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The producers meet on June 22-23 in Vienna and will discuss a gradual easing of the supply cut.
Read More »Saudi Arabia Plans Leaders` Summit This Year for OPEC. Allies
The Oil Price Is At a Crossroads
Capacity cuts implemented by Russia. OPEC and a number of non-OPEC countries have successfully brought excess supply under control and reduced inventory.
Read More »Brent Decline as Saudi. Russia could Support Output Hike
South Korea’s Iranian crude oil imports fell in May to their lowest since January.
Read More »Russia and Saudi Arabia Agree OPEC+ Format should be Extended
Russia and Saudi Arabia planned to sign a mutual agreement which will draw their cooperation in the energy arena to a new level.
Read More »Will Current OPEC Deal Survive?
At the last OPEC meeting in Vienna. the agreement was again extended until the end of 2018.
Read More »Russia. Saudi Arabia Agree to Expand Cooperation to Stabilize Energy Markets
Russia and Saudi Arabia intend to support investment in the oil and gas sector.
Read More »Global Crude Oil Demand Growth is Now Hostage to China. India
There is no immediate reason to expect lower crude oil demand growth in China and India.
Read More »Oil Falls on Lower China Refining Activity. Fresh U.S. Crude Output Record
Russia and Saudi Arabia are set to open the football world cup. which kicks off in Russia on Thursday.
Read More »Russia will Propose `Proportional` Crude Oil Output Increase
Russia has received significant additional earnings from a 40% increase in oil prices over the course of the production cut deal.
Read More »Nobody Wins in a Market with Oil Supply Deficits
The 5-year average is close to balance because of OPEC-led efforts to drain the surplus.
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