IEA Chief Expects OPEC Deal To Work
Fatih Birol Fatih Birol, the executive director of the International Energy Agency, expects oil’s fundamentals to regain balance soon, thanks to the output cut deal agreed by OPEC last week. Continue Reading
OPEC wants oil price to be moderate, not too high: TASS quotes Venezuela’s Del Pino
OPEC is aiming for a moderate but not too high oil price, Venezuelan Oil Minister Eulogio Del Pino told Russia’s TASS news agency in Caracas. “Our aim is to reach Continue Reading
U.A.E. Oil Minister Says OPEC Will Act Again If Prices Decline
U.A.E. Oil Minister: OPEC to Act Again If Prices Decline A cut in global oil output by 1.8 million barrels a day would be enough to balance the crude market, Continue Reading
OPEC Cheating Will Cap Oil At $52
OPEC HQ Vienna OPEC succeeded in pulling off what many thought was impossible, overcoming mutual disdain and mistrust to reach a deal on reducing its oil output. Oil prices skyrocketed Continue Reading
Venezuela’s Maduro Praises The OPEC Deal, But How Good Is It Really? | OilPrice.com
Nicolas Maduro, the Socialist president of recession-hit and hyperinflation-stifled Venezuela, was the most vocal supporter and promoter of an OPEC deal to reduce oil supply in a bid to lift Continue Reading
IEA’s Birol sees oil market rebalancing well before end-2017
The balance of supply and demand in global oil markets may soon change as a result of OPEC’s decision to cut production, International Energy Agency chief Fatih Birol said on Continue Reading
World Energy Outlook 2016 – Fatih Birol in Brussels
Two days later on 18 November, Fatih Birol presented WEO-2016 at the Centre for Strategic and International Studies in Washington. On 21 November it was the turn of the Friends Continue Reading
After two years, why an OPEC deal now? Kemp
OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at Continue Reading
OPEC says members investing heavily to ensure oil supply
OPEC members are investing heavily to ensure supplies can meet global oil demand, which is likely to continue to rise steadily, the group’s secretary general told an energy conference on Continue Reading
OPEC Seeks Cuts From Nations Pumping a Fifth of Oil
No compatible source was found for this media. OPEC has invited 14 other crude producers, who together pump about a fifth of the world’s oil, to talks this week in Continue Reading