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The U.S. Federal Open Market Committee (FOMC) is set to start a two-day meeting on Tuesday.
Read More »Brent Crude Slip on Global Economy Worries. U.S. Oil Prices Steady
OPEC has Shown It Can Reach Deal despite Splits
OPEC and its Russia-led allies agreed on Dec. 7 to cut output by more than expected.
Read More »S. Korea Imports no Iran Oil in November despite Sanctions Waiver
South Korea’s crude oil imports from January to November inched up 0.6 percent from the year before to 131.23 million tonnes.
Read More »India did not Let Russian-Owned Refinery Buy Iranian Oil
Washington had been pushing governments to cut imports of Iranian oil to zero.
Read More »OPEC Needs to Keep Production Lower than Agreed Target Through 2019
The producer group needs to stay 700.000 bpd below its agreed target of 31.8 million bpd through 2019.
Read More »Oil prices rise on Asian stock rally. OPEC-led cuts
Oil prices climbed by around 1 percent on Wednesday .
Read More »Libya is Shutting down El Sharara after Field Seized by Tribesmen
Libya recently brought oil output to up to 1.3 million bpd. the highest level since 2013.
Read More »Australia Overtakes Qatar as Biggest LNG Exporter in November
The surge in Australian exports follows the start up of a number of export projects in the country over the past three years.
Read More »Australia Overtakes Qatar as Biggest LNG Exporter in November
The surge in Australian exports follows the start up of a number of export projects in the country over the past three years.
Read More »Qatar’s Exit from OPEC Won`t Affect Production
Qatar has an oil output of 600.000 barrels of oil per day. compared to Saudi Arabia’s 11 million bpd output.
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