The OPEC+ decision to cut its production quota by 2 million bpd has placed the Biden Administration between a rock and a hard place, with oil prices climbing ahead of the mid-terms and very few viable options to counter it.
members, compares two giant oil companies to see which currently presents more value. If you're an investor in the energy space then now is the time to sign up for Any doubt about the cohesion of OPEC+ was put to bed this week as the group's summit in Vienna ended with a 2 million bpd production cut. This cut appears to have achieved exactly what the participating members wanted, namely higher oil prices.
to trigger anti-trust action against the alliance, with legal committees in both chambers of Congress approving legislation that would allow the White House to do so. its new set of sanctions against Russia, including a ban on almost all steel products, a legal basis for a price cap on oil exports to third countries, as well as a further tightening on services involved in the seaborne transport of Russian oil.
force majeure on LNG supplies after it discovered a leak along the Sabah-Sarawak onshore pipeline, jeopardizing term deliveries to Japanese buyers. The government of the Democratic Republic of Congo has formally a request by US climate envoy John Kerry to withdraw some oil blocks from its upcoming licensing round on environmental grounds, saying it would undermine the African country’s development.during flushing measures on a discharge line at Germany’s Brunsbuettel nuclear power plant, which permanently shut down in 2007 and has been in the dismantling process since early 2019.
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OPEC defies Joe Biden with a big output cutMinisters confirmed that they would cut production by 2m barrels a day, an amount equivalent to 2% of the world’s total output
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The Radical Plans To Counter High Oil Prices | OilPrice.comOPEC+’s decision to cut production has sparked discussion in both Washington and EU capitals about reducing OPEC control over energy prices
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OPEC+ Cuts Or Not, White House Wants To Refill SPR | OilPrice.comThe United States is still planning on replenishing the nation’s crude oil emergency stockpiles when the price of oil goes down, White House energy advisor Amos Hochstein said on Thursday.
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3 Oil Stocks To Watch As OPEC+ Presents Largest Production Cut Since 2020 | OilPrice.comOPEC+ set the stage for an even tighter supplied oil market this fall during their Ministerial meeting on Wednesday, a development that could benefit certain oil producers
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Opec+ unleashes shockwaves with big cut to oil production\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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