OPEC Watch OPEC extends output cuts by another nine months As expected, OPEC announced yesterday that it, together with Russia and some other non-OPEC producers, would be extending the output cuts by nine months until the end of 2018, with the possibility of... 1st December 2017 · 1 min read
OPEC Watch OPEC appears optimistic about oil market rebalancing Lower OPEC output and brighter prospects for demand mean that the group is likely to be relatively cheerful at its meeting at the end of the month. However, unless the group reduces its production... 13th November 2017 · 1 min read
OPEC Watch Oil market showing more signs of tightening OPEC production rose last month due to increases in Libya and Nigeria. However, estimates of slower non-OPEC output growth and stronger demand offer some hope for rebalancing. 11th October 2017 · 1 min read
OPEC Watch Lower OPEC production likely to be temporary OPEC production fell last month, but early indicators suggest that it is likely to rebound in September. Unless output falls significantly over the next six months, stocks will remain above their five... 12th September 2017 · 1 min read
OPEC Watch Rising OPEC production puts market rebalancing at risk Another rise in OPEC’s production in July has not helped the group’s efforts to rebalance the oil market. However, strong demand and slower growth in non-OPEC output should still help to reduce stocks... 10th August 2017 · 1 min read
OPEC Watch OPEC output surges again Another surge in production in Nigeria and Libya boosted total OPEC production last month. Looking ahead, the group expects non-OPEC supply growth to accelerate next year. 12th July 2017 · 1 min read
OPEC Watch OPEC output jumps Higher production in Nigeria and Libya boosted total OPEC production last month. However, stocks continued to fall and the group revised down its expectations for non-OPEC output this year. 13th June 2017 · 1 min read
OPEC Watch OPEC extends output cuts by nine months As was widely expected, OPEC announced earlier today that it, together with Russia and some other non-OPEC producers, would be extending their output cuts by nine months, until the end of March 2018... 25th May 2017 · 1 min read
OPEC Watch OPEC output falls below target OPEC’s production was relatively flat in April, but the group significantly increased its forecast of non-OPEC output this year again. Whilst this should not prevent the group from rolling over its... 11th May 2017 · 1 min read
OPEC Watch OPEC output falls, but mainly due to supply disruptions OPEC production fell in March but output in the group’s de-facto leader, Saudi Arabia, increased. What’s more, OPEC now expects even faster production growth in the US this year. The OPEC Monthly Oil... 12th April 2017 · 1 min read
OPEC Watch OPEC production falls as compliance improves OPEC continued to reduce its production in February. However, the group also revised upwards its expectations for non-OPEC output. 14th March 2017 · 1 min read
OPEC Watch OPEC reins in production OPEC’s oil production dropped sharply in January as the group’s new output quota came into force. However, Iran, Libya and Nigeria continued to increase output. 13th February 2017 · 1 min read
OPEC Watch Nigeria and Saudi Arabia pull OPEC output lower OPEC oil production fell last month, but this was partly due to temporary disruptions in Nigeria. Meanwhile, the group expects non-OPEC output to increase this year. 18th January 2017 · 1 min read
OPEC Watch Angola, Libya and Nigeria push OPEC’s output higher Further increases in output from Libya and Nigeria will make it more difficult for OPEC to reach their output quota of 32.5m bpd. 14th December 2016 · 1 min read
OPEC Watch OPEC confirms Algiers deal, but real test still to come OPEC’s agreement to cut production by 1.2m bpd, in line with the provisional deal made in Algiers at the end of September, was more ambitious than the market (and we) had expected. However, the focus... 30th November 2016 · 1 min read
OPEC Watch Nigeria and Libya push OPEC’s output higher Another rise in OPEC’s oil output in October underlines how difficult it will be for the group to agree on meaningful cuts at the end of the month, especially as US oil production is also rising. In... 11th November 2016 · 1 min read
