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OPEC members agreed in November to cut production by 1.2 million barrels per day for six months.
Read More »OPEC Wants `Collective Efforts` to Counter US Oil Output
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 »Japan`s Successful Gas Output Test from Methane Hydrate
Japan is the world'.s top importer of liquefied natural gas (LNG).
Read More »Iraq`s Fuel Oil Exports Soar Despite OPEC Supply Cut
Iraq'.s bulging fuel oil exports have contributed to a glut.
Read More »India Will Cut Oil Imports from Iran by a Quarter
The volume cuts would put India'.s imports of Iranian crude for this fiscal year at 370.000 barrels per day.
Read More »U.S. Crude Production is Surging. Complicating OPEC’s Efforts to Rebalance the Oil Market
Exploration and production firms are still adding drilling rigs at an average of almost 10 per week.
Read More »UK Needs to Preserve Iran Nuclear Deal
The US president has taken positions that are unconstructive and could even escalate conflict.
Read More »Saudi Arabia May Cut June Light Crude Prices to Nine-Month Low
Most of the survey respondents expect Arab Light crude to be cut by 40 cents in June.
Read More »Iran Gets Positive Output Cut Signals from OPEC. Non-OPEC States
Tehran agreed to curb its nuclear programme in exchange for lifting of most international sanctions imposed on the country.
Read More »Iran to Pursue US Lack of Commitment Toward JCPOA
US President Donald Trump is an outspoken critic of the agreement negotiated by his predecessor Barack Obama.
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