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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Producers ask to join steel security investigation 🔓

May 19, 2017 0

Crude oil producers have called for their industry to receive the same national security attention from the Trump administration as steel and aluminum, Kallanish Energy sister publication Kallanish learns from the Panhandle Import Reduction Initiative (PIRI).

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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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Shale players relying less on hedging

May 16, 2017 0

U.S. producers have dramatically reduced the use of hedging, a move that some industry watchers say could cuse a break in production gains that have kept prices relatively low, Kallanish Energy learns.

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