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Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.
Read More »UAE Joins Gathering Consensus to Extend Oil Output Cuts
OPEC to Recruit New Members to Fight Market Imbalance
The cartel is said to be leaning toward a nine-month extension of the cuts to the end of 2018.
Read More »Asian Buyers Drive Growth for Global LNG Trade. but Demand a Better Deal from Suppliers
ADIPEC is being held at Abu Dhabi National Exhibition Centre from 13 to 16 November 2017.
Read More »OPEC Points to Larger 2018 Oil Supply Deficit as Market Tightens
OPEC and its allies are discussing extending their supply pact for as long as nine months.
Read More »Some Traders See $80 Crude before Christmas
A total of 48.000 contracts have traded over the last few days that would profit most if Brent spikes before Christmas.
Read More »OPEC Reaffirms Iran`s Pledge to Supply Cuts
Iran'.s own data submitted to OPEC pointed to bigger cuts.
Read More »BP CEO: Venezuela Is Main Geopolitical Concern for the Oil Industry. not the Middle East
The Venezuelan economy has been in recession for four years. where food shortages. the lack of U.S. dollars and the depreciation of its own currency. has sent inflation soaring.
Read More »OPEC Head Says Oil Cuts `Only Viable Option` to Stabilize Market
Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.
Read More »Oil Markets Cautious on Middle East Tensions. Increased U.S. Drilling
U.S. oil producers have raised output C-OUT-T-EIA by more than 14 percent since mid-2016 to a record 9.62 million barrels per day.
Read More »OPEC Concedes That U.S. Shale Won’t Die
The group sees U.S. shale fizzling out after 2025. leaving OPEC once again in charge.
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