non-OPEC producers, with speculation and potential outcomes being voiced ahead of the Thursday’s meeting in Vienna.

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Output cut extension not a surprise: analysts 🔓

May 18, 2017 0

The willingness of Saudi Arabia, Russia and ostensibly the rest of OPEC to extend the production cut isn’t a surprise, except for the addition to the first quarter of 2018, the U.S. energy research firm ESAI Energy said in a memo on Tuesday.

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