Saudi Arabia is trying to convince fellow OPEC members to pump more oil.
Read More »OPEC Reaches a Deal to Hike Output
Saudi'.s Falih suggested negotiations will take place between countries with spare capacity to increase production and those unable to do so.
Read More »Qatar Minister Warns of Slow Return of Investments to Oil Sector
Without further investment. liquids supply would decline steeply leading to major price fluctuations down the line.
Read More »OPEC Struggles to Ease Oil Supply Cuts
Real increase would be smaller than the nominal gain of 1 million bpd. meaning a compromise with Iran remained possible.
Read More »Oil Tariff Quarrel Is Short-Term Gain. Long-Term Pain
U.S. President Donald Trump has called on OPEC to raise production to cool down oil prices.
Read More »Oil Min: OPEC should Stick to Its Production Limits
Zanganeh said that Iran would try to maintain its export levels in the face of US sanctions.
Read More »OPEC Nears Compromise on Oil Output Deal Ahead of Key Vienna Meeting
Most of the shortfall has come from Venezuela. where an economic crisis has savaged the nation’s petroleum production.
Read More »Higher Oil Supply Acceptable if Justified by Demand and Agreed by All OPEC
An increase because of external pressure on OPEC is not acceptable.
Read More »Iran may Accept OPEC Oil Production Increase with Conditions
The condition means no other country has the right to compensate for another country’s oil production decrease.
Read More »Oil Price Steady Ahead of OPEC Meeting
The market is now stuck in an OPEC-wary condition.
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