Five conditions are needed to solve the crisis to get it over with the terrorist groups.
Read More »US Oil Surge $75 after Iran Threatened will Block Middle East Shipments
Iranian President Hassan Rouhani said: ``It has no meaning for Iranian oil not to be exported. while the region’s oil is exported"..
Read More »OPEC Oil Output Climbs in June as Saudi Opens Taps
Nigerian supply dropped due to loading delays affecting several of the country'.s crude streams.
Read More »Thanks to Rising Oil Prices. Saudi Economy Grows 1.15% in the First Quarter
Oil prices have been steadily rising since early 2016. when OPEC and non-OPEC producers struck a deal to cut output.
Read More »OPEC Meet in Vienna Today
The 14-nation OPEC cartel and its 10 non-member partner nations. known as OPEC+. together account for more than 50 percent of the world'.s oil supply.
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 »`We have to be Sensitive to All Member Countries.`Al-Falih Says of OPEC Oil Cuts
Falih said any raising of output would be measured.
Read More »NOPEC Act would Allow US to Sue OPEC for Manipulation Oil Prices
Higher oil prices help U.S. shale producers.
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 »OPEC May Oil Output Hits New Low on Nigeria. Venezuela
OPEC oil output fell to a 13-month low in May.
Read More »