Geopolitical consequences aside. market experts believe that the situation around Qatar may serve to become a positive factor for rising oil prices.
Read More »Oil Slumps to 3-Week Low
Traders covered short positions ahead of OPEC and some of these have now been re-established.
Read More »Libya Biggest Oil Field Recovery Boosts OPEC Country`s Output
Production at Sharara had dropped earlier this month due to technical problems.
Read More »OPEC`s Decision May Support Oil Prices within $50-55
Non-shale non-OPEC production. which has been resilient so far. is likely to require material reinvestment in new and existing projects over the coming years.
Read More »Libya Insists On Keeping Oil Output Cut Exemption
Libya. along with Nigeria and Iran. was exempted from the original agreement.
Read More »OPEC Welcomes Its New Member
Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).
Read More »OPEC Oil Price Continues to Rise
The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.
Read More »UAE A Model for New Oil Market Realities
Over the next two months. the UAE will cut another 278000 bpd. demonstrating its compliance with its quota under the agreement.
Read More »Brent Crude Oil to Rise
Goldman kept its average Brent price forecast for the third quarter of 2017 at $57 per barrel.
Read More »MENA Markets Drop in Line with Oil Prices
MENA markets remained sluggish in April due to drop in trading liquidity and poor investments from both domestic and international investors.
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