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

The government appears to be hoping the petro will offset a collapse in Venezuela’s currency.

The pipeline explosion in Libya is a lot more serious as it may take a long time to restore

The Russian minister sees next year as «a year of balance».

Project will be offered to other companies. no agreement is reached by February. oil minister said.

Russian officials voiced some skepticism in the lead-up to the most recent extension.

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.