Oil
Share
Church of England Threatens to Withdraw Investment from Oil and Gas
The Church of England has voted in favour of withdrawing investment from companies that aren’t doing enough to tackle climate change. The General Synod, the decision-making body for the Church, said it broadly supported its ongoing strategy of engaging with…
Traders Bet their Oil Storage Assets that OPEC Cuts Will Work
The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited from oversupply. Since January, Glencore, Vitol and Gunvor…
OPEC Secretary General speaks at IP Week conference in London
OPEC Secretary General, HE Mohammad Sanusi Barkindo, two days ago delivered a keynote address at the International Petroleum (IP) Week conference in London. The session was moderated by Manus Cranny, Markets Editor/Anchor, Bloomberg TV, who followed the Secretary General’s speech…
IBC Committees Hold Joint Meeting
Paris hosted recently a joint meeting of two Working Committees (the Modern Technologies and Prospective Oil and Gas Industry Projects Working Committee and the Information and Communications Working Committee) of the International Business Congress (IBC). The meeting was moderated by…
OPEC Meeting in Vienna Last Weekend
In December, OPEC’s production fell by 220,900 barrels a day to 33.085 million barrels a day, with the biggest drops coming from Saudi Arabia and Nigeria, according to secondary source data in the group’s monthly report published on 18 January.…
A Six Month Probation?
The output cuts announced by OPEC and eleven non-OPEC producers have entered their probation period and it is far too soon to see what level of compliance has been achieved. The coming weeks will provide more clarity and in the…
The OPEC Monthly Oil Market Report
The OPEC Monthly Oil Market Report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends…