Goldman Sachs believes that the price of oil and other commodities are set for a rebound next year.
Read More »U.S. President Can’t Live Without OPEC
Saudi Arabia says repeatedly that it won’t balance supply and demand on its own.
Read More »OPEC`s Strategy to Avoid Trumps Anger
OPEC reportedly considered announcing a cut of 1.4 million bpd.
Read More »Low Oil Prices Will Hurt US Shale
Thanks to shale. US oil production surged to a record level of 11.6 million barrels per day earlier this month.
Read More »Oil Prices Remains Weak. Saudi Arabia Vows to Balance Global Glut
The kingdom is considering slashing oil production by up to 1.4 million barrels per day (bpd) with OPEC members.
Read More »Washington Tries to Reduce the Power of Oil Cartel
US President Donald Trump has repeatedly blamed OPEC for rising oil prices.
Read More »OPEC. Allies will Address Oil Price Slump at Vienna Meeting
OPEC and 10 non-OPEC partners. led by Russia. will meet December 6-7 to decide on output policy.
Read More »The Importance of Saudi`s Oil for Trump
Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.
Read More »US Imposes Sanctions on Russian. Syrian and Iranian Companies
The Russian parliamentarians already announced that Moscow will continue fulfilling its commitments with Syria.
Read More »Trump: Breaking with Saudi Arabia would Send Oil Prices `Through the Roof`
Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.
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