The export plan for this year. based on nominations submitted by shippers. will add more oil to the global market.
Read More »Brent Oil Price Exceeds $52 bbl
OPEC agreed to slash the output by 1.2 million barrels per day from Jan. 1.
Read More »Russia. Saudi Call for Oil Output Deal Extension
OPEC members agreed in November to cut production by 1.2 million barrels per day for six months.
Read More »Sinopec Willing to Double Foreign Investment to More Than $30 Billion
Sinopec expects to boost foreign investment to more than $30 billion.
Read More »Saudi Arabia to Help Build West Africa’s Largest Oil Storage Terminal
This small company could be one of the biggest winners of the coming gold boom.
Read More »Russia Sees Oil Market Balance in Winter if Cuts Deal Extended
Russia would keep output cuts of 300.000 barrels per day from the level of October 2016.
Read More »Iran’s Oil Output Decreases in April
In 2017. demand for OPEC crude is projected at 31.9 mb d. around 0.2 mb d higher than in the current year.
Read More »Turkmenistan to Join OPEC-Led Oil Supply Cut
There could be more cuts if there are other non-OPEC countries that will join the agreement.
Read More »EIA: U.S. Crude Oil Inventories Drop Sharply as Imports Decline
The headline crude oil drawdown number is certainly supportive. but it could be something a shooting star.
Read More »Iraq Supports Extension of OPEC-Led Oil Output Cut for Further Six Months
Iraq is on board with extending the deal in the next OPEC meeting to help stabilize oil prices and balance the market.
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