OPEC agreed with Russia and other oil-producing allies last month to raise output from July.
Read More »Saudi Arabia`s Problem to Sell Extra Oil After Deal With US
Saudi Arabia and several other members of OPEC have increased exports sharply ahead of sanctions on Iran.
Read More »Rosneft Budget Based on Oil Price of $63 a Barrel
Sechin said last month he was satisfied with oil prices rising to $70-$80 per barrel.
Read More »BMI Revised Forecasts for Saudi`s Economy
GDP growth forecast at 1.9 per cent in 2018 following Opec meeting in June.
Read More »Global Peak Oil Demand Expected in 2036
The global oil and gas industry has significantly increased the pace at which new projects are brought to peak production levels.
Read More »UAE`s Non-Oil Trade with China to Top $58bn in 2018
China is seeking more business in the UAE as part of its free trade pivot.
Read More »Saudi Arabia and Kuwait will Form Co-operative Council
The two countries will probably resume production on two joint oilfields in the south of Kuwait.
Read More »India Must Resist US Pressure. Buy Oil from Iran
Efforts now need to be made on devising a financial mechanism to overcome the US sanctions.
Read More »OPEC Looking for Legal Strategy as U.S. Pushes Anti-Cartel Bill
OPEC pumps about a third of the world’s crude. and the biggest of its 15 members is Saudi Arabia. one of America’s closest friends in the Middle East.
Read More »OPEC Considers Measures in Case Adoption of US Bill against Oil Cartels
OPEC is consulting with lawyers to prepare a strategy to defend against proposed U.S. legislation that could open the cartel up to antitrust lawsuits.
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