Tag Archives: Bloomberg News Agency

Crude has been weighed down by concerns that demand is slowing. but the focus is now shifting back to supply and geopolitical risks.

India imports more than 80% of its oil and around two-thirds of that comes from the Middle East.

The European Commission says Turkey has been drifting further away from the prospect of eventual EU membership.

Saudi Arabia. with the world’s biggest reserves of conventional crude. has long drawn on its prolific deposits to help balance global oil markets.

The oil market is caught in a bind and does not know which way to go or trend.

It looks like the cartel aims for higher oil prices now and will think of regaining market share later.

The IPO project was first announced in 2016 as the cornerstone of the Vision 2030 plan to modernise the Saudi economy.

The meeting decided that the next OPEC and non-OPEC Ministerial Meeting would convene in Vienna. Austria. on December 6. 2019.

Nigeria’s largest independent oil producer plans to spend as much as $5 billion to boost its oil and natural gas production in the next five years.

OPEC nations are bearing the burden of the market-share loss unevenly.