Russia plans to increase its output by 200.000 barrels per day as part of Saturday’s deal.
Read More »Outcomes of the OPEC Meeting
OPEC operates on consensus. and the production limits have always depended on voluntary compliance.
Read More »OPEC Resistance to Saudi Plan as Iraq Objects
Saudi Arabia has enjoyed diplomatic ties with the US for decades.
Read More »OPEC Predicts Sizable Uncertainty in Global Oil Market
OPEC'.s own oil production rose slightly in May. the monthly report showed.
Read More »Saudi Oil Output Rises Above 10 Million Barrels a Day
Iraq on Monday joined Iran and Venezuela in opposing any plans to start boosting crude output.
Read More »Russia`s Gazprom Neft Wants Flexible Quotas in OPEC-Led Deal
Russia'.s largest crude producer Rosneft was also in a position to be able to add 100.000 b d to production in a few days.
Read More »Trump’s Tariffs on EU will Boost Russia-EU Ties
While the EU and the U.S. bicker over tariffs. Russia is boosting its gas trade with Europe.
Read More »US Oil Request Will Not Stop Stockpiles Dwindling
Surging oil demand. particularly in the case of China. is likely to surprise the market to the upside.
Read More »Will Saudi Arabia Listen To U.S. Demands For More Oil?
OPEC officials in Kuwait just a few days ago tried to hash out a strategy ahead of the June 22 meeting.
Read More »World Needs Even More Oil
Woods defends $200 billion projects as needed for world growth.
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