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In the United States. U.S. energy companies last week cut one oil rig. the first reduction in 12 weeks.
Read More »Oil Falls despite OPEC`s Output Rise. Markets Remain Tight
America First vs. Energy Dominance
A trade war is not good for the U.S. oil and gas sector.
Read More »Kazakhstan will not Increase Oil Production at Kashagan This Year
Kazakhstan encourages OPEC'.s decision to increase oil production by 1 mln barrels per day within OPEC+ deal.
Read More »Aramco has 2 Million Barrels Per Day of Spare Capacity
Aramco is currently producing 10 million barrels per day (mbpd) and has the ability to produce 12 mbpd. Amin Nasser. chief executive of Saudi Aramco. said in New Delhi.
Read More »Novak Says a Crude Output Deal for 2019 is already Being Planned
Russia plans to increase its output by 200.000 barrels per day as part of Saturday’s deal.
Read More »World Sees Little Extra Oil if OPEC. Partners Stick to Deal
Iran had demanded OPEC reject calls from U.S. President Donald Trump for an increase in oil supply.
Read More »India and China Set To Form ‘Oil Buyers Club’
India is concerned that the rallying oil prices are hurting its economy.
Read More »OPEC Deal to Raise Oil Production will Control Prices`
OPEC agreed to a modest rise in oil production from next month.
Read More »Saudi Arabia Invites Russia to Join OPEC as Observer
The idea to bump output has been advocated by Saudi Arabia and Russia.
Read More »OPEC. Non-OPEC Producers Arrange to Boost Oil Output
The group equally stated they will meet again on December 4. 2018 to review their decision and its impacts on the market.
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