Tag Archives: International Organizations

Oil cartel is going to continue the dialogue with shale producers in Q42017 and extend cooperation with the US companies which have not established the contact with OPEC.

Ministers from countries including Kuwait. Venezuela. Algeria. Saudi Arabia. Russia and Oman will discuss production caps on Nigeria and Libya.

Total SA is in talks with Myanmar to supply the country’s most populous city. Yangon. with liquefied natural gas.

Compliance with production cuts by members of the Organization of Petroleum Exporting Countries is excellent.

Arabian Gulf stocks may be roiled by crude.

Crimea is subject to EU sanctions on energy equipment after Russia annexed the Black Sea peninsula in 2014.

A rebalancing of the oil market is progressing more slowly than expected. but it will speed up in the second half of the year.

Nigeria and Libya have been exempt from quotas under the Vienna deal between OPEC and 10 other major oil producers on limiting oil production agreed in November 2016.

Ecuador is doing what other members wish to—ditching a supply deal that has become more painful than gainful.

Iran needs 200 billion dollar investment to develop oil industry which should be supplied through foreign sources.