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OPEC Statement: OPEC 174th Meeting concludes
OPEC
The 174 th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Friday, 22 June 2018, under the Chairmanship of its President, HE Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of the United Arab Emirates and Head of its Delegation.
Opinion
John Hall / Alfa Energy:
OPEC and NON-OPEC Bond - Market not Convinced
Anadolu Agency
Delegates at the Opec meeting in The 174th Meeting of the OPEC Conference, Vienna. The Conference decided that countries will strive to adhere to the overall conformity level of OPEC-12, down to 100%, as of 1 July 2018 for the remaining duration of the above mentioned resolution. Market reacted Friday closing with Brent Crude: UP US$2.50 at US$75.55 per barrel and WTI: UP US$3.04 at US$68.58 per barrel.
Lagniappe
Annaliese Griffin /Quartzy : In Trump's America,
it's a privilege to now where you children are
Gregory Bull/AP
The world is full of bad things, I know. This ongoing nightmare though,
the thought of what these families are going through—it has shaken
all the parents I know to their core.
________
TOP NEWS
S. Arabia pushing for OPEC raising oil output despite Iran's walk out
Chris Ratcliffe/Bloomberg
In photo, Saudi Arabia Energy Minister Khalid Al-Falih. OPEC+ panel recommends raising supply by nominal 1 million b/d. Actual rise to be smaller as some nations unable to pump more
- Video - What an OPEC deal would mean for the oil market.
By Grant Smith, Elena Mazneva, Annmarie Hordern, and Salma El Wardany
VIENNA
Petroleumworld 06 22 2018
OPEC and its allies reached a preliminary agreement in the face of strong opposition from Iran to boost production by a theoretical 1 million barrels a day — the actual increase will be smaller as several countries are unable to raise output.
Noticias Argentinas
New Energy Minister Javier Iguacel expected to cap oil, fuel prices. Government seen ending energy de-regulation to curb inflation.
By Jonathan Gilbert
BUENOS AIRES
Petroleumworld 06 22 2018
Javier Iguacel has left the road for the oilfield, and that may mean a complete about-face on Argentine energy policies.
NEWS HEADLINES
Friday, June 22 2018
Reuters -Brazil rapporteur favors employees in Petrobras wage dispute, final ruling pending
Reuters -To pump more oil and keep deal in place is OPEC's challenge
John Kemp/Reuters -Consumers will drive oil price rather than OPEC
Reuters - U.S. sanctions hurt oil market stability - Venezuela
Ernest Scheyder / Reuters - Pressure on short term returns will hurt long-term U.S. shale oil investment - Hess
Reuters - Lukoil and ENI considering swapping licences in Mexico
TT Guardian -Trinidad &Tobago to offer offshore oil blocks in bid round
Denis Chabrol /Demerarawaves -Mega hydro power not renewals or oil needed for Guyana's industrialisation - Guyana's Private Sector Commission
Kaieter News -Guyana's PPP open to scrutiny of oil blocks awarded during its time – Jagdeo
Henning Gloystein/Reuters -Oil prices climb Friday on uncertainty ahead of OPEC meeting
OIL PRICES
Real time prices by Bloomberg
Updated: June 22, 2018 23:59 GMT / closing prices
*Average weekly price
Norway 
Olivia B. Waxman/Time: 
Richard Hass/project-syndicate:
Francisco Monaldi/Forbes: 
Francisco Monaldi: 
Stanley Reed/NYT: Saudi Arabia: Will the golden spigot run dry?
Martin Koehring/The Economist : 
Richard N. Hass:
