Tag: OPEC

Daily news – February 2, 2022 p.m.

DEMOCRATIC REPUBLIC OF CONGO  At least 60 people killed in militia attack in eastern DR Congo. Erikas Mwisi Kambale, Reuters: At least 60 people were...

OPEC+ sticks with plan to gradually boost output, despite Omicron (Al Jazeera)

OPEC+ announced on Tuesday that it is sticking with its plan to gradually boost oil output next month, as the group brushed off concerns...

OPEC taps Kuwait’s Haitham al-Ghais as its next public face (Grant Smith and Fiona MacDonald, Bloomberg, Al Jazeera)

OPEC chose veteran Kuwaiti oil executive Haitham al-Ghais to become the organization’s top diplomat, as the group and its allies navigate a delicate recovery...

OPEC+. OPEC+ expected to stick to output hike as oil prices bounce back (Al Jazeera)

By Grant Smith and Sharon Cho and Jessica Summers - Bloomberg OPEC and its allies are expected to press on with their planned revival of oil production when...

OPEC – OPEC faces longer-term challenges (Chatham House)

Neil Quilliam It was little surprise that Saudi Arabia and the UAE eventually reached a compromise on OPEC production and baselines, despite the high drama at...

(OPEC+) A compromise between Saudi Arabia and UAE

Al Jazeera writes: Saudi Arabia and the United Arab Emirates have reached a compromise deal in a standoff over OPEC+ crude output quotas, according to...

OPEC – OPEC Standoff: Resetting market share (Rachel Ziemba, The Interpreter)

The 1 July OPEC meeting ended in deadlock. Although all the major oil producers agreed in principle to collectively boost production by 400,000 barrels...

OPEC/Saudi Arabia/UAE – Saudi-UAE rivalry takes shape amid OPEC spat and competing hubs (Sean Mathews, Al Jazeera)

The United Arab Emirates’ refusal to agree to a Saudi-backed plan to boost oil output is the latest in an emerging rivalry playing out...

OPEC/Saudi Arabia/UAE – From Saudi-UAE spat to 2020 price war, OPEC drama is nothing new (Al Jazeera)

The ongoing spat between the United Arab Emirates and Saudi Arabia is just the latest dispute in the decades-long history of the Organization of...

OPEC/USA – As OPEC+ talks stall, US shale producers hedge their bets (Sheela Tobben, Kevin Crowley and David Wethe, Bloomberg, Al Jazeera)

As soon as OPEC+ negotiations fell apart on Monday, stoking fears of a supply squeeze and sending oil prices soaring, U.S. shale executives began...

OPEC/USA – Biden administration ‘encouraged’ by ongoing OPEC talks (Jordan Fabian and Josh Wingrove, Bloomberg, Al Jazeera)

Biden administration officials are “encouraged” by ongoing OPEC talks and have spoken with officials in Saudi Arabia and the United Arab Emirates in hopes...

OPEC+ – OPEC+ calls off meeting as UAE, Saudi spat continues (Al Jazeera)

OPEC+ ministers called off oil output talks on Monday after clashing last week when the United Arab Emirates rejected a proposed eight-month extension to...

UAE/Saudi Arabia/OPEC – Explainer: UAE and Saudi Arabia’s spat over OPEC oil production (Al Jazeera)

In a rare public spat between the Gulf state allies, the United Arab Emirates and Saudi Arabia have found themselves at loggerheads over an OPEC plan...

UAE/OPEC – UAE rebuffs plan by OPEC, allies to extend production pact (Al Jazeera)

The United Arab Emirates has pushed back against a plan by the OPEC oil cartel and allied producing countries to extend the global pact...

OPEC+ – OPEC+ to resume talks on Monday after UAE roadblock (Al Jazeera)

OPEC+ will resume talks on Monday after failing to reach a deal on oil output policy for a second day running on Friday because...

Iran/OPEC – OPEC Hopes Iran Won’t Spoil the Party (CSIS)

Ben Cahill OPEC Hopes Iran Won’t Spoil the Party | Center for Strategic and International Studies (csis.org)