Producers in, out of OPEC must act jointly on glut: Barkindo OPEC leader doesn’t want to sound like ‘prophet of doom’ OPEC’s chief warned of prolonged instability in the oil Continue Reading
Global demand for OPEC’s crude oil will rise in the next three years, the group forecast, suggesting its 2014 decision to let prices fall to curb costlier rival supplies such Continue Reading
Iranian oil minister Bijan Zanganeh said on Tuesday that he was still optimistic about implementation of a deal among oil producers to freeze output levels which was reached in Algeria Continue Reading
A report from the IMF has warned that the “new normal” in oil will delay the economic recovery in oil-dependent countries. Few would be surprised by this, except perhaps policy-makers Continue Reading
Global demand for OPEC’s crude oil will rise in the next three years, the group forecast, suggesting its 2014 decision to let prices fall to curb costlier rival supplies such Continue Reading
Lower price expectation offsets gloomier economic forecast Industry must avoid future supply shortfall: OPEC’s Barkindo OPEC raised its forecast for global oil demand next year and through the end of Continue Reading
Opec believes oil demand could peak within 13 years if the Paris climate agreement’s targets are fully implemented, sounding a warning to its members just days after the accord to Continue Reading
After the worst week for oil since January, crude prices firmed up on Monday ahead of Tuesday’s historic election. Oil dropped 10 percent last week, in large part due to Continue Reading
Oil pipelines OPEC Secretary General Mohammed Barkindo offered the market another treat today, saying that Russia is “ on board ” with “the Algiers accord.” This assurance, following numerous other Continue Reading
Oil Rigs Around the time of the February oil crash, we first mused whether OPEC had developed a curious habit of jawboning oil prices higher with the help of flashing Continue Reading
