Search ResultsShowing 1 - 10 of 81 results for "OPEC"
Chief economist update: The rise and fall of oil
BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
... 34.0% in 2019 after the the Organisation of Petroleum Exporting Countries, Russia and other oil-producing nations - termed "OPEC+" -- agreed to reduce production by around 500 kb/d (kilo barrels per day) to 2.1 mb/d on December 6 last year. The balance ...
Chief economist update: Oil's well that ends 2019 well
BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
... prices. On December 6, the Organisation of Petroleum Exporting Countries, Russia and other oil-producing nations - termed "OPEC+"" -- agreed to reduce production by around 500 kb/d (kilo barrels per day) to 2.1 mb/d. However, in its latest Oil Market ...
Chief economist update: Oil to slide into 2020
BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
... oil demand has more than negated the production cuts implemented by the Organisation of the Petroleum Exporting Countries (OPEC), Russia and other oil producers. The grouping cut oil output by 1.2 million barrels per day (mpd) starting 1 January 2019 ...
Chief economist update: Oil market slides from bull to bear
BENJAMIN ONG  |  FRIDAY, 7 JUN 2019
... in Venezuela, Libya, Iran and others, plus the implementation of the Organisation of the Petroleum Exporting Countries (OPEC), Russia and other oil producers cut output by 1.2 million barrels per day (mpd) from 1 January 2019, and the rise and rise in ...
Chief economist update: The bad oil
BENJAMIN ONG  |  FRIDAY, 12 APR 2019
... side of the supply-demand equation appears to be shrinking by more. The Organisation of the Petroleum Exporting Countries (OPEC), Russia and other oil producers, cut output by 1.2 million barrels per day (mpd) starting 1 January 2019 that would last ...
Chief economist update: Crude oil to the rescue
BENJAMIN ONG  |  THURSDAY, 17 JAN 2019
... risen by 19.7% since the start of 2019, but at US$60.55/barrel, they remain 29.7% below the 2018 peak. This, despite the OPEC and non-OPEC oil ministers' meeting in Vienna in December last year, where they agreed to cut production by 1.2 million ...
Chief economist update: Cheaper oil greases wheels of growth
BENJAMIN ONG  |  MONDAY, 12 NOV 2018
... believing this. Not after Saudi Arabia and Russia's announcement of no immediate increase in oil production after the OPEC and non-OPEC nations meeting in Algiers on 23 September. Not after US president Donald Trump re-imposed sanctions on Iran as ...
Chief economist update: Oil slick
BENJAMIN ONG  |  WEDNESDAY, 7 NOV 2018
... oil, prices were surging and reaching for the skies. Crude oil price started to take off roundabout April this year after OPEC announced that its production cuts - starting on the 1 January 2017 and supposed to last for six months to June 2017, then ...
OPEC is not to blame
BENJAMIN ONG  |  TUESDAY, 25 SEP 2018
... Russia weren't pleased with US President Trump when they announced no immediate increase in oil production following the OPEC and non-OPEC nations meeting in Algiers on September 23. The decision sent oil prices soaring - Brent oil surged by 3.2% ...
Chief economist update: Crude oil slips
BENJAMIN ONG  |  TUESDAY, 17 JUL 2018
... at the time and WTI oil below US$65/barrel. This, along with Saudi Energy Minister Khalid al-Falih's statement that OPEC would rather have a tighter oil market than end the supply cuts prematurely extended what, at the time, was still a tentative ...
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