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Oil production at Kazakhstan'.s Kashagan field will not be increased in 2018 to 370.000 barrels per day.
Read More »Kazakhstan Expects Fair Redistribution of Quotas between OPEC+ Countries
OPEC Ministers Start Talks on Increasing Oil Production
Redistribution of quotas between countries to reduce oil production would become main issue at the meeting.
Read More »OPEC’s Production Hike will Affect Nigeria’s Economic Outlook
OPEC'.s decision will affect economic outlook in Nigeria if the price drops below $51 or if the country is unable to boost its oil production.
Read More »US Oil Rig Count Down but Prices Jump on OPEC News
The loss of a single oil rig did not have much impact on the oil market today.
Read More »Oil Rose to $74.84 per Barrel as OPEC Agrees to Increase Output
OPEC and its allies have since last year been participating in a pact to cut output by 1.8 million bpd.
Read More »Win-Win Deal for Russia & Saudi Arabia
Iran. OPEC’s third-largest producer. was against the agreement at first since the country is facing export-crippling US sanctions.
Read More »OPEC Meeting Uncertainty Rose Oil Prices
The group started withholding supply in 2017 to prop up prices.
Read More »Rosneft Sees Chance to Lift Global Oil Market Share
Earlier this year. Qatar agreed to increase its stake in Rosneft to almost 19 percent.
Read More »Dollar in 11-Month Peak. as Oil Slides Ahead of OPEC
Saudi Arabia is trying to convince fellow OPEC members to pump more oil.
Read More »OPEC Meet in Vienna Today
The 14-nation OPEC cartel and its 10 non-member partner nations. known as OPEC+. together account for more than 50 percent of the world'.s oil supply.
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