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

OPEC and Russia are likely to apply a supply curb deal beyond its March 2018 expiry.

The Norwegian government supports R&.D with financial incentives.

Short term improvement in oil prices may slowdown fiscal reforms.

At least US$10bn of deals signed at flagship industry event. including Adnoc partnership with China’s state oil company.

U.S. West Texas Intermediate (WTI) crude futures were at $55.39 a barrel. 6 cents up from their last settlement.

Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.

The cartel is said to be leaning toward a nine-month extension of the cuts to the end of 2018.

ADIPEC is being held at Abu Dhabi National Exhibition Centre from 13 to 16 November 2017.

OPEC and its allies are discussing extending their supply pact for as long as nine months.

A total of 48.000 contracts have traded over the last few days that would profit most if Brent spikes before Christmas.