3 Potential OPEC Deal Killers
The Middle East isn’t yet ready to agree on the future of OPEC’s output reduction deal as the bloc’s November 30 summit approaches, during which the cartel is set to Continue Reading
Exclusive: OPEC’s head says Saudi, Russia statements ‘clear fog’ before November 30 meeting
The fog has been cleared ahead of OPEC’s next policy meeting by Saudi Arabia and Russia declaring their support for extending a global deal to cut oil supplies for another Continue Reading
Saudi Crown Prince Backs Extending OPEC Cuts Into 2018
Prince Mohammed bin Salman says ‘of course’ supports roll-over Heir to throne says Saudi Aramco IPO is ‘on track’ for 2018 Saudi Arabian Crown Prince Mohammed bin Salman backed the Continue Reading
Saudi determined to end oil glut, sees smooth exit for OPEC pact
The world’s top oil exporter Saudi Arabia is determined to reduce inventories further through an OPEC-led deal to cut crude output and raised the prospect of prolonged restraint once the Continue Reading
Southeast Asia’s growing energy deficit to boost trade flows by 2040: IEA
Southeast Asia’s growing deficit of fossil fuels including oil, natural gas and coal up to 2040 will dictate energy trends for the whole region, including trade flows, investments and policy Continue Reading
IEA sees Southeast Asia oil demand growing until at least 2040
Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods and Continue Reading
Russia’s Novak says compliance with oil output cut deal 102 percent
Russian Energy Minister Alexander Novak said on Tuesday that compliance with a global output cut deal in the past nine months had been 102 percent. He said compliance by OPEC Continue Reading
OPEC Seeks Help From U.S. Shale
Last week some comments from OPEC Secretary General Mohammed Barkindo signaled that OPEC may not understand how the U.S. oil industry functions. Reuters reports that Barkindo urged cooperation from U.S. Continue Reading
OPEC Looks To Permanently Expand The Cartel
At its November 30 meeting, OPEC will seek to discuss making its current partnership with non-OPEC producers permanent, OPEC’s Secretary General Mohammad Barkindo told reporters at the Oil & Money Continue Reading
OPEC leans toward nine-month extension of oil supply cut: sources
OPEC is leaning toward extending a deal with Russia and other non-members to cut oil supply for a further nine months, four OPEC sources said, although stronger-than-expected demand growth may Continue Reading