People carrying umbrellas walk by the Ogranization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria October 4, 2016. OPEC should be able to reach a deal next month Continue Reading
Aramco said to sell 1.2-1.3 million b/d to China in September Saudi Arabia, which is marshaling a potential deal with global crude producers to limit output, is said to have Continue Reading
Nigeria, other states withholding payments to foreign airlines CEO says ‘not a good idea’ to carry on serving offender states Persian Gulf airline Emirates said it could scrap flights to Continue Reading
Officials from Saudi Arabia and Kuwait, key protagonists in shaping OPEC policy, said oil at $50 to $60 a barrel would ensure adequate global supply, setting out a potential price Continue Reading
OPEC will wait until after the U.S. presidential election on November 8 before deciding whether it will invite the US head of state to attend the cartel’s Vienna meeting on Continue Reading
As we reported last week, just as OPEC announced a new monthly production record, with total output rising by 220kbpd to a record 33.4mmbpd… (Click to enlarge) … driven by Continue Reading
OPEC oil Saudi Arabia pumped a daily average of 10.63 million barrels of crude in August, a 400,000 bpd decline on peak production in July, prompted by seasonally high demand. Continue Reading
Benchmark day rates for oil tankers at highest since June Tanker surplus in Persian Gulf matches lowest level in a year Oil tanker rates jumped to a four month high Continue Reading
Libya Waha oil field Libya continues to ramp up its oil production, and resumed last week output at the major Waha oilfield, which raised its total crude output to 580,000 Continue Reading
Diesel use drops 11.4% y-o-y, first decline since July 2015 Monsoon rains, violence in southern states hurt demand: BPCL India’s oil product demand contracted for the first time in almost Continue Reading
