Deeper cuts could help prices. but the question remains: how many of the parties to the deal could afford deeper production cuts?
Read More »New Saudi Crown Prince Hopes to Diversify Away from Oil
Mohammed bin Salman battles against time to implement ambitious economic reforms.
Read More »Russia Opposes Any Move to Deepen OPEC Cuts at Talks
Russia plans to host a meeting of some ministers from the Organization of Petroleum Exporting Countries and several non-members in St. Petersburg on July 24.
Read More »Saudi Arabia Tightens Its Grip on Japan. Its Biggest Asian Oil Market
Saudi Arabia ".clearly sees Asia as its backyard and as a center of growth and long-term source of demand.
Read More »Al-Luaibi Awaiting Outcome of OPEC Committee Meeting
Iraq is the second-largest member of OPEC after Saudi Arabia.
Read More »Oil Prices Up as Saudi Arabia Extends Deadline on Qatar Demands
That marked only the second time the weekly oil-rig count fell this year. Oil-rig numbers had climbed for 23 weeks in a row.
Read More »Zangeneh: Total`s Forefront is Memorable
This contract will send a strong political message to the world especially at the time that the Americans have adopted a confrontational course (against Iran).
Read More »Libya’s Oil Production Nears 4 Year High
Last month. Libya’s average daily production was 730000 bpd as per OPEC secondary sources. up by 178.200 bpd compared to April.
Read More »OPEC Is Not Discussing Deeper Cuts
According to OPEC delegates. the cartel won'.t be rushing to make that decision. even though a panel monitoring the cuts will be meeting next month.
Read More »OPEC Oil Price Increases
OPEC oil basket’s price stood at $44.23 per barrel on June 27. or $1.09 more than on June 26.
Read More »