OPEC and other major producers are considering coordinated output restrictions to stem a further drop in prices.
Read More »Oil Price Stable as OPEC. Russia Likely to Agree on Output Cuts Next Week
Crude reserves increased 6.4 billion barrels. or 19.5 percent. to 39.2 billion barrels at year-end 2017.
Read More »The Troika of Oil Market Decision Making
The output from the troika is the fastest-growing element in global oil supplies.
Read More »Trump Asked Iraqi Prime Minister for Oil as Repayment for Iraq War
The US president first brought the subject up in a meeting with Iraq’s then-leader Haider al-Abadi in March last year.
Read More »U.S. Oil Firms Interested in Offshore Projects
Egypt has signed a deal with Cyprus for the construction of a pipeline that will channel gas from the island’s Aphrodite field to facilities in Egypt.
Read More »U.S. President Can’t Live Without OPEC
Saudi Arabia says repeatedly that it won’t balance supply and demand on its own.
Read More »The Importance of Saudi`s Oil for Trump
Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.
Read More »US Imposes Sanctions on Russian. Syrian and Iranian Companies
The Russian parliamentarians already announced that Moscow will continue fulfilling its commitments with Syria.
Read More »Trump: Breaking with Saudi Arabia would Send Oil Prices `Through the Roof`
Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.
Read More »US Sanctions S. African over N. Korea Ties
The sanction freezes any property or interests of the designated individual within the US or in possession of US citizens.
Read More »