Algeria awarded only four of 31 oil and gas field blocks on offer to foreign consortiums in 2014
Read More »OPEC Unlikely to Lure Asian Producers
In November. OPEC and non-OPEC ministers will discuss the market situation and implementation of a global deal to cut oil production.
Read More »Is This the Geopolitical Shift of the Century?
The geopolitical reality in the Middle East is changing dramatically.
Read More »Why Russia Is Playing All Sides in The Middle East
Russia’s rise came as U.S. policy makers grew preoccupied with Asia. and the American public tired of Middle East wars – something both Obama and Trump acknowledged.
Read More »Putin: Extending OPEC Deal Until End of 2018 is `Possible`
OPEC ministers attending the Moscow event said they were considering extending the deal or making a deeper cut.
Read More »IEA Head Sees Oil Prices Subdued On Non-OPEC Supply Growth
The production growth from non-OPEC countries is still there so I do not expect a price rise in the near future.
Read More »Venezuela to Invite More Countries to Join Output Cuts
Iran’s Oil Minister Bijan Zanganeh told Reuters at the event that there is ``no objection`` to the proposal for deeper cuts.
Read More »Who Is Winning the Market Share War In China?
The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.
Read More »Saudi king`s Visit to Russia Heralds Shift in Global Power Structures
Vladimir Putin hopes first official trip by Saudi monarch to Moscow will seal powerful new alliance centered on oil and conflicts in the Gulf states.
Read More »OPEC`s Barkindo Lauds OPEC Non-OPEC Compliance with Oil Output Cut Deal
The global oil cartel was looking forward to strengthening its cooperation with Russia.
Read More »