OPEC Watch OPEC production ramps up as Nigeria and Libya return OPEC production rose in September as Libya and Nigeria ramped up exports. Saudi Arabia’s output did fall, but this is likely to be a seasonal effect rather than a policy shift. 12th October 2016 · 1 min read
OPEC Watch OPEC deal not a game-changer for oil markets Last night’s surprise OPEC announcement that it will limit output caused prices to surge. But the lack of details, OPEC’s poor record of compliance with its own quotas and the potential for shale... 29th September 2016 · 1 min read
OPEC Watch OPEC pushes back market rebalancing OPEC production remained at near-record highs in August. What’s more, the group revised up its estimate of non-OPEC output for both this year and next. 12th September 2016 · 1 min read
OPEC Watch OPEC production reaches another new record OPEC production reached a new record in July with the Gulf members showing no signs of wanting to limit output. What’s more, the group revised down their estimate of how much non-OPEC output should... 10th August 2016 · 1 min read
OPEC Watch OPEC point to balanced market by the end of the year OPEC’s oil production slipped in May as disruptions to output in Nigeria outweighed increases in production elsewhere. Meanwhile, the group left all of its major forecasts unchanged but suggested that... 13th June 2016 · 1 min read
OPEC Watch Latest OPEC Report offers no surprises Although OPEC production rose last month, the increase was contained by numerous supply disruptions. This suggests that, once the outages have been resolved, output will grow more strongly, as... 13th May 2016 · 1 min read
OPEC Watch OPEC trims its demand outlook on growth fears OPEC production was stable last month. However, the group has cut its forecast for demand growth this year on fears of slower economic growth in China and Latin America. 13th April 2016 · 1 min read
OPEC Watch US Weekly Petroleum Status Report US crude oil inventories hit a new record for the seventh consecutive time last week, despite a surge in inputs to refineries, a further drop in US oil production and lower imports. On the other hand... 30th March 2016 · 1 min read
OPEC Watch OPEC production dips in February OPEC production fell in February. However, temporary pipeline outages were the cause of most of the decrease in supply, rather than any concerted effort to cut production. Indeed, it is likely that... 14th March 2016 · 1 min read
OPEC Watch OPEC Watch OPEC production rose in January as output rebounded after December’s small fall. Even though demand is set to grow by over 1m bpd this year and non-OPEC supply should fall, bulging stocks and high... 10th February 2016 · 1 min read
OPEC Watch OPEC production dips in December OPEC production slipped in December, led by Saudi Arabia and Nigeria, but the group’s output is still near record highs. Even though demand is set to grow by over 1m bpd this year and non-OPEC supply... 18th January 2016 · 1 min read
OPEC Watch OPEC production driven higher by Iraq OPEC production rebounded in November, led by Iraq, which will only add to the glut of oil in the market. Even though demand is set to grow by over 1m bpd next year and non-OPEC supply should fall... 10th December 2015 · 1 min read
OPEC Watch OPEC’s production falls, led by Iraq OPEC’s oil production fell in October but remains well above target. Global inventories also remained very high. The market will still take some time to return to balance, with prices set to recover... 12th November 2015 · 1 min read
OPEC Watch OPEC’s oil output rises, but supply elsewhere set to stall OPEC’s oil production rebounded a little last month, but slower growth in non-OPEC supplies and strong growth in demand should still help prices to rise over the next few years. 12th October 2015 · 1 min read
OPEC Watch OPEC expects to increase market share OPEC’s oil production appears to have levelled off in the last two months after surging earlier this year. But it will still take years for demand to catch up with supply and the market to rebalance. 15th September 2015 · 1 min read
OPEC Watch OPEC keeps the pumps on full blast Last month’s increase in supply from OPEC adds to the glut of oil already in the market and underlines the cartel’s commitment not to cut output just to support prices in the short term. 11th August 2015 · 1 min read
