Novak was a key driver of the push for Libya and Nigeria. whose surging production earlier this year helped to crash oil markets.
Read More »Oil prices rise. but 2018 outlook points to ample supply
Oil prices rose on Monday. although the 2018 outlook points to ample supply despite production cuts led by OPEC.
Read More »Kuwait Aims To Boost Oil Output By 40%
By expanding infrastructure both upstream and downstream. Kuwait is positioning itself to capitalise on rising global energy demand.
Read More »Rosneft Does Not Rule out Global Oil Output Cuts Extended Beyond 2018
Rosneft has plans to jointly develop the Val Shatskogo (Shatsky Ridge) oilfield with Italy’s Eni.
Read More »The biggest voices in oil disagree on 2018 outlook
The two most critical forecasts of global oil markets offer contrasting visions for 2018: OPEC and IEA.
Read More »Oil Prices Increase Amid Fall in US Crude Stocks
Oil markets have increased on the back of a fourth consecutive weekly fall in US crude inventories.
Read More »UAE. Kuwait Target June for Talks on Phasing Out Oil Cuts
The global agreement to limit production is making progress in re-balancing supply and demand for oil.
Read More »Exit Strategy may Prove more of a Challenge for Oil Producers
Russia. the largest producer outside the group. is keen to exit as soon as possible.
Read More »Oil Prices Drop on Increased U.S. Drilling Activity
OPEC and its allies started withholding supplies last January and currently plan to continue doing so throughout 2018.
Read More »Libya Discusses Boosting Oil Output Amid OPEC Cuts
Libya agreed its oil production would not exceed 1 mln bpd. and Libya said it would bring its output in line with the target next year.
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