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The OPEC monopoly must get prices down now!`` Trump wrote on Twitter.
Read More »Falih: I do not Influence Oil Prices
Novak. Khalid Falih Holding Talks in Algeria
OPEC and non-OPEC countries had agreed to review current oil production as a countermeasure to the lack of Iranian oil caused by the US sanctions.
Read More »OPEC+ Comply with Vienna Agreement in August Achieving 129%
Compliance with supply cuts was 109% in July.
Read More »Russia`s Surgutneftegaz Seeks Dollar Alternative amid US Sanctions Threat
Russia has been subject to Western sanctions since its 2014 annexation of Ukraine´s Crimea region.
Read More »OPEC. Non-OPEC Panel Unlikely to Recommend Further Oil Output Hike
The panel is also unlikely to decide how to distribute the output increase of 1 million barrels per day decided when OPEC and allied producers last met in June.
Read More »Novatek Discovers Hydrocarbons in Utrenneye Field in Siberia
The Arctic LNG 2 project is expected to utilize the 7 billion plus boe of hydrocarbons resources in the Utrenneye field.
Read More »OPEC and Allies Consider Oil Output Boost
OPEC and its non-OPEC allies will gather in Algeria over the weekend to review compliance with existing cuts.
Read More »OPEC and Allies Struggle to Pump more Oil as Iran Supply Falls
Saudi Arabia has made the mistake of trying to compensate for the loss of Iranian supplies with just-in-time replacement.
Read More »U.S. energy secretary tells Russia not to use energy as weapon
The Trump administration welcomes competition with Russia. but Moscow can no longer use energy as economic weapon.
Read More »Saudi`s Supply is Running Short. Oil Prices Fear to Spike
Saudi Arabia is expected to take the issue of balancing the market at the upcoming summit of OPEC.
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