The Market Is Ignoring The Surge In U.S. Oil Output
A surge in U.S. oil output in Q4-2021 has gone largely unnoticed by the oil market and oil analysts
Source: oilprice.com
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OPEC's No.2 Fails To Reach Oil Output Quota
OPEC’s second-largest producer, Iraq, is one of the OPEC+ members struggling to boost its oil production as much as its quota in the pact allows, with January output 120,000 barrels per day lower than its production ceiling
Source: oilprice.com
Will OPEC+ Actually Deliver The Extra Barrels It Promised?
OPEC+, in its fastest meeting ever, decided to ease output cuts by another 400,000 bpd, but can the group actually deliver these extra barrels?
Source: oilprice.com
OPEC+ Still Expects Oil Surplus This Year
OPEC+ still expects the global oil market to be in a surplus this year, but has revised the overhang by 100,000 bpd to 1.3 million bpd
Source: oilprice.com
Novak: Russia To Resume Oil Output To 90% Of Pre-pandemic Level
Russia will be able to resume its oil production to 90% of the levels it was producing prior to the pandemic, Russian Deputy Prime Minister Alexander Novak said in an interview on Wednesday
Source: oilprice.com