News stories on OPEC meeting and decisions


Below is a selection of news stories published by ICIS following this major market development and its impact on the global petrochemical industry.

OPEC and non-OPEC producers extend supply pact agreement into 2018 - delegates

...OPEC and non-OPEC producers extend supply pact agreement into 2018 - delegates. Julien Mathonniere. LONDON (ICIS)--OPEC will extend its production-curbing... Thu, 25 May 2017

US 2018 budget proposes to sell crude oil reserves, lease drilling in arctic

...imported 5-6 million barrels of oil per day from OPEC," the budget stated. "Compared to now where imports from OPEC countries are roughly half that amount,... Tue, 23 May 2017

US MX prices gain ground on higher crude, gasoline

...$50/bbl threshold on Friday.   Firmer oil prices were attributed to sentiment that OPEC is likely to extend production cuts at its next meeting on 25 May,... Sat, 20 May 2017

Market outlook: Another wave of US crackers

...oil prices are low. They have fallen back to below $50/bbl. Crude has lost the price gains it made since OPEC and non-OPEC countries reached an agreement... Thu, 18 May 2017

BLOG: Oil prices under pressure as US oil/product exports ramp up

...The Economy by Paul Hodges, which looks at how US oil/products exports are undermining OPEC’s aim to set a $50/bbl price floor. Editor’s note: This... Thu, 18 May 2017

APIC '17: Asia petchem market downtrend persists on poor demand

...lowest level since November 2016 – before the OPEC-led output cuts – on lingering concerns about growing shale oil production in the US, even as OPEC... Wed, 17 May 2017

OPEC’s impact on European olefin markets

Matt Tudball interviews ICIS Olefins Senior Editor Nel Weddle about the December ethylene and propylene contract settlements and the impact of the outcome of the 27 November OPEC meeting.

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