Russia And Saudi Arabia Will Save The Day If OPEC Deal Falls Apart
Even if the current OPEC/NOPEC oil production cut deal goes to pieces, Saudi Arabia and Russia will be willing to go it alone, the two largest oil producers in the Continue Reading
IEA: Nobody wins in a market with oil supply deficits
Oil supply disruptions, from extraordinary events or otherwise, are not in the best interest of consumers or producers, the International Energy Agency said. The Organization of Petroleum Exporting Countries in Continue Reading
IEA: Oil Prices Could Rise Further As Shale Can’t Fill The Gap
The IEA said that the run up in oil prices in the last few months dampened oil demand growth, although the agency left its forecast for oil demand growth unchanged Continue Reading
Russia to propose ‘proportional’ crude oil output increase
OPEC, Russia and its allies may consider a range of proposals to increase crude oil output which could be by as much as 1.8 million b/d, according to a source Continue Reading
‘Not good!’ Trump renews his criticism of OPEC for ‘too high’ oil prices
President Trump speaks to reporters as he arrives aboard Air Force One from Singapore at Joint Base Andrews, Md. on Wednesday. (Jonathan Ernst/Reuters) President Trump took fresh aim at the Continue Reading
OPEC Lifts Non-OPEC Oil Production Growth Forecast
OPEC revised up on Tuesday its 2018 forecast for total non-OPEC supply growth, while it left unchanged its projection for world oil demand growth at 1.65 million bpd this year. Continue Reading
Trump Blames OPEC For ‘Too High’ Oil Prices, Again
Early on Wednesday, President Trump tweeted : “Oil prices are too high, OPEC is at it again. Not good!” This time the U.S. President used fewer words to reiterate his Continue Reading
Trump, Iran spar over oil prices ahead of OPEC meeting
U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after Continue Reading
Nobody speaks for OPEC alone, Iran’s oil minister says
No single country speaks as the unified voice of OPEC as decisions must be made collectively, the Iranian oil minister said, according to state media. Members of the Organization of Continue Reading
Saudis, Russia to Talk Output Boost Ahead of OPEC Summit
Saudi Arabia’s oil minister is flying to Russia this week to discuss ways to manage an output boost both producers say they want to propose at an OPEC summit next Continue Reading