Oil Prices Slide on OPEC Questions
Oil prices closed down Tuesday with traders still skeptical about whether OPEC makes the production cuts members in late September promised that they would consider. Light, sweet crude for December Continue Reading
Iraq seeks OPEC deal that would preserve oil output
The OPEC logo is seen outside their headquarters in Vienna, Austria, October 24, 2016. Iraq told a top OPEC official on Tuesday of its hope that the group could reach Continue Reading
Saudi Arabia Faces Tough OPEC Equation With Mounting ‘Exemptions’
OPEC must reduce output by at least 1.3 million barrels a day Iraq joins list of nations seeking exemption from Algiers deal Saudi Arabia faces the prospect of much deeper Continue Reading
For Iran, Exerting Force While Making Nice Is Part of the Plan
TEHRAN — Just as conservative opponents of the nuclear deal with Iran had warned , Tehran seems to be moving aggressively to expand its regional influence while working to counter Continue Reading
OPEC’s Indonesia Eyes 42% Oil Output Boost 2017
Pertamina oil Amid rising doubts about OPEC’s crude oil production freeze agreement, one member of the organization that’s so far stayed out of the spotlight has declared its plans to Continue Reading
Is ISIS Giving Up On Oil?
Iraqi oil field Since the Iraqi army drove out Islamic State forces from the oil-rich towns of Shargat and Qayyarah last month, ISIS has lost its ability to produce oil Continue Reading
Can Saudi Arabia Scramble Out Of The Pit It Dug for Itself?
Oil Field Middle East Major changes are brewing in Saudi Arabia, and there is no way to stop them if the kingdom’s economy is to survive the oil price rout. Continue Reading
Nigerian oil export pipeline attacked
Nigerian crude oil exports disrupted after the Niger Delta Avengers militant group attacked a pipeline operated by a subsidiary of Chevron. Photo by vanhurck/Shutterstock ABUJA, Nigeria, Oct. 25 (UPI) — Continue Reading
Nigerian Oil Under Attack Once Again
NDA Attack Nigeria has managed to increase its daily crude oil production to 1.9 million barrels , according to a tweet from the Petroleum Ministry. That’s still short of the Continue Reading
Nigeria: Offshore Rig Count Declines to Seven
Nigeria’s offshore rig count from June till September has reduced to seven from 11 recorded as at end first half 2016, H1’16, indicating that four rigs were shut down in Continue Reading