Saudi Arabia and its OPEC and non-OPEC allies are keen to demonstrate to a skeptical market that output cuts are finally drawing down bloated stocks.
Read More »OPEC Oil Prices Rise
The price of OPEC basket of fourteen crudes stood at $47.48 a barrel on July 20. compared with $46.85 the previous day.
Read More »Russia Objects to Further OPEC Restrictions
Russia will hold a ministerial meeting for several representatives of OPEC member states as well as a number of non-members in St. Petersburg towards the end of this month.
Read More »Libya`s NOC Chief to Attend OPEC. Non-OPEC Meeting
OPEC members Libya and Nigeria have boosted production since they were exempted from an OPEC-led deal to cut output. weighing on global prices.
Read More »OPEC Oil Price Rise
The price for September futures of Brent crude oil has increased by 0.43 percent to $49.12 per barrel July 17.
Read More »Kuwait: Not About Time to Curb Oil Production in Libya. Nigeria
Libya and Nigeria have seen a significant increase in oil production in May and June.
Read More »OPEC Can Absorb ‘Orderly’ Oil Recovery from Libya. Nigeria. Iran
Supply and demand now ``show us we are on the right course`` to achieving OPEC’s goal of reducing stockpiles to their five-year average
Read More »Yamal LNG to Scale Up Russian Gas Exports
The Yamal LNG terminal. which plans to have an output capacity of around 16.5 million tons per year. is expected to be operational by 2018.
Read More »Iran Is Seeking Investments to Boost Crude Oil Production to 4.8 Million Bpd by 2022
Currently. Iran’s oil output stands at 3.8 million barrels per day. despite numerous statements that the country reached its pre-sanction production level of 4 million bpd.
Read More »Goldman Sachs Warns of Oil Below $40 Without OPEC `Shock and Awe`
OPEC must increase output cuts aimed at shrinking a global glut with little public announcement in order to jolt investors.
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