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1 week ago | 
financialpost.com | Grant Smith |Julian Lee |Bill Lehane
Article content(Bloomberg) — OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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Dec 2, 2024 | 
financialpost.com | Grant Smith |Julian Lee |Bill Lehane
The Organization of Petroleum Exporting Countries pumped an average of 27.02 million barrels a day in November, up by 120,000 from the previous month, according to a Bloomberg survey. Libya, restoring output disrupted during a clash between rival governments, accounted for most of the addition. Libya’s vagaries are separate from the core supply agreement between OPEC and its partners, which will meet this week to consider plans to revive production that has been halted since 2022.
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Nov 21, 2024 | 
financialpost.com | Julian Lee
(Bloomberg) — Falling oil prices and an impending period of over-supply could create the perfect opportunity to toughen sanctions on Russian supplies to the point where they actually start to bite into the Kremlin’s war chest, writes Bloomberg oil strategist Julian Lee. We apologize, but this video has failed to load. tap here to see other videos from our team.
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Nov 12, 2024 | 
financialpost.com | Julian Lee
(Bloomberg) — Kazakhstan lowered oil production sharply in October, with maintenance work closing one of its main fields, but still failed to meet its OPEC+ output cuts target. We apologize, but this video has failed to load. tap here to see other videos from our team. Try refreshing your browser, or The Central Asian nation pumped 1.29 million barrels a day in October, according to figures published by the Organization of Petroleum Exporting Countries.
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Nov 12, 2024 | 
financialpost.com | Julian Lee
(Bloomberg) — Russia’s seaborne crude exports rebounded in the latest week, with a jump in cargoes from the Arctic region helping to stabilize the four-week average. We apologize, but this video has failed to load. tap here to see other videos from our team. Try refreshing your browser, or Weekly flows rose by about 260,000 barrels a day in the period to Nov.
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Nov 5, 2024 | 
financialpost.com | Julian Lee
(Bloomberg) — Russia’s seaborne crude exports plunged in the latest week, with the biggest decline since early July dragging down the four-week average. We apologize, but this video has failed to load. tap here to see other videos from our team. Try refreshing your browser, or Weekly flows dropped by about 530,000 barrels a day in the period to Nov. 3, as Russia made no shipments from the Arctic port of Murmansk and just one from Novorossiysk on the Black Sea.
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Oct 19, 2024 | 
financialpost.com | Daniel Flatley |Julian Lee |Ben Bartenstein
(Bloomberg) — A week ago, the US government imposed yet more sanctions on Iran’s oil trade. Crude prices have sagged more than $5 a barrel since. We apologize, but this video has failed to load. tap here to see other videos from our team. Try refreshing your browser, or Oil Prices Show How Numb Traders Have Become to US Sanctions The decline was largely driven by indications that Israel is going to avoid attacking Iran’s oil infrastructure — one of the market’s big concerns.
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Oct 8, 2024 | 
financialpost.com | Julian Lee
(Bloomberg) — Russia’s crude shipments rose to the highest in three months, with more oil available for export after the country’s refineries embarked on seasonal maintenance. We apologize, but this video has failed to load. tap here to see other videos from our team. Try refreshing your browser, or Russia's Four-Week Crude Exports Climb to the Highest Since July Four-week average cargoes grew by about 60,000 barrels a day in the week to Oct. 6, reaching the highest since early July.
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Oct 1, 2024 | 
financialpost.com | Grant Smith |Julian Lee |Bill Lehane
OPEC’s crude production declined sharply last month after a political crisis slashed supplies from Libya. Author of the article:Bloomberg NewsGrant Smith, Julian Lee and Bill LehanePublished Oct 01, 2024 • 2 minute read You can save this article by registering for free here. Or sign-in if you have an account. Emissions stacks at the Valero Energy Corp. oil refinery in Memphis, Tennessee, U.S., on Wednesday, Feb. 16, 2022.
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Sep 3, 2024 | 
financialpost.com | Grant Smith |Julian Lee |Bill Lehane
OPEC’s oil production was little changed last month, as disruption in Libya was offset by marginal gains in other members. Author of the article:Bloomberg NewsGrant Smith, Julian Lee and Bill LehanePublished Sep 03, 2024 • 2 minute read You can save this article by registering for free here. Or sign-in if you have an account. Article content(Bloomberg) — OPEC’s oil production was little changed last month, as disruption in Libya was offset by marginal gains in other members.
