Citing a recent decision by the Organization of the Petroleum Exporting Countries and its allies (OPEC-plus) to limit production, the U.S. Energy Information Administration (EIA) on Tuesday raised its forecast for 1Q2021 Brent crude oil prices to $47/bbl, up $5 from projections issued a month earlier. The new Brent price forecast, published Tuesday in the…
Opec-Plus
Articles from Opec-Plus
OPEC-Plus Agrees to Slightly Boost Global Oil Output in January
The Organization of the Petroleum Exporting Countries and its allies, aka OPEC-plus, on Thursday agreed to boost production beginning in January by 500,000 b/d, ending a multi-day standoff over the timing and volume of an output increase because of concerns that new coronavirus outbreaks could dampen demand into early 2021. The cartel and affiliated countries…
December 3, 2020
U.S. Oil Exports Decline Amid Pandemic, Demand Destruction, EIA Says
After setting a record in February, U.S. oil exports declined over four consecutive months amid the shocks of the coronavirus pandemic, the U.S. Energy Information Administration (EIA) said. Demand dropped in March and in the three ensuing months as countries across the globe initiated measures to limit virus outbreaks. With travel and overall activity limited,…
September 22, 2020
NGI The Weekly Gas Market Report
Lower 48 Production Cuts, Economic Reopenings Help Boost WTI Prices
West Texas Intermediate (WTI) crude oil futures have strengthened this week as production cuts take effect and economies begin to partially reopen.
May 19, 2020
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
