Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

OPEC doesn’t expect significant drawdowns in oil inventories in the first quarter of 2018.

Petronas confirms its exit from the Majnoon oilfield. Iraq. together with Shell.

Russia has been pushing for a timely exit from the cuts to make sure the market doesn’t overheat.

Novak was a key driver of the push for Libya and Nigeria. whose surging production earlier this year helped to crash oil markets.

Oil prices rose on Monday. although the 2018 outlook points to ample supply despite production cuts led by OPEC.

By expanding infrastructure both upstream and downstream. Kuwait is positioning itself to capitalise on rising global energy demand.

Rosneft has plans to jointly develop the Val Shatskogo (Shatsky Ridge) oilfield with Italy’s Eni.

The two most critical forecasts of global oil markets offer contrasting visions for 2018: OPEC and IEA.

Oil markets have increased on the back of a fourth consecutive weekly fall in US crude inventories.

The global agreement to limit production is making progress in re-balancing supply and demand for oil.