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.
Read More »Saudi Arabia: We Could Live with $40 Oil in 2020
Saudi Arabia still loses sleep over the price of oil. Not for much longer.
Read More »UAE A Model for New Oil Market Realities
Over the next two months. the UAE will cut another 278000 bpd. demonstrating its compliance with its quota under the agreement.
Read More »Iran likely to Back Longer OPEC-Led Oil Cut If All on Board
Saudi Arabia and Russia. the world'.s top two oil producers. agreed on Monday on the need to extend output cuts for nine months until March 2018.
Read More »Brent Crude Oil to Rise
Goldman kept its average Brent price forecast for the third quarter of 2017 at $57 per barrel.
Read More »Iraq in favor of Extending any OPEC-Led Oil Output Cut
Iraq is with the continuation of a reduction of oil production of OPEC nations and we will push in that direction.
Read More »IEA: Global Oil Market Rebalancing Speeds Up
Global oil supply fell by 140.000 bpd in April to 96.17 million bpd.
Read More »Iran Crude Oil Slips Below $50
Iran pumped 3.759 million barrels per day in April. trimming 39.000 barrels in daily crude oil production compared to the previous month.
Read More »Iran Increase Oil Exports to South Korea by Over 63 Percent
Iran boosted its crude exports to South Korea by 63.5 percent in last month.
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