In three out of five regions of the US the level of commercial stocks has reached the average 5 year'.s level.
Read More »Oil Rebounds after Saudi Arabia Pledges Export Cut
Kingdom to limit crude oil exports at 6.6 million barrels per day in August. almost 1 million bpd below levels a year ago.
Read More »American Producers of Shale Oil Ready for Dialogue with OPEC
Oil cartel is going to continue the dialogue with shale producers in Q42017 and extend cooperation with the US companies which have not established the contact with OPEC.
Read More »Falih: No Discussion of Deeper Oil Output Cuts at OPEC Non-OPEC Meeting
Ministers from countries including Kuwait. Venezuela. Algeria. Saudi Arabia. Russia and Oman will discuss production caps on Nigeria and Libya.
Read More »OPEC Needs More Oil from Libya. Nigeria as Market Re-Balances
Compliance with production cuts by members of the Organization of Petroleum Exporting Countries is excellent.
Read More »Fall in Oil may Depress Regional Markets
Arabian Gulf stocks may be roiled by crude.
Read More »Barkindo: Oil Market Rebalancing to Speed Up in Second Half
A rebalancing of the oil market is progressing more slowly than expected. but it will speed up in the second half of the year.
Read More »Saudi Energy Minister Meet with Russia`s Novak on Sunday
Nigeria and Libya have been exempt from quotas under the Vienna deal between OPEC and 10 other major oil producers on limiting oil production agreed in November 2016.
Read More »Can OPEC Get Its Mojo Back in St Petersburg?
Ecuador is doing what other members wish to—ditching a supply deal that has become more painful than gainful.
Read More »Putin: Russia to Enjoy Abundance of Energy Resources for Long Time
Russia has no shortage of such natural resources as oil. gas. coal. as their new reserves are systematically discovered.
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