Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

Oil Rises 2% on U.S. Gulf Shut Downs, Outlook Weak

Crude settled higher on Tuesday as companies shut down some U.S. Gulf of Mexico oil production ahead of an approaching storm, although surging coronavirus infections and rising Libyan supply limited gains, Trend reports with reference to Reuters. Companies including BP, Chevron, Shell and Equinor ASA evacuated rigs or closed facilities. …

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OPEC Chief Says does not Expect Renewed Oil Collapse

OPEC’s secretary general said on Monday OPEC+ producers did not expect a renewed oil-price collapse as seen in the second quarter, and said producers in the OPEC+ alliance would continue to “stay the course” in balancing the market. OPEC’s Mohammad Barkindo was giving a speech at the virtual India Energy …

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Iraq Invites Int’l Bidders to Mansuriya Gas Field

Iraq has invited international bidders to develop its Mansuriya gas field near the Iranian border, Iraqi Oil Minister Ihsan Abdul Jabbar told the state news agency INA last week. The invitation comes after the termination of a contract with a group led by Turkey’s state-owned Turkish Petroleum Corp. that also …

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