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The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.
Read More »World Oil Market may Reach Full Stability in 2018
Oil Prices Gain after OPEC Extension of Output Cut
Rising U.S. production helped fuel a slump in prices.
Read More »‘We’ll be on Our Toes to Respond to U.S. Shale’: Al-Falih
The group is ``extremely assured. optimistic`` for oil in the short and medium term. with investments flowing back sooner than later.
Read More »Vienna Is the Ultimate OPEC Smokescreen
Last week. news emerged about preliminary plans to build a $20 billion complex to convert crude oil to chemicals.
Read More »Putin Is Calling The Shots in Global Oil
Russia is the producer everyone is watching ahead of the OPEC meeting.
Read More »Vienna Producers` Meeting won`t be Easy
Oil market was in a much better position than it was last year. which was a result of producers complying with the cuts.
Read More »Russia. Saudi Arabia Clash Ahead of OPEC Meeting
Saudis want production cuts extended through 2018. while Moscow wants flexibility.
Read More »2 Gulf Oil Ministers Mum on Issue of Oil Production Cuts
Both OPEC and non-OPEC members are expected to continue the cuts into 2018 to help keep prices rallying.
Read More »ADNOC`s Distribution Unit could Raise as much as $2 Billion in IPO
ADNOC Distribution is the leading fuel distributor in the UAE. with a market share of around 67 percent in the country by number of retail fuel service stations.
Read More »Aramco Sees Oil Market Balanced as UAE Dismisses Shale Threat
Oil markets are on track to come into balance next year.
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