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Oil prices jumped 2 per cent as US sanctions restricted Iranian crude exports.
Read More »European Markets Dip as Trade War. Brexit Pessimism Weigh
Falih: I do not Influence Oil Prices
The OPEC monopoly must get prices down now!`` Trump wrote on Twitter.
Read More »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 »Iran Letter Reaffirms OPEC Divisions before Meeting
Iran argues one member has no right to steal the quota of another.
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 »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 »Cyprus-Egypt Pipeline Deal could Ease LNG Gas Exports to EU
Cyprus and Egypt are planning to link Aphrodite with the Egypt liquefaction plants in Idku and Damietta.
Read More »Iraq Oil Exports from South Close Hits Record
Crude oil exports from southern Iraq are close to a record-high so far in September.
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