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
Iran’s Oil Minister Bijan Zanganeh talks to journalists during a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016. REUTERS/Heinz-Peter Bader MOSCOW (Reuters) Continue Reading
Saudi Arabia is following through with its pledge to stick to the output cuts in the OPEC/non-OPEC deal. The Kingdom is also reducing exports to some buyers, even to its Continue Reading
Bloomberg survey . Total production from the cartel reached 32.83 million barrels per day, which marks a 120,000 bpd increase from August, the Bloomberg survey found. Libya and Nigeria are Continue Reading
OPEC oil output has risen this month by 50,000 barrels per day (bpd), a Reuters survey found, as Iraqi exports increased and production edged higher in Libya, one of the Continue Reading
