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Barkindo said consultations are under way for the extension of OPEC output cut deal beyond March 30. 2018.
Read More »OPEC. Others May Take Some Extraordinary Measures in 2018 to Rebalance Oil Market
Saudi Aramco Expands in India
Saudi Arabia is competing with Iraq to be India’s top oil supplier. with Iraq displacing it for a fifth month in a row in August.
Read More »Iran Will Have to Take Bigger Share of OPEC Cuts
The reductions will be on the same terms as those agreed in November.
Read More »Algeria Says Will Not Change Foreign Ownership Limit in New Energy Law
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.
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