Tag Archives: Oil Market

In 2017. non-OPEC oil supply is projected to grow by 0.84 million barrels per day.

Crude prices fell about 4 per cent this week after US data showed a surprise 3.3 million barrel rise in crude inventories to 513.2 million barrels.

Qatar says move is ".unjustified". and says it carries out its duties in the fight against terrorism.

Both Moscow and Riyadh said cooperation would continue beyond the current agreement.

Last December. Russia and 10 other non-OPEC nations agreed to join OPEC'.s output cuts for the first time in 15 years.

SOMO and Russia'.s Litasco have set up a joint trading company in Dubai to market crude.

Prices edged higher by 0.35% to $48.88 in early trading on Friday.

Trump’s first complete budget proposal. released in part on Monday. would raise $500 million in fiscal year 2018.

Over the next two months. the UAE will cut another 278000 bpd. demonstrating its compliance with its quota under the agreement.

Saudi Arabia and Russia. the world'.s top two oil producers. agreed on Monday on the need to extend output cuts for nine months until March 2018.