With Hurricane Harvey battering the heart of the US oil industry in Texas, S&P Global Platts senior writer Herman Wang takes a look at how the fallout from the storm might impact OPEC and its production cut agreement in the weeks to come. Will the hurricane deal a blow to OPEC’s attempt to rebalance the market, just as fundamentals seemed to be turning in the producer group’s favor this summer?
Also on the S&P Global Platts OPEC Outlook podcast, we preview the September 24 meeting of the OPEC/non-OPEC monitoring committee overseeing the production cut agreement, as Saudi Arabia and Russia line up support behind a three-month extension of the deal.
And in our Get to Know an OPEC Member series, this month the podcast focuses on war-torn Libya, which is rebuilding its oil industry after years of civil strife that still simmers today. Neil Quilliam, a senior research fellow at the Chatham House’s Middle East and North Africa program and also a director at energy consultancy Rapidan Group, joins the podcast to discuss Libya’s oil outlook.
Platts OPEC survey: OPEC Aug crude oil output 32.65 mil b/d, down from July on Libya outages
Podcast -- OPEC Outlook: Libya and Nigeria exempt from OPEC cuts, but not from speculation over their futures
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