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OPEC update

12 / 11 / 2018

OPEC update

The Organization of Petroleum Exporting Countries (OPEC) is planning to reduce oil production in 2019, according to reports. Saudi Arabia has called for all major oil producers to each reduce their...

U.S. reimposes economic sanctions on Iran

05 / 11 / 2018

U.S. reimposes economic sanctions on Iran

The U.S. government reimposed further economic sanctions on Iran yesterday (4 November). U.S. President Trump has cited alleged cyber attacks, ballistic missile tests and support for violent...

OPEC update

31 / 10 / 2018

OPEC update

Oil production by the Organization of Petroleum Exporting Countries (OPEC) increased to 33.31 million barrels per day (bpd) in October, up by 390,000 bpd from September and the highest level since...

OPEC update

01 / 10 / 2018

OPEC update

Oil production by the Organization of Petroleum Exporting Countries (OPEC) increased to 32.85 million barrels per day in September, up by 90,000 barrels per day from August’s revised level...

OPEC update

12 / 09 / 2018

OPEC update

The Organization of Petroleum Exporting Countries (OPEC) has forecast 2018 global oil demand at 98.83 million barrels per day, according to reports. Oil demand in 2019 is forecast to increase by...

OPEC update

03 / 09 / 2018

OPEC update

Oil production by the Organization of Petroleum Exporting Countries (OPEC) rose to a 2018 high of 32.79 million barrels per day in August, up by 220,000 barrels per day in July, according to...

Iran's NITC ships oil to China

20 / 08 / 2018

Iran's NITC ships oil to China

According to reports, Chinese buyers of Iranian crude oil are increasingly shipping their purchases through the National Iranian Tanker Company (NITC) in reaction to the first round of U.S....

OPEC update

31 / 07 / 2018

OPEC update

Oil production by the Organization of Petroleum Exporting Countries (OPEC) rose to 32.64 million barrels per day in July, up by 70,000 barrels per day from June and the highest monthly output so...

OPEC update

03 / 07 / 2018

OPEC update

Oil production by the Organization of Petroleum Exporting Countries (OPEC) rose to 32.32 million barrels per day in June, up by 320,000 barrels per day from May, according to reports. This is the...

OPEC agrees to increase production

22 / 06 / 2018

OPEC agrees to increase production

The Organization of Oil Producing Countries (OPEC) held a meeting today (22 June). According to reports, OPEC agreed to collectively increase production by up to 1 million barrels per day, although...