The production-cutting pact between the OPEC. Russia and other producers has given strong tailwind to oil prices.
Read More »Iran Asks OPEC to Support against U.S. Sanctions
OPEC governors meet next in October.
Read More »Novak Expects Oil Price Range of $65-75 per Barrel in 2018
The oil price was lower at the beginning of the year than today.
Read More »Oil Prices at $60 pb Suitable for Russia
Saudi Arabia and Russia are reportedly nearing an agreement to jointly increase oil production in the upcoming period.
Read More »Barkindo to be Honored as ‘Africa Oil Man of the Year’
Barkindo took over as Secretary General of OPEC in August 2016.
Read More »Oil Prices to Peak in Mid-2019
Higher oil prices are a key risk to the growth outlook.
Read More »Sonatrach Focus on Petrochemicals
Algeria spent $2 billion on imports of refined products 2017.
Read More »China Commitment With Iran for Oil Imports
Currently. analysts believe the sanctions could take between 200.000 and up to a million bpd of Iranian crude off global markets.
Read More »US Decision on Iran may Trump Government Math. Pinch Fuel Consumers
Economists and investment bankers believe a 10% increase in oil price could raise inflation by 0.2-0.3%.
Read More »Oil Biggest Weekly Rise in a month as Iran Sanctions Loom
Saudi Arabia is ready to offset any supply shortage but it will not act alone to fill the gap.
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