With OPEC-led supply cuts supporting prices. but rising U.S. production capping crude. many analysts see markets balanced in 2018 and 2019. with Brent in a $50-$60 range.
Read More »OPEC at Odds with Rosneft Over Oil Outlook
The agreement comes amid tensions over Kurdish claims to sovereignty with reports of armed clashes between Kurdish forces and Iraqi government troops.
Read More »Can Trump Drive a Wedge Between Saudi-Russian Alliance?
In Europe. American infringement of Russian dominance in gas markets is even clearer.
Read More »OPEC Favors 9-Month Extension of Production Cut Agreement
OPEC would be willing to do ``whatever it takes`` to balance the oil market.
Read More »Goldman: U.S.-Iran Standoff Is a Long-Term Threat to Oil Supply
U.S. sanctions could cut off a lot of Iranian oil trade finance.
Read More »OPEC Oil Output Cuts `Working` but Need to Run to End-2018: Total CEO
Global oil stocks are likely to have fallen in Q3 for just the second time since oil prices started collapsing in 2014.
Read More »OPEC Deal Extension May Be Unnecessary
The current reduction deal is sufficient to achieve the desired purpose.
Read More »Gazprom Neft Unhappy with OPEC-Russia Production Cut Deal
In Iran. Gazprom Neft has field plans to develop two oil fields— Changouleh and Cheshmeh Khosh.
Read More »Saudi Aramco Denies It Is Planning to Shelve $2 Trillion Listing
The kingdom’s oil company dismisses reports it could drop huge international float in favour of private stake sales.
Read More »Iran’s Light Crude Oil Prices Ease
Oil prices were buoyed in recent weeks by shutdowns in US refineries as well as Turkey'.s threat to cut off oil flow from Iraq'.s Kurdistan region.
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