Oil market was in a much better position than it was last year. which was a result of producers complying with the cuts.
Read More »Anxiety over OPEC Cuts Weighs on Oil
Oil prices have risen by more than 20% since September on the back of expectations for a deal extension.
Read More »Oil Minister leaves Tehran for Vienna to attend OPEC meeting
OPEC members will discuss extension of the body'.s production cut plan to curb the global oil glut and rebalance the market.
Read More »Iraqi Pipeline to Send 1M bpd of Oil to Turkey
Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia.
Read More »Ten Countries may Join OPEC+ Oil Cut Deal
Ten non-OPEC countries will attend the meeting of OPEC+ in Vienna on November 30 to discuss increasing the number of the deal’s participants.
Read More »Oil Falls on Uncertainty over OPEC Deal. Rise in U.S. Inventories
The market had been looking forward to a supportive number due to the pipeline disruption from Canada.
Read More »Russia. Saudi Arabia Clash Ahead of OPEC Meeting
Saudis want production cuts extended through 2018. while Moscow wants flexibility.
Read More »Putin Could be about to Send the Oil Markets into a Tailspin
Oil markets are already showing jitters over the OPEC meeting this week.
Read More »‘World’s Energy Tsar’ Putin Leaves Global Prices on a Knife Edge
Vladimir Putin could send oil markets into a spin by pulling out of the planned extension to the current OPEC-led production cut.
Read More »Moscow May Not Comply with Further OPEC Cut
OPEC. Russia and several other major producers have cut their combined output by about 1.8 million barrels per day since January.
Read More »