Tag: OPEC deal

Commercialization, Conventional Fuels

OPEC+ deal saved ‘more than 2 million’ jobs in the US, says Russia’s sovereign wealth fund chief

April 13, 2020

Via: CNBC energy

The OPEC+ deal that’s supporting oil prices could save millions of U.S. jobs, according to the chief executive of Russian sovereign wealth fund RDIF. After days of discussion, OPEC and its allies reached an agreement on Sunday to cut production […]

Commercialization, Conventional Fuels

Oil Prices Spike As OPEC Compliance Hits New Record

May 1, 2018

Via: Energy Collective

The production losses in Venezuela are not a surprise. Output has plunged below 1.5 mb/d, down 600,000 bpd since 2016. The country is in crisis and the recent crackdown on Chevron employees in the country presages more production declines, particularly […]