Tag Archives: Oil Price

Saudis want production cuts extended through 2018. while Moscow wants flexibility.

Oil markets are already showing jitters over the OPEC meeting this week.

Russia'.s oil minister told representatives of gas exporting nations that EU and U.S. sanctions against oil exporter'.s are ".unacceptable.".

Saudi Arabia and Russia have been the drivers of the production agreement.

Iraq’s state oil companies will continue work on Majnoon even without a foreign partner in the mix. come June 2018.

Reports emerged last week that Russia is considering a delay on the decision to extend the cut.

The Norwegian government supports R&.D with financial incentives.

Short term improvement in oil prices may slowdown fiscal reforms.

Last week. Aramco signed US$4.5 billion worth of total contracts with international companies to boost its gas production and processing capacity.

The IEA estimates that U.S. crude oil is expected to rise until reaching a peak in the 2020s of about 17 million bpd.