The highly anticipated meeting is expected to extend the organization'.s output cut plan for another 6 months.
Read More »Trump`s Proposal to Sell Half of US Reserves Threatens Another Oil Glut
Trump’s first complete budget proposal. released in part on Monday. would raise $500 million in fiscal year 2018.
Read More »OPEC Oil Price Continues to Rise
The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.
Read More »Kuwait: OPEC to Discuss Extending Output Cuts for 6 or 9 Months
Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.
Read More »China`s Oil Giants Commit to Investment Boost
Sinopec said it'.s moving forward with 110 billion yuan in new spending this year.
Read More »Saudi Oil Minister Visits Iraq to Discuss Extension to Output Cuts
Saudi Arabia is pushing to extend the cuts by a further nine months until next March.
Read More »Iraqi Minister Agrees with Saudi Call to Extend OPEC Cuts for 9 Months
Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.
Read More »Russian Economy Minister Sees Lower Inflation If Oil Cut Deal Extended
Russia will see lower inflation and a smaller budget deficit if OPEC and non-OPEC oil producers agree to extend a production cut deal.
Read More »Extending Oil Cuts. Adding Small Producers Enough to Drain Stocks
OPEC has been urging other producers to join the supply pact.
Read More »EIA: US Oil Inventories fall
US crude imports rose 577.000 bpd last week. while exports rose 400.000 bpd.
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