euronews (August 12)
OPEC and the IEA, “two of the most influential voices in energy markets” released “opposing readings” for 2026, but more harmonious forecasts for 2027. “The IEA now expects the world to burn less oil in 2026 than it did in 2025,” predicting global oil demand will “fall by 1.6 million barrels per day (mb/d) in 2026.” In contrast, “OPEC still expects demand to grow” by 580,000 b/d. Both are, however, bullish on 2027 demand. “OPEC now expects demand to grow by 2.2 mb/d in 2027… while the IEA goes further still at 2.4 mb/d.” Interestingly, “the gloomier forecaster for this year delivers a more bullish read for the next.”
Tags: 2026, 2027, Bullish, Demand, Energy markets, Fall, Forecasts, Grow, Harmonious, IEA, Influential, Oil, OPEC
OilPrice.com (August 2)
“When Iran shut down the Strait of Hormuz, Saudi Arabia quickly redirected its oil flows to the Red Sea. Now, that route has become dangerous because of the Houthi blockade, so Saudi is rerouting to Egypt” where two LNG tankers “just got struck by drones. OPEC’s number-one is running out of options to reroute its oil exports.”
Tags: Dangerous, Drones, Egypt, Houthi blockade, Iran, LNG tankers, Oil exports, OPEC, Options, Red Sea, Redirected, Reroute, Route, Saudi Arabia, Shut down, Strait of Hormuz
OilPrice.com (January 12)
“Regardless of how investable Venezuela will be in the future, the U.S. control over its oil industry would change the power balance in the oil markets, giving the U.S. more sway in longer-term supply. This would leave OPEC and the wider OPEC+ group including Russia and Kazakhstan with potentially diminished clout in influencing the oil market balances and prices.”
Tags: Clout, Control, Diminished, Future, Investable, Kazakhstan, Market balance, Oil industry, OPEC, Power balance, Prices, Russia, Supply, U.S., Venezuela
Bloomberg (April 5)
“The plunge in oil prices over the past two days following the twin shocks of President Donald Trump’s tariffs and the surprise boost in production from OPEC+ has altered the global energy landscape with stunning speed.” The market is frantically “tossing aside expectations for 2025” as Brent crude “tumbled 13% through Thursday and Friday to just over $66 a barrel, casting new doubts on Trump’s quest to aggressively boost US fossil fuel output and achieve ‘energy dominance.’”
Tags: $66, 2025, Altered, Brent, Doubts, Energy landscape, Expectations, Fossil fuel, Market, Oil prices, OPEC, Output, Plunge, Production, Stunning, Surprise, Trump’s tariffs, Tumbled, Twin shocks, U.S.
Bloomberg (January 26)
“Oil fell as President Donald Trump imposed his first set of sanctions and tariffs in a move that highlighted risks to the global economy and to trade.” U.S. tariffs and other sanctions have now been imposed on Columbia, and the Trump “administration has also threatened actions on flows of goods from a host of other nations, including Canada and China.” On top of that economic uncertainty, Trump is advocating for “OPEC to bring down prices, potentially raising the pressure on Russia to end the war in Ukraine.”
Tags: Canada, China, Columbia, Global economy, Oil, OPEC, Prices, Risks, Russia, Sanctions, Tariffs, Threat, Trade, Trump, U.S., Uncertainty, War
Barron’s (September 4)
“Oil prices fell below $70 a barrel on Wednesday despite reports that OPEC+ nations are considering delaying a planned oil output hike in October.” One of the main drivers was ”weakening demand from China.” Other factors included the situation in Libya and “fears about a weakening U.S. economy.”
Tags: 70, Barrel, China, Delay, Fears, Libya, October, Oil prices, OPEC, Output hike, U.S., Weakening, Weakening demand
Bloomberg (August 27)
“Wall Street is beginning to sour on the outlook for crude next year, with Goldman Sachs Group Inc. and Morgan Stanley lowering price forecasts as global supplies increase, including potentially from OPEC+.” Both banks “now foresee global benchmark Brent averaging less than $80” and expect “prices trending lower over the 12 months.”
Tags: Benchmark, Brent, Crude, Forecasts, Global supplies, Goldman Sachs, Morgan Stanley, OPEC, Outlook, Sour, Wall Street
Oilprice.com (October 24)
OPEC recently forecast “that demand for oil is going to continue rising at least until 2045.” In contrast, the just released Energy Outlook from the International Energy Agency forecasts that “demand for oil, natural gas, and coal is set to peak before 2030, which undermines the case for increasing investment in fossil fuels…. While the agency does admit that investment in fossil fuels will remain necessary, it claims the growth era is over.”
Tags: 2030, 2045, Coal, Demand, Energy Outlook, Forecast, Fossil fuels, Growth era, IEC, Investment, Natural gas, Oil, OPEC, Over, Peak
Barron’s (April 21)
“Oil prices have given back almost all of the gains they made after OPEC and its allies surprised the market by agreeing to cut production by 1.2 million barrels a day starting in May. It’s a sign that the oil market is more focused on demand now, and doesn’t see enough evidence that countries are using more oil.”
Tags: Allies, Demand, Gains, Market, Oil prices, OPEC, Production, Surprised
Seeking Alpha (April 5)
“Investors were taken by surprise on April 2nd when news broke that OPEC+…announced unexpected cuts in output. This move came even in spite of a previously rosy forecast for the supply and demand balance that OPEC made public…. Investors would be wise to see this as a bullish development for any company that benefits from higher oil prices. But in particular, the exploration and production companies could be very appealing to consider at this time.”
Tags: Appealing, Bullish, Demand, Exploration, Forecast, Investors, Oil prices, OPEC, Output, Production, Supply, Surprise, Unexpected
