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The UAE'.s state oil producer and energy ministry pledged to help OPEC and allies meet any market shortages this year.
Read More »Abu Dhabi could Raise Output Capacity by 200.000 bpd in 2018
Oil may Surpass $90pb if Iran`s Crude Exports Disrupt
US President Donald Trump sustained attempt to disrupt Iran’s oil exports would push crude prices above $90 per barrel.
Read More »Oil Rose to $74.84 per Barrel as OPEC Agrees to Increase Output
OPEC and its allies have since last year been participating in a pact to cut output by 1.8 million bpd.
Read More »Venezuela to Back OPEC + Decisions aimed at Stabilization of Oil Price
Caracas will support those OPEC + decisions that will lead to an acceptable oil price for all producers.
Read More »India to Ask for Fair Fuel Price in OPEC Meeting
Pradhan said India will raise the issue of the recent fuel price hike at the OPEC meeting.
Read More »Nigeria’s Crude. Second Highest Valued in 2017 Reference Basket
An average of 692.600bd of the country’s crude oil went to Europe in 2017.
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 »The Oil Price Is At a Crossroads
Capacity cuts implemented by Russia. OPEC and a number of non-OPEC countries have successfully brought excess supply under control and reduced inventory.
Read More »Global Crude Oil Demand Growth is Now Hostage to China. India
There is no immediate reason to expect lower crude oil demand growth in China and India.
Read More »Russia will Propose `Proportional` Crude Oil Output Increase
Russia has received significant additional earnings from a 40% increase in oil prices over the course of the production cut deal.
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