Oil Bulls See Glimmer Of Hope
Oil prices clawed back some losses at the end of the week on bullish news from OPEC. Oil prices showed some life at the end of this week on news Continue Reading
Oil cut rollover ‘almost in the bag for OPEC,’ but talks continue with non-OPEC: Falih
OPEC is ready to commit to an extension of its oil production cuts beyond their June expiry, Saudi energy minister Khalid al-Falih said Friday, but non-OPEC partners, led by Russia, Continue Reading
Oil Shock Model Scenarios
Many different oil shock model scenarios have been presented over time at Peak Oil Barrel. Information on the Oil Shock Model, originally developed by Paul Pukite can be found in Continue Reading
Saudis, Russia Discuss Tens Of Billions In Energy Investments
Russia and Saudi Arabia are holding talks about investments worth tens of billions of U.S. dollars in various energy projects, Russia’s Energy Minister Alexander Novak said at an economic forum Continue Reading
Iran has no plans to leave OPEC: Iranian oil minister
Iran has no plans to leave the Organization of the Petroleum Exporting Countries, Oil Minister Bijan Zanganeh said in an interview published by the Iranian parliament news site ICANA on Continue Reading
Saudis: OPEC Close To Extending Output Cut Deal
OPEC is close to reaching an agreement to extend the production cut deal beyond its current expiry date at the end of June, Khalid al-Falih, the energy minister of OPEC’s Continue Reading
Ankara presses Turkish Cypriots’ resources claim after Cyprus agrees gas deal
Turkey said on Friday that Turkish Cypriots had rights to a share of the island’s offshore resources, days after the Greek Cypriot government agreed a revenue deal with a U.S. Continue Reading
U.S. sanctions target Iran petrochemicals, analysts see modest effect
The United States sanctioned Iran’s largest petrochemical holding group on Friday for supporting the Islamic Revolutionary Guard Corps (IRGC), a step it said aimed to dry up revenues to the Continue Reading
Saudi energy minister says OPEC close to agreeing oil pact extension
Saudi Arabia said on Friday that OPEC and its allies should extend oil production cuts at around current levels as the kingdom did not want a fight for market share Continue Reading
Northwest Syria battles rage after rebel counterattack
Battles intensified in northwest Syria on Friday after insurgents mounted an attack to repel an army offensive that has pounded the country’s last major rebel stronghold for weeks. State news Continue Reading