The UAE minister said stock levels had dropped significantly since the beginning of 2017.
Read More »Saudi Arabia Holds all the Cards despite Iran Threatening to Block oil output
Tehran says it has Iraqi and Venezuelan support to veto any proposal for more output.
Read More »Asian Markets in Negative Territory
In the currency market. the U.S. dollar is trading in the mid 110 yen-range on Monday.
Read More »Oil Drops near $64 as OPEC Clash Looms
OPEC and its allies could consider a production increase of as much as 1.5 million barrels a day.
Read More »China Threatens Duty on U.S. Crude Imports
China on Friday said it would retaliate by slapping duties on American export products. including crude oil.
Read More »India Look for Responsible Crude Oil Pricing from OPEC
Government of India will seek responsible crude oil pricing from OPEC to ensure oil prices remain within common man’s reach.
Read More »OPEC`s Meeting could Prove Bullish for Oil Markets
OPEC+ as the Saudi-Russia alliance is called are mulling an ".ease-off". of compliance.
Read More »With OPEC Meeting. Where Are Oil Prices Headed?
OPEC members. including Saudi Arabia. and other oil producers will meet in Vienna this week.
Read More »Oil Fell on China Tariffs. Expected OPEC Supply Rise
China retaliated by slapping duties on American export products. including crude oil.
Read More »Venezuela Oil Production Dramatic Decline
IEA forecasts that Venezuela’s oil production could drop to Just 800.000 bpd or even lower next year.
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