OPEC and other major producers are considering coordinated output restrictions to stem a further drop in prices.
Read More »Oil Price Stable as OPEC. Russia Likely to Agree on Output Cuts Next Week
Crude reserves increased 6.4 billion barrels. or 19.5 percent. to 39.2 billion barrels at year-end 2017.
Read More »Saudi Arabia. China`s Top Crude Supplier
The biggest boost to Saudi exports to China comes from contracts inked with new refineries starting up this year and next.
Read More »Russia Comfortable with $60 b Oil Price
Russia is the key non-OPEC partner in the production cut deal with OPEC.
Read More »Oil Down to Lowest Level in a Year
On Tuesday. the American Petroleum Institute (API) reported an estimated inventory increase of 3.453 million barrels.
Read More »Oil Slips on Record Saudi Output. Markets Eye G20 and OPEC Meetings
Saudi Arabia has been pushing for an OPEC cut. indicating it may reduce supply by 500.000 bpd.
Read More »The Troika of Oil Market Decision Making
The output from the troika is the fastest-growing element in global oil supplies.
Read More »Aramco Eyes Bigger Market Share in Asia despite Output Limitation
Aramco said last week it would sign five crude oil supply agreements with Chinese customers.
Read More »Oil Prices Set For Rebound In 2019
Goldman Sachs believes that the price of oil and other commodities are set for a rebound next year.
Read More »Saudis Considering OPEC Production Cuts
Oil price hit their low for the year Friday as U.S. production continued to grow.
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