With US rig activity stalling and Iran sanctions looming. the oil market outlook is tightening.
Read More »OPEC. Allies to Discuss Oil Output Increase Sharing
OPEC. Russia and other non-members agreed in June to return to 100 per cent compliance with oil output cuts that began in January 2017.
Read More »Oil Demand to Hit 100 mmbpd
The trade disputes among some of the leading partners in the world will eventually hurt global economic growth.
Read More »OPEC NOPEC will Discuss 1 Million Bpd Production Boost Next Week
Analysts had expected that Iran would not agree to any specific production boost.
Read More »Aramco Raises Production. Cuts Pricing on most Crudes to Asia
Aramco raised pricing on all grades to Northwest Europe and the Mediterranean region for October.
Read More »Oil Market `Expects` OPEC to Extend Partnership with Other Producers
OPEC'.s next regular meeting is December 3. with non-OPEC partners scheduled to join the talks December 4.
Read More »Oil Prices Decline on Emerging Market Woes. but Looming Iran Sanctions Support
U.S. crude stockpiles fell last week as refineries boosted output amid strong consumption.
Read More »Oil Consumption to Hit 100 Million bpd `Much Sooner` than Projected
World oil consumption would hit 100 million barrels per day later this year. ``much sooner`` than earlier projected.
Read More »Libya. Biggest Contributor to OPEC Oil Output
The second-largest production increase came from Iraq and the United Arab Emirates.
Read More »Saudi Arabia Wants Oil to Stay between $70-$80 A Barrel
Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.
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