Members will meet next month at industry conference in Algiers Qatar minister says OPEC members in ‘constant deliberations’ Oil dropped from the highest close in two weeks amid doubts that Continue Reading
How do you ride out low oil prices and still pay dividends and CEO salaries? You double down on debt, apparently. All oil majors posted plunging profits or accumulated losses Continue Reading
Essar Oil to trim Iran imports once Rosneft deal is finalized Iran fourth-biggest supplier to India in April-June period Iran’s biggest oil buyer in India is ready to throttle back Continue Reading
OPEC on Monday sounded an optimistic tone about the oil market, saying that higher demand is expected in the third and fourth quarters. The comments, from Qatar energy minister Mohammed Continue Reading
Qatar’s energy minister, and current OPEC president, said on Monday the oil market is on the path to rebalancing despite the recent decline in global oil prices, adding that OPEC Continue Reading
Some members aren’t ready to accept production curbs: UBS Holding an informal meeting is a ‘low risk strategy’: Fyfe An informal OPEC meeting next month is unlikely to deliver any Continue Reading
Norwegian energy company DNO said it received from the government a partial payment for the oil it exported in June from the Kurdish north of Iraq. The company reported receiving Continue Reading
Libya forces Operation Dignity, a Libyan militia, has attacked the Zueitina oil terminal near Benghazi, local media report . The attack, which took place on Friday, was repelled by Petroleum Continue Reading
Producer has deferred purchases of light crude from U.S. Refinery woes, smaller profit margins said to stall plans Ten months after Mexico won special dispensation to import U.S. crude oil, Continue Reading
At least ten Angolan soldiers were killed during the last clash with the Front for the Liberation of the Enclave of Cabinda (FLEC) in the oil-rich Cabinda enclave, according to Continue Reading
