OPEC. Russia and several other major producers have cut their combined output by about 1.8 million barrels per day since January.
Read More »IEA Chief Sees Oil Markets Tightening toward Second Half of 2018
The global oil market could tighten towards the second half of 2018 if demand remains robust.
Read More »2 Gulf Oil Ministers Mum on Issue of Oil Production Cuts
Both OPEC and non-OPEC members are expected to continue the cuts into 2018 to help keep prices rallying.
Read More »OPEC’s Most Unpredictable Member
In just one month. Iraq turned from cheater to complainer. after clashes in Kurdistan added some geopolitical risk premium to oil prices.
Read More »Aramco Sees Oil Market Balanced as UAE Dismisses Shale Threat
Oil markets are on track to come into balance next year.
Read More »Iraq Plans to Build New Pipeline to Export Kirkuk Oil via Turkey`s Ceyhan Port
Iraq is the second-largest crude oil producer in the OPEC after Saudi Arabia.
Read More »Iraq and Kuwait Near Agreement on Price for Gas Exports
Iraq hired Japan’s Toyo Engineering to help build the project.
Read More »`Trump Talks Too Much`: Iran Shrugs Off Oil Boycott Threat
Iran'.s oil exports have nearly doubled since January 2016.
Read More »Russia Slams US. EU Sanctions on Oil Exporting Nations
Russia'.s oil minister told representatives of gas exporting nations that EU and U.S. sanctions against oil exporter'.s are ".unacceptable.".
Read More »Saudi Arabia Aims at Extending OPEC Deal to 2018-End
Many experts and officials are expecting the output cut agreement to be extended.
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