IMG.gif
Fundamentals

Opec-Plus: Supply Grows Slower Than Agreed Tapering

Copyright © 2021 Energy Intelligence Group
opec/ss1818683573-opec.jpg

The 19 countries in Opec-plus with an output quota produced 35.87 million barrels per day in August, according to Energy Intelligence’s assessment. This is 250,000 b/d more than July yet 150,000 b/d less than the 400,000 b/d in output growth that the alliance had agreed during its July meeting. Further, the aggregate output cut by the 19 countries amounted to 6.23 million, which is 873,000 b/d more than the 5.36 million b/d the group had pledged to reduce for the month. As a result, August compliance resulted in a record 116%.

Hurricane Ida's impacts on refineries in the US is throwing product markets in the Americas for a loop and disrupting trade flows.
Tue, Sep 21, 2021
US crude’s march above $80 has left many wondering how short-cycle shale suppliers might respond. Energy Intelligence examines the factors in play.
Fri, Oct 15, 2021
Mideast Gulf states will rely heavily on their low-cost reserves to see them through the energy transition. But other decarbonization plans are under way.
Thu, Oct 14, 2021