Saudi support is essential for the 13-member Organization of the Petroleum Exporting Countries to renew its agreement .
Read More »Barkindo: OPEC. Non-OPEC Committed to Restore Market Stability
OPEC will review policy for the second half of this year at a May 25 meeting.
Read More »Iran and Middle East could Adopt Fully Renewable Electricity Systems by 2030
According to the study. a fully renewable electricity system could be roughly 50-60% cheaper than other emission-free energy options for the MENA region.
Read More »China Looks Away from OPEC for Oil Imports
Imports into China from non-OPEC countries has risen from just 34 percent to 43 percent over the last five year.
Read More »Schlumberger Invests in South American Shale
Schlumberger is to invest nearly $400million in a shale field in South America.
Read More »Saudi Aramco to Supply Full Crude Contract Volumes to Asia. Offers More Light Oil
Saudi Aramco plans to supply full volumes of crude to least six buyers in Asia in May.
Read More »Rosneft to Prepay $1b for Crude from Iraqi Kurdistan
Under the deal with the KRG. Rosneft will receive its first 600.000-barrel cargo this week.
Read More »Is Extending OPEC Cuts a Done Deal?
Russia’s Energy Minister Alexander Novak said last week that it is too early to talk about an extension.
Read More »Qatar to Boost Gas Production from Underwater Field
Qatar is a small but wealthy member of OPEC that generates most of its income from natural gas rather than crude oil.
Read More »OPEC Chief: Iraq has Pledged to Fully Comply with Oil Cut Deal
The focus is now to re balance the market.
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