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OPEC operates on consensus. and the production limits have always depended on voluntary compliance.
Read More »Outcomes of the OPEC Meeting
The Agreement will not Indicate Particular Volumes
On June 22-23. OPEC + participants will meet in Vienna to discuss options for further implementation of the transaction.
Read More »Russian Gas Giant Gazprom Cut Off from International Capital Markets
The litigation between Gazprom and Naftogaz at the Stockholm Arbitration Institute was related to the terms of a contract on gas transit through Ukraine made eight years ago.
Read More »Total Extends Algeria Gas Exploration Contract
In 2017. Total produced 15.000 barrels of oil equivalent per day (boe d) in Algeria.
Read More »Saudi Arabian and Russian Oil Market Policy to Dominate OPEC summit in Vienna
GCC countries are thinking about the need to replace lost Iranian barrels.
Read More »EU New Renewables Target
EU’s position at the forefront of energy transformation and reflects the new economics of renewable energy.
Read More »Saudi Arabia Plans Leaders` Summit This Year for OPEC. Allies
The producers meet on June 22-23 in Vienna and will discuss a gradual easing of the supply cut.
Read More »The Oil Price Is At a Crossroads
Capacity cuts implemented by Russia. OPEC and a number of non-OPEC countries have successfully brought excess supply under control and reduced inventory.
Read More »Russia in Talks to Build Gas Pipeline Uniting the Korean Peninsula
South Korea is interested in buying 10 billion cubic meters of gas per year from Russia.
Read More »Brent Decline as Saudi. Russia could Support Output Hike
South Korea’s Iranian crude oil imports fell in May to their lowest since January.
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