OPEC

...Led by Saudi Arabia Saudi Arabia, the Emirates, Kuwait, Bahrain, the Sultanate of Oman and Iraq have affirmed their full commitment to the agreement to reduce oil production between OPEC + countries. The energy and oil ministers…
Read More...

The price of oil has risen above $45 a barrel, the first time it has reached that level since the coronavirus outbreak forced countries across Europe into lockdown. However, this rebound may prove to be short-lived, according to oil market…
Read More...

Oil prices slipped just below five-month highs on Thursday, with support from a weak dollar .DXY and falling U.S. crude inventories undermined by bearish sentiment about fuel demand. Brent crude LCOc1 fell 7 cents to $45.10 a barrel by…
Read More...

At least one part of the oil industry should be happy about OPEC+’s easing of production cuts beginning this month, and this part is refiners who have been forced to boost their intake of high-sulfur fuel oil to replace heavy crude their…
Read More...

There is uncertainty over the Organisation of Petroleum Exporting Countries (OPEC) and allies’ plan to return supply to the market after the group’s output cuts, while the covid-19 pandemic continues to spread across many major economies…
Read More...

Reuters quoted today, Tuesday, sources confirming the postponement of the Saudi oil company, Aramco, the announcement of official selling prices for crude oil, for the month of September, until early next week. …
Read More...

Russia’s Energy Ministry said on Sunday that the country’s oil output in July was unchanged from levels seen in June, in line with an OPEC+ agreement. The ministry added that its level of compliance with the deal in July was close that…
Read More...

The OPEC-Nigeria Bilateral Meeting that held last week has sent yet another signal of the strong cooperation between the Organization of Petroleum Exporting Countries (OPEC) and Africa's biggest producing country. A statement by APO…
Read More...

Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know. Oil prices have decreased due to an increasing number of coronavirus (Covid-19) cases and tensions between the US and…
Read More...

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammad Barkindo, has said political leaders in some of the world’s most powerful nations helped in building consensus to curb the crisis in the…
Read More...