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HomeOPEC

OPEC

News

Petroleum liquids supply growth driven by non-OPEC+ countries in 2025 and 2026

February 13, 2025 Energi Staff

This article was published by the US Energy Information Administration on Feb. 13, 2025. By Kenya Schott We forecast that worldwide production of petroleum and other liquids in 2025 and 2026 will grow more in non-OPEC+ countries [Read more]

News

EIA forecasts lower oil price in 2025 amid significant market uncertainties

January 21, 2025 Energi Staff

This article was published by the US Energy Information Administration on Jan. 21, 2025. By Jeff Barron and Sean Hill We forecast benchmark Brent crude oil prices will fall from an average of $81 per [Read more]

News

IEA 1, Alberta/Saudi Arabia 0 as OPEC cuts oil demand forecast

January 7, 2025 Energi Staff

This article was published by The Energy Mix on Jan. 7, 2025. By Mitchell Beer After deriding the last 3½ years of net-zero scenarios from the International Energy Agency, the Organization for Petroleum Exporting Countries [Read more]

News

EIA increases oil price forecast following OPEC+ production cut extension

March 21, 2024 Energi Staff

This article was published by the US Energy Information Administration on March 21, 2024. By Jeff Barron and Sean Hill We increased our forecast prices for crude oil and petroleum products for the remainder of [Read more]

News

United Arab Emirates invests to meet 2027 crude oil production capacity goal

February 6, 2024 Energi Staff

This article was published by the US Energy Information Administration on Feb. 5, 2024. By Kimberly Peterson, Eric Han The United Arab Emirates (UAE) has invested heavily in increasing hydrocarbon production capacity and developing midstream [Read more]

News

OPEC+ production cuts drive up sour crude oil price around the world

October 5, 2023 Energi Staff

This article was published by the US Energy Information Administration on Sept. 25, 2023. By Matthew French Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour and heavy, sour grades of [Read more]

News

EIA forecasts crude oil prices will increase through 2024 as demand rises above supply

July 24, 2023 Energi Staff

This article was published by the US Energy Information Administration on July 19, 2023. By Jeff Barron We forecast higher crude oil prices in the second half of 2023 and into 2024 in our latest Short-Term [Read more]

News

EIA expects lower crude oil price for the second half of 2023 and for 2024

May 23, 2023 Energi Staff

This article was published by the US Energy Information Administration on May 22, 2023. By Matthew French We lowered our crude oil price forecast for the rest of 2023 and for 2024 in our May Short-Term [Read more]

News

What is OPEC+ and how is it different from OPEC?

May 9, 2023 Energi Staff

This article was published by the US Energy Information Administration on May 9, 2023. By Sean Hill, Owen Comstock The Organization of the Petroleum Exporting Countries, also known as OPEC, was formed in 1960 by Iraq, Iran, [Read more]

News

US crude oil imports from OPEC down, but imports from Canada remain high

May 6, 2021 Energi Staff

This article was published by the US Energy Information Administration on May 5, 2021. By Jozef Lieskovsky, Matt French, Richard Yan Voluntary OPEC production cuts have been contributing to reduced US crude oil imports from OPEC [Read more]

News

Low oil prices cut almost one million b/d of western Canadian oil supply by mid-May

June 24, 2020 Energi Staff

This article was published by the Canada Energy Regulator on June 24, 2020. To slow the spread of the COVID-19, countries around the world have imposed travel restrictions and stay-at-home orders. This has significantly reduced [Read more]

News

Oil prices volatility at an all-time high

March 30, 2020 Energi Staff

By Jesse Barnett, Jeff Barron This article was published by the US Energy Information Administration on March 27, 2020. Crude oil prices have fallen significantly since the beginning of 2020, largely driven by the economic [Read more]

News

How 2020’s falling oil prices compare to other historic crude markets events

March 25, 2020 Energi Staff

This article was published by the Canada Energy Regulator on March 25, 2020. As of Friday 20 March 2020, the spot price for West Texas Intermediate (WTI) crude oil decreased by 65 per cent from [Read more]

Opinion

IEA Oil Market Report: Taking a breather

September 12, 2019 Energi Staff

This article was published by the International Energy Agency on Sept. 12, 2019. The oil market focus recently has been on demand as growth weakens amidst uncertainty around the global economy, and particularly trade. In [Read more]

Financial

Oil prices fall on rising US crude stockpiles

March 6, 2019 Energi Staff

Oil prices slipped on Wednesday after data from the US Energy Information Administration showed a significant increase in US crude stocks, but a third draw down in gasoline inventories helped underpin crude prices.  Anadarko photo. [Read more]

Opinion

Opinion: NOPEC bills provide useful leverage for the White House

March 1, 2019 Energi Staff

NOPEC bills were introduced into the House of Representatives (HR 948) and the Senate (S 370) early last month, where they were referred to the respective judiciary committees for detailed consideration.  Bloomberg photo. NOPEC bills [Read more]

Opinion

Opinion: Saudi Arabia resumes familiar role as swing producer

February 20, 2019 Energi Staff

Saudi Arabai has demonstrated, once again, that it can always tighten the physical market, boost prices and push the calendar spread into backwardation – if it is prepared to cut its own production enough.  Reuters [Read more]

News

OPEC production sees largest monthly drop since Jan. 2017

January 31, 2019 Energi Staff

According to a survey by Reuters, OPEC production saw its largest monthly decline in two years this month.  The decline is due to the cartel’s most recent supply cut agreement.  Reuters photo. OPEC production down [Read more]

News

Iraq oil production nearly doubled over the past decade

January 11, 2019 Energi Staff

Iraq oil production averaged 4.5 million b/d through Aug. 2018, up from 4.4 million b/d in 2017.  Iraq’s oil production has nearly doubled in the past decade.  Reuters photo. Iraq oil production, consumption on the [Read more] [Read more]

News

OPEC production posts biggest drop in nearly 2 years

January 3, 2019 Energi Staff

Overall OPEC production fell in December according to a survey by Reuters, mostly due to a 400,000 barrel per day cut made by Saudi Arabia.  Iran and Libya posted involuntary production declines.  Reuters file photo [Read more] [Read more]

Posts pagination

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In the Spotlight

Alberta needs a Plan B

by Markham Hislop in Markham on Energy

Oil finally has a competitor (electricity) Alberta already has a Plan A. It’s called the Emissions Reduction and Energy Development Plan. To understand how risky it is, you need to understand OPEC’s “Oil and Gas [Read more]

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Latest News

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  • Methane data and transparency continue to improve, but emissions remain far too high May 8, 2025
  • Opinion: Alberta has long accused Ottawa of trying to destroy its oil industry. That’s a dangerous myth May 8, 2025
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Latest News
  • Africa’s solar boom: What businesses must do now to reap the benefits
  • Methane data and transparency continue to improve, but emissions remain far too high
  • Opinion: Alberta has long accused Ottawa of trying to destroy its oil industry. That’s a dangerous myth
  • Methane data and transparency continue to improve, but emissions remain far too high
  • Well completions per location more than double in Lower 48 states as technology advances
Markham on Energy
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Opinions
  • Opinion: Alberta has long accused Ottawa of trying to destroy its oil industry. That’s a dangerous myth
    May 8, 2025
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    May 5, 2025
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  • Opinion: Banking on LNG exports is a high-risk gamble for Canada’s future growth
    April 23, 2025

News: editor@energi.media

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