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Falih said OPEC and its non-OPEC allies would exit from oil production cuts very gradually and smoothly.
Read More »US Shale Won`t Be Oil Market `Spoiler`
Venezuela Takes Over OPEC Rotating Presidency
Due to the crisis and inability to afford cash for production maintenance. Venezuela is—unwillingly—overcomplying with its share of the OPEC cuts.
Read More »Alexander Novak: more Countries can Join the Agreement
The ministers noted that the level of the deal’s implementation had exceeded 100% in the past five months.
Read More »Iraq Inks Gas Deal with US Company for Southern Field
Iraqi authorities are looking to speed up gas exploitation to help overcome severe electricity shortfalls.
Read More »Oil price growth to $70 per barrel is success of OPEC+ deal
Energy ministers of Russia and Saudi Arabia discussed prospects of cooperation between both countries.
Read More »Next OPEC+ Ministerial Meeting Planned for April
Saudi Arabia’s energy minister urged global oil producing nations on Sunday to extend their cooperation beyond 2018.
Read More »OPEC Corrects Non-OPEC Production Estimates For 2018
Oil prices this month have not been so high in three years.
Read More »IEA: OPEC Compliance Level Stands at 129%
IEA analysts pointed out that the oil market is clearly tightening.
Read More »US Overtake Saudi Arabia and Russia as Top Oil Producer in 2018
US oil production is set to grow faster than previously expected amid a ".volatile". year in 2018.
Read More »US Tries to strengthen its presence in Central Asia
Kazakhstan. US conclude a number of commercial contracts. including in the oil and gas sector.
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