Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.
Read More »OPEC Works on Getting Its Message to a Confused Oil Market
Consensus within the OPEC non-OPEC coalition is growing for a cut.
Read More »Oman Oil Minister Expects Retaliation for Qatar`s OPEC Withdrawal
Qatar announced on Monday that it plans to withdraw from the oil producing group.
Read More »Asian Markets Rally on US-China Trade Cease Fire
China and the United States agreed to halt additional tariffs in a deal that keeps their trade war from escalating.
Read More »Natural Gas Share in India`s Energy Mix
In India. gas is primarily used for fertilizers. followed by power generation. domestic fuel - largely for cooking - transport and petrochemicals.
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 »Low Oil Prices Will Hurt US Shale
Thanks to shale. US oil production surged to a record level of 11.6 million barrels per day earlier this month.
Read More »Oil Prices Remains Weak. Saudi Arabia Vows to Balance Global Glut
The kingdom is considering slashing oil production by up to 1.4 million barrels per day (bpd) with OPEC members.
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