The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated. (Bloomberg) — The latest discussions between OPEC Continue Reading
The OPEC deal is closer than ever to meeting its market rebalancing goals, with OECD inventories now just 74 million barrels above the five-year average recorded in January 2017, according Continue Reading
Turkey has yet to issue a permit for Russia’s Gazprom ( GAZP.MM ) to start building the land-based part of the TurkStream gas pipeline, three sources familiar with the matter Continue Reading
LONDON (Reuters) – OPEC and non-OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major Continue Reading
Iraqi Oil Minister Jabar al-Luaibi planning a visit to Turkey to discuss getting oil flowing again to a port on the Mediterranean Sea. Photo courtesy of the Iraqi Oil Ministry. Continue Reading
The Trump administration is pursuing a deal to sell nuclear reactors to Saudi Arabia despite the kingdom’s refusal to accept the most stringent restrictions against the proliferation of nuclear weapons, Continue Reading
Delays in budget payments to the National Oil Corporation of Libya could threaten the country’s oil production, NOC’s chairman Mustafa Sanalla said in a statement. “The entire sector is suffering Continue Reading
Iraq has boosted refining activity in the past year by at least 60,000 barrels per day (bpd), thanks to a patchwork of Oil Ministry projects and initiatives. The ministry has Continue Reading
The Trump administration is pursuing a deal to sell nuclear reactors to Saudi Arabia despite the kingdom’s refusal to accept the most stringent restrictions against the proliferation of nuclear weapons, Continue Reading
Kazakhstan aims to increase crude and gas condensate production by nearly 25% to 2.155 million b/d by 2025, according to the country’s development strategy released Tuesday. Kashagan and Tengiz key Continue Reading
