By Shariq Khan NEW YORK, Nov 30 (Reuters) - Commodity trader Gunvor has held active talks to invest in U.S. oil- and gas-producing assets, which could smooth over ties with the Trump administration after fallout from Gunvor's ​bid to buy sanctioned Russian major Lukoil's foreign assets, two sources familiar with the matter said. Gunvor dropped its bid to buy Lukoil's ‌assets after the U.S. Treasury expressed strong opposition to the move, calling the trading firm "Kremlin's puppet." While Gunvor had bee ...

Core Viewpoint - Oil prices increased by more than 1.5% following the OPEC+ meeting, which opted against previously planned production increases for the first quarter of next year [1] Group 1 - The OPEC+ meeting took place on Sunday, leading to a decision that impacted oil prices [1] - The decision to maintain production levels is expected to influence market dynamics in the upcoming months [1]

OPEC+将维持在明年第一季度暂停增产的计划，原因是全球石油市场出现过剩的迹象日益增多。由沙 特牵头的关键成员国在周日的一系列视频会议后，确认了11月初首次宣布的为期三个月的供应暂停。他 们在声明中重申，该决定反映了对季节性市场状况走弱的预期。OPEC+还批准了一种机制，用于审查 成员国个体的产能，其选择了总部位于达拉斯的咨询公司 DeGolyer and MacNaughton Corp. 进行大部分 评估。 ...

A Texas oil firm is fighting an uphill battle with the state of California to restart crude oil production and sales from three platforms in federal waters offshore Santa Barbara. Houston-based Sable Offshore Corp, led by industry veteran James Flores, is embroiled in contentious legal battles with California’s agencies and attorney general over a project to restore and re-launch a pipeline from the offshore fields to the coast. Faced with California’s opposition and lawsuits, Sable is proposing an altern ...

Core Viewpoint - OPEC+ is conducting a comprehensive audit of its members' oil production capabilities, with updates set to take effect in 2027, in response to the need for more realistic output quotas amid shifting global oil markets [2][4]. Group 1: Audit Methodology and Implementation - The audit, initiated in May, aims to align output quotas with actual production capabilities, utilizing Dallas-based DeGolyer and MacNaughton Corp. for most of the work [2][4]. - The definition of "maximum sustainable capacity" will be based on output achievable within 90 days and maintainable for a year [6]. Group 2: Member-Specific Considerations - Some OPEC+ members, such as the United Arab Emirates and Iraq, have increased their production capacity, while others are facing declines [3]. - Iran has chosen to use the average of its production in August, September, and October as its baseline for the audit [5]. Group 3: Market Context and Implications - The global oil market is experiencing a shift towards oversupply, which may lead OPEC+ to consider new production cutbacks next year [4]. - More realistic quotas resulting from the audit could enhance the credibility of potential production curbs [4]. Group 4: Historical Context and Challenges - The audit process has previously caused friction within OPEC+, exemplified by Angola's departure from the group following a review in 2023 [7]. - Historical practices of applying pro-rata changes to output targets have led to discrepancies between quotas and actual production capabilities [7][8].

Group 1 - The core focus of Crude Value Insights is on cash flow and companies that generate it, highlighting value and growth prospects in the oil and natural gas sector [1] - Subscribers benefit from a 50+ stock model account, which provides in-depth cash flow analyses of exploration and production (E&P) firms [1] - The service includes live chat discussions about the sector, fostering a community for investors [1] Group 2 - A two-week free trial is available for new subscribers, encouraging engagement with the oil and gas investment service [2]

OPEC+ will stick with plans to pause production increases during the first quarter, delegates said, amid growing signs of a surplus in global oil markets.Key members led by Saudi Arabia confirmed the three-month supply pause — first announced at the start of this month — during a video conference on Sunday, according to the delegates, who asked not to be identified as the talks are private.While the hiatus indicates some caution by the Organization of the Petroleum Exporting Countries and its partners after ...

Core Points - OPEC+ countries have agreed to maintain oil output quotas for 2026 and established a mechanism to assess members' maximum oil production capacity [1][4] - Eight OPEC+ countries have reached an agreement to pause output hikes for the first quarter of 2026, coinciding with ongoing U.S. efforts for a Russia-Ukraine peace deal [2][3] - The group currently has over 3 million barrels per day (bpd) of output cuts in place, which represents approximately 3% of global demand [3][4] Production Capacity and Quotas - OPEC+ has paused oil output hikes after releasing about 2.9 million bpd into the market since April 2025 [3][4] - The approved mechanism for assessing maximum production capacity will be used for setting output quotas starting in 2027, a topic that has been challenging due to differing capacities among member countries [4][5] - Some members, like the United Arab Emirates, have increased capacity and seek higher quotas, while others, particularly African nations, have seen declines in production capacity but resist quota cuts [4][5]

The logo of the Organization of the Petroleum Exporting Countries seen outside its secretariat in Vienna, Austria. (Photo: Danil Shamkin)NurPhoto via Getty ImagesOil producers’ group OPEC+ maintained its plan to keep crude output levels unchanged until March 2026 at its latest meeting on Sunday, as market fears over a potential supply glut continue to persist.A potential breakthrough in the Russia-Ukraine War leading to the possible return of sanction-ridden Russian barrels to global supply pool is also see ...

Core Viewpoint - OPEC+ is expected to maintain oil output levels for the first quarter of 2026, reflecting a cautious approach to market dynamics amid concerns of a potential supply glut [1] Group 1 - OPEC+ meetings are scheduled for Sunday, where the decision on oil output levels will be discussed [1] - Delegates indicate a moderation in efforts to regain market share, suggesting a strategic pause in production increases [1] - The decision comes in light of fears regarding an impending oversupply in the oil market [1]