Trick or trend: Saudi Arabia and Russia raise production ahead of June 22 OPEC meeting
At its June 22 meeting OPEC members and other producers, most importantly Russia, are supposed to decide whether or not to raise production above current quotas. However, it increasingly looks like Russia and Saudi Arabia, both of whom favor increasing production in order bring oil prices down and assure consumers that oil prices aren’t about to spike higher, have jumped the gun and started to raise production before any agreement.
OPEC’s Wednesday deadline for an agreement on production cuts nears without a deal
Now Wall Street is talking about language. That isn’t a vote of confidence that OPEC will be able to agree on meaningful cuts to production at its November 30 meeting.
An end to the oil glut? From Russia? In 2017?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...U.S. oil production forecast to fall in 2016 but oil prices predicted lower too on increased Iraqi output
U.S. oil producers will continue to cut output next year but oil prices won’t climb because of increased production (and discounts) from Iraqi
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