OPEC members agreed in November to cut production by 1.2 million barrels per day for six months.
Read More »Russia Boosts Urals Oil Flow to India as OPEC Cuts Production
India'.s main crude suppliers. Saudi Arabia and Iraq. cut exports to India this year due to production curbs.
Read More »Macron Win. OPEC Cuts Not Enough to Stimulate Oil Markets
An extension of the OPEC agreement will not be enough to raise global oil prices significantly.
Read More »Russia Backs Saudi Proposal to Extend OPEC Oil Cuts Beyond 2017
Russia said it supports a suggestion from Saudi Arabia that OPEC and its allies extend their oil output cuts into next year.
Read More »Iran will Sign $80bn Oil Deals in 2 Years
Iran will continue to rank first to third among main energy players in the world.
Read More »Oil Prices Drop as OPEC Loses Control of Narrative
Global crude inventories have not fallen as fast as OPEC or the hedge funds anticipated.
Read More »OPEC. Non-OPEC Discuss Extending Supply Cut by Nine Months or More
Saudi Energy Minister Khalid al-Falih said on Monday the OPEC-led production cut could be extended beyond 2017.
Read More »NIOC Plans to Boost Crude Oil Output Capacity
Iran produced 3.77 million b d of crude in April.
Read More »Saudis to Decline Exports
OPEC'.s combined water-borne shipments of nearly 24 million barrels a day in March were up slightly from October levels.
Read More »MENA Markets Drop in Line with Oil Prices
MENA markets remained sluggish in April due to drop in trading liquidity and poor investments from both domestic and international investors.
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