Iranian Oil Minister Bijan Zanganeh will not attend this month’s meeting of OPEC and non-OPEC states in Algeria, a ministry spokesman said on Tuesday. “Zanganeh will not attend the meeting Continue Reading
Russian Energy Minister Alexander Novak said on Monday that all possible scenarios for oil output could be discussed at a meeting of OPEC and non-OPEC states in Algeria this month. Continue Reading
Russia and Saudi Arabia will continue co-operating in the long term, including on the design of a framework for the relations between OPEC and its external partners, a Russian Energy Continue Reading
With a critical meeting in Algiers fast approaching, a fractured OPEC and its allies are still searching for consensus on how members with spare output capacity can equitably distribute the Continue Reading
That was the cartel’s biggest month-on-month increase in more than two years, bringing the supply from the group’s 15 producers to a nine-month high. The increase mainly came from higher Continue Reading
OPEC on Wednesday further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was skewed to the downside, adding a new challenge Continue Reading
Amid fears of global oil supply disruption and production curbs, in its latest monthly report , OPEC expects global oil supplies to remain stable, while cautioning that demand is becoming Continue Reading
Last week, rioters burned down several buildings in Basra, a major city in Southern Iraq and home to most of the country’s oil production. Despite its oil riches, southern Iraq Continue Reading
Russia’s energy minister Alexander Novak believes OPEC, Russia and their allies within the production cut alliance should ink an agreement on the group’s broader cooperation in December so that the Continue Reading
Russian Energy Minister Alexander Novak said on Tuesday that the OPEC+ oil group may sign a new long-term cooperation deal at the beginning of December, the TASS news agency reported. Continue Reading
