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OPEC officials in Kuwait just a few days ago tried to hash out a strategy ahead of the June 22 meeting.
Read More »Will Saudi Arabia Listen To U.S. Demands For More Oil?
Rosneft Testing Oil Production Increase Ahead of OPEC Talks
Russia and Saudi Arabia have signaled easing of supply cuts.
Read More »Russia has Potential for Increasing Oil Output within Months
Russian Energy Minister Alexander Novak said that returning to oil production levels of October 2016 is one of the options for the future of the OPEC+ deal.
Read More »Barkindo Denounce Under-Investment in Global Oil Industry
Every effort should be made to avoid a potential supply gap.
Read More »OPEC’s Plans to Boost Output have Spooked Oil Market Bulls
Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by 1 million barrels a day.
Read More »Asian and US Stocks Rise on US-N.Korea Summit
In the currency market. the euro bounced back from a low of $1.1646 touched on Friday to trade at $1.1685.
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 »US Oil and Gas Production is Leaving Saudi Arabia and Russia Behind
The EIA estimates that the US pumped the equivalent of 30 million barrels of oil per day in 2017.
Read More »Venezuela could Prompt OPEC to Pump More
India has asked Saudi Arabia for assurances that oil prices will remain stable and moderate.
Read More »OPEC may Decide to Ease Oil Supply Curbs in June
Concerns raised by the United States that oil prices were too high also made the exporting group start internal discussions.
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