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OPEC and non-OPEC producers are restraining production by a total 1.8 million barrels per day to prop up prices under a deal that is to expire at the end of 2018.
Read More »Oil Market in the Process of Being Balanced
Oil Cuts Removed ‘85% of the Problem’ of Oversupply
Russia has been a ``great partner`` in the cuts agreement.
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 »Aramco Sees Oil Market Balanced as UAE Dismisses Shale Threat
Oil markets are on track to come into balance next year.
Read More »Oil Markets ‘Need to Extend Output Cut Deal’
The UAE has not ceased oil investments since the onset of the price fall.
Read More »UAE Joins Gathering Consensus to Extend Oil Output Cuts
Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.
Read More »OPEC to Recruit New Members to Fight Market Imbalance
The cartel is said to be leaning toward a nine-month extension of the cuts to the end of 2018.
Read More »UAE Energy Minister Sees No Need for Extraordinary OPEC Talks
OPEC holds its next regular meeting in Vienna on Nov. 30.
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