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OPEC

Academia 3 months ago

New OPEC+ quotas ignite spending surge

The new MSC mechanism for setting output baselines from 2027 looks set to spur investment via a more equitable and transparent capacity measurement system, leading to a more sustainable market.

Markets 8 months ago

OPEC+ to hike petrol output to 548,000 bpd in August

The meeting comes after a 12-day conflict between Iran and Israel, which briefly sent prices above US$80 a barrel.

Academia 9 months ago

PREMIUM
Israel-Iran clash: Navigating the black swan of a regional war

Current volatile dynamic could spiral into a black swan event, where an unforeseen escalation triggers global chaos, defying risk models.

Economy 1 year ago

OPEC+ likely to proceed with planned output hike from October, sources say

Eight OPEC+ members are scheduled to boost output by 180,000 barrels per day in October, as part of a plan to begin unwinding their most recent layer of output cuts of 2.2 million bpd while keeping other cuts in place until end-2025.

Editorial 1 year ago

Suddenly out of gas?

Indonesia’s natural gas exports have declined steadily since 2010, falling by almost half to 21,463 million standard cubic meters last year.

Academia 1 year ago

PREMIUM
Indonesia’s unnecessary bid for nickel cartel crumbles

In the geopolitical context, Chinese dominance over Indonesia’s nickel mining and processing facilities has raised eyebrows among Western countries, particularly the US and its allies.

Economy 1 year ago

OPEC sees robust summer oil demand, economic upside potential

OPEC predicted robust fuel use in the summer months on Thursday and stuck to its forecast for relatively strong growth in global oil demand in 2024, highlighting an unusually large gap between predictions of oil demand strength.

Economy 2 years ago

Angola leaves OPEC in blow to oil producer group

Angola's Oil Minister Diamantino Azevedo said the Organization of the Petroleum Exporting Countries no longer served the country's interests. It joins other mid-sized producers Ecuador and Qatar that have left OPEC in the last decade.

Economy 2 years ago

US oil prices slide below $70 a barrel

West Texas Intermediate oil for delivery in January fell 4.1 percent to finish at $69.38 a barrel. The drop came as markets eyed signs of weakening demand amid skepticism that the OPEC + coalition's efforts will meaningfully restrain supply.

Markets 2 years ago

OPEC plans no immediate action after Iran urges Israel oil embargo, sources say

OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran's foreign minister called on members of the Organization of Islamic Cooperation (OIC) to impose an oil embargo and other sanctions on Israel, four sources from the producer group told Reuters.

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