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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 »Saudi Energy Minister Meet with Russia`s Novak on Sunday
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.
Read More »Saudi Arabia Decrease Crude Flow to United States
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
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