Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Licensing rounds
Search
Related Articles
Russian crude displacement impacts Mideast producers
Flows of Urals crude to Asian importers—in particular India—have spiked since Russia’s invasion of Ukraine, according to price reporting agency GX
Aramco hits fresh financial highs
The Saudi oil behemoth is funnelling record earnings into domestic upstream
Adnoc maps out chemicals future
The Emirati oil heavyweight’s downstream strategy takes firmer shape
Oil sees muted spike on EU import ban
The immediate impact of an official EU embargo on Russian crude and products may be outweighed by a longer-term reaction
US struggles with global energy security champion role
The country faces a very particular version of the ‘energy trilemma’
PNZ gas project sparks Tehran’s ire
Kuwait and Saudi Arabia’s domestic scarcity has driven the formal revival of longstanding plans to tap the shared Dorra field
Russia mulls producer support
The Kremlin may change rules to soften the blow of any drop in production
Russian crude exports see partial rebound
Volumes have risen in recent weeks amid an uptick in flows to East Asia, says analytics firm Vortexa, while even in Europe the picture is mixed
Baghdad and Erbil face off
Representatives from the federal and Kurdistan authorities have held in-person talks as they look to resolve a decade-old dispute over oil
Gulf oil producers dust off costlier projects
The market upswing is driving investment in untapped reserves and field redevelopments previously considered commercially unviable
Opec continues to stick the 2020 output restraint deal
Opec Saudi Arabia UAE Iraq Oil markets
Ian Simm
25 February 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Opec’s swing producers to stick to deal

Opec’s top producers are unlikely to deviate from an agreement that has brought market stability and buoyed prices

Saudi Arabia has continued to reject calls from the US to increase oil production as Brent crude hovers around $90-100/bl. The latest rejection comes amid increased speculation that the Kingdom and the UAE—holders of the bulk of global spare production capacity—could break from the 2020 output restraint deal signed between Opec and ten non-member countries in order to increase their market share and make the most of current prices. The US State Department’s energy envoy, Amos Hochstein, and National Security Council Middle East coordinator, Brett McGurk, held talks with Saudi officials in Riyadh in February with the goal of pressuring the country to raise production and stabilise the market.

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Chinese policies hint at future gas plans
26 May 2022
The 14th Five-Year Plan is underway, and the specific roadmap for gas is due later this year
Russian crude displacement impacts Mideast producers
26 May 2022
Flows of Urals crude to Asian importers—in particular India—have spiked since Russia’s invasion of Ukraine, according to price reporting agency GX
Reabold aims for project conveyor belt
26 May 2022
The firm hopes to take advantage of a shift in UKCS M&A dynamics
Invictus sees gas opportunities in Zimbabwe
25 May 2022
Managing director Scott MacMillan tells Petroleum Economist about how the once-pariah African state is changing for the better

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2022 The Petroleum Economist Ltd
Cookie Settings
;

Search