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Showing posts with label Helferstorferstrasse 17. Show all posts
Showing posts with label Helferstorferstrasse 17. Show all posts
Friday, December 06, 2019

OPEC+ announces deeper cuts of 500kbpd

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It's official - OPEC+ has decided to "deepen its cuts" by ~500,000 barrels per day (bpd), thereby upping its output reducti...
Thursday, December 05, 2019

On OPEC discipline & deepening cuts

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The Oilholic is back in Vienna, Austria for the 177th OPEC Ministers' meeting and their (now) regular haggling with 10 Russian led no...
Friday, June 28, 2019

Giving OPEC 176 a miss, but not Vienna

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As far as OPEC meetings go, the Oilholic hasn't missed a single one since 2008. Alas, the run had to come to an end at some point and...
Friday, December 07, 2018

OPEC's Friday numbers game

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So here we are back again at Helferstorferstrasse 17 on Friday (December 7), for another packed room at the "5th OPEC and non-OPEC M...
Friday, June 22, 2018

OPEC’s new deal: Fudgy math or fuzzy stats?

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The deed is done and not a single Iranian appeared visibly riled in the end. Following the conclusion of OPEC's 174th Ministerial Mee...
Thursday, November 30, 2017

'R-OPEC' or OPEC? All about Russia at Helferstorferstrasse 17

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The Oilholic has negotiated some serious snowfall to arrive at Helferstorferstrasse 17, OPEC's secretariat in Vienna, Austria for the...
Thursday, May 25, 2017

Two summits, one 'crude' venue

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Holy mackerel! Was there an almighty crush, or was there an almighty crush getting into Helferstorferstrasse 17 this morning.  So man...
Wednesday, May 24, 2017

Seems to be a done deal at OPEC

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The Oilholic is back in Vienna, Austria for the 172nd OPEC Ministers meeting, and this blogger's 10th year of covering 'crude...
Wednesday, November 30, 2016

OPEC agrees output cut of 1.2m bpd to 32.5m bpd

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OPEC has agreed to cut production by 1.2 million barrels per day (bpd) to 32.5 million bpd at the conclusion of its 171st meeting of mini...

He’s making an inventory, checking it twice...

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Full of festive cheer, he’s making a crude inventory, checking it thrice, gonna find out whose Iranian (sorry naughty) and nice – Saudi o...

A right royal ‘crude’ scrum

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The Oilholic is back at Helferstorferstrasse 17, the OPEC secretariat in Vienna, Austria for its 171 st meeting of ministers, and boy di...
Tuesday, December 08, 2015

Crude oil tumbles as OPEC stumbles

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Having been to every single OPEC ministers’ summit since 2008, the Oilholic thought he’d seen it all. Not quite it seems; when the 168th ...
Friday, December 04, 2015

OPEC quota where it was, no figures needed

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OPEC decided to roll over its 'previous quota' published at 30 million barrels per day, but declined to put a figure in its offic...
Friday, June 05, 2015

No change at OPEC, 30mbpd is the 'official' quota

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It was over in a jiffy – that’s the best explanation one can come up with. So the OPEC ministers arrived at 10am CET, did their customary...
Thursday, November 27, 2014

Internal wrangles see OPEC quota left at 30mbpd

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Some wanted a production quota cut; others didn’t and in the end it all bottled down to what the Saudis wanted – a rollover of the level ...
Wednesday, November 26, 2014

OPEC grapples with a buyers’ market

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It’s been a long six months between OPEC meetings with the oil price slipping almost 35% since June and the organisation's own averag...
Wednesday, June 11, 2014

There's something about Mr El-Badri

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The predictable materialised yet again as OPEC held its quota at 30 million barrels per day following the conclusion of its 165th meeting o...