The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said. Barkindo was Continue Reading
Saudi Arabia’s energy minister said on Sunday he was optimistic about continued commitment to the oil supply cut agreement between OPEC and non-OPEC members. “I am obviously optimistic that implementation Continue Reading
OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the Continue Reading
Saudi Arabia’s energy minister said on Monday that he was confident that OPEC and its non-OPEC partners will reach full conformity with cuts, and even exceed it, in weeks to Continue Reading
Saudi energy minister Khalid al-Falih said on Sunday the job of OPEC and its allies was not done yet adding that the group of oil producers needed to “stay the Continue Reading
OPEC and a group of 10 oil-producing nations led by Russia are deepening their crude production cuts, but remain split on whether the curbs should remain in place through the Continue Reading
OPEC and its allies are not likely to decide whether to extend their oil production cuts until June, close to their scheduled expiry, Saudi energy minister Khalid al-Falih said Monday. Continue Reading
Iranian President Hassan Rouhani said on Monday that the government would file a legal case in Iran against U.S. officials who imposed sanctions on the country as a precursor to Continue Reading
n southern Iraq, where the Euphrates and Tigris rivers meet, the Fao peninsula was once known for its swathes of henna plants and palm trees. But the lush greenery of Continue Reading
A major challenge for Central Asia’s oil and natural gas industry has always been how to transport petroleum products from the landlocked region to global markets. That issue resurfaced last Continue Reading
