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The European Commission says Turkey has been drifting further away from the prospect of eventual EU membership.
Read More »EU will Freeze Flow of Funds to Turkey as Drilling Dispute Escalates
Aramco Awards $18 Billion in Deals to Boost Capacity. despite OPEC Pledge to Restrict Output
Saudi Arabia. with the world’s biggest reserves of conventional crude. has long drawn on its prolific deposits to help balance global oil markets.
Read More »Oil Holds above $57 as Iran Tension Arise Concern over Supply
The oil market is caught in a bind and does not know which way to go or trend.
Read More »OPEC Design to Grasp Market Share from Shale
It looks like the cartel aims for higher oil prices now and will think of regaining market share later.
Read More »Saudi Aramco Restarting Preparations for Mega IPO
The IPO project was first announced in 2016 as the cornerstone of the Vision 2030 plan to modernise the Saudi economy.
Read More »Oil Plunges to $62 despite OPEC’s Output Cut Extension
The meeting decided that the next OPEC and non-OPEC Ministerial Meeting would convene in Vienna. Austria. on December 6. 2019.
Read More »Nigeria’s Largest Oil Independent to Spend $5 Billion to Boost Output
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.
Read More »The Sliding Market Share of OPEC
OPEC nations are bearing the burden of the market-share loss unevenly.
Read More »Saudi Aramco Claims Can Keep Oil Flowing If Hormuz Disrupted
Saudi Aramco operates a pipeline with a capacity of 5 million barrels a day .
Read More »Oil Climbs to a Three-Week High as U.S.-Iran Tensions Simmer
Oil rose to the highest level in more than three weeks as political tensions between the U.S. and Iran continued to simmer. with President Donald Trump announcing plans for further sanctions against the OPEC member.
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