Monitoring oil exports may add another layer of support to the OPEC-led effort to balance an oversupplied market, a director at a vessel tracking firm said. Russian Energy Minister Alexander Continue Reading
President Vladimir Putin said Russia is open to extending a deal with OPEC to curb oil supplies to the end of 2018, though he’ll wait to make a decision until Continue Reading
Iran’s oil minister said on Wednesday he saw no objection within OPEC to extending or even deepening an OPEC-led deal to cut oil output get rid of a supply glut. Continue Reading
Iranian Oil Minister Bijan Zanganeh said on Wednesday that OPEC members had fulfilled their obligations under a global oil output cut deal by slightly over 100 percent in September, the Continue Reading
Up to 12 oil producing countries from South America and Africa have been invited to join the OPEC/non-OPEC production cut deal, Venezuela’s Oil Minister Eulogio del Pino said on the Continue Reading
There is no immediate need to talk about additional oil output cuts as part of a global deal between OPEC and non-OPEC nations, Russian Energy Minister Alexander Novak said in Continue Reading
Ministers from the Organization of Petroleum Exporting Countries attending a conference in Moscow may take up export monitoring, Russia’s energy minister said. Russian Energy Minister Alexander Novak said he expected Continue Reading
Natural gas inventories are down significantly compared to 2016 levels, which helps explain the prices around $3/MMBtu compared to prices much lower than that last year. – Inventories are still Continue Reading
OPEC ministers and ministers from other oil producing nations will discuss this week the progress of the production cut deal and a mechanism to monitor crude oil exports, on the Continue Reading
Middle Eastern oil producers are confident that strong demand for their product from Asia will keep their coffers full even as U.S. shale boomers venture into the biggest regional oil Continue Reading
