Even with global disruptions and increased demand, global oil supply in 2019 beyond the Organization of the Petroleum Exporting Countries (OPEC) is expected to be broadly unchanged from this year, mostly because of an expected uptick in North American output and project startups in Brazil.
Opec
Articles from Opec
OPEC Chief Praises Canada’s Unconventional Oil, Gas Revolution
Unconventional drilling drew unexpected praise Tuesday from a surprise source — the Organization of the Petroleum Exporting Countries (OPEC).
July 11, 2018
U.S. Onshore Oil Producers Facing ‘Reckoning’ as Prices Rise
Geopolitical events have helped rebalance global crude oil fundamentals, but the ability of U.S. onshore oil operators to ramp up quickly could again throw the market into oversupply, according to Morningstar.
July 6, 2018
OPEC Pumping Up Global Crude Oil Supply; U.S. Onshore Reaction Awaits
Oil prices jumped Friday after the Organization of the Petroleum Exporting Countries (OPEC) secured a compromise, albeit modest, agreement that effectively will add about 600,000 b/d to the market, or around 0.5% of global supply.
June 22, 2018
U.S. Tight Oil E&Ps, OPEC Struggling for Supremacy, Says BP
Natural gas production, which climbed worldwide by 3% in 2017, provided the single largest contribution to primary energy growth, but the showdown between U.S. tight oil producers and the Organization of the Petroleum Exporting Countries (OPEC) continued to bring the drama last year.
June 14, 2018
Trump Tweets and OPEC Reacts, Promising More Global Oil Supply in ‘Near Future’
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, could ramp up more oil to global markets “in the near future” to fill the gap from U.S. sanctions on Iran and the loss of Venezuela output, the Saudi Arabia energy minister said Friday.
May 25, 2018
OPEC Sees Murkiness in Global Markets, but Clear-Eyed on Surging U.S. Liquids Output
Global oil supply outside the cartel that makes up the Organization of the Petroleum Exporting Countries, i.e. OPEC, has recovered since contracting in 2016, but uncertainties remain about where the market may be headed through the rest of this year.
May 15, 2018
U.S. Tight Oil Producers Still Holding Cudgel Over OPEC, Say Analysts
U.S. producers appeared to have won another battle for global oil dominance after the Organization of the Petroleum Exporting Countries (OPEC) on Thursday extended global oil production reductions through at least mid-2018.
December 1, 2017
OPEC to Reduce Crude Oil Output through Mid-2018, At Least
Global oil prices were climbing slightly on Thursday after the Organization of the Petroleum Exporting Countries (OPEC) and its Russian-led allies agreed in principle to keep 1.8 million b/d off the market possibly through 2018.
November 30, 2017
North American Unconventional Oil Proving Resilient, Says OPEC
North American shale and tight oil production should reach 7.5 million b/d in 2021, about 75% higher than in 2016, and peak after 2025, the Organization of the Petroleum Exporting Countries (OPEC) said Tuesday.
November 8, 2017
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