Can An OPEC Deal Influence Oil Prices At All?
Offshore Oil Rig Saudi Arabia and Russia announced their cooperation to stabilize global oil markets, and while crude oil jumped on the news, it quickly gave back more than half Continue Reading
What’s Really Going On With The OPEC Freeze?
Ahead of the OPEC meeting in Algeria, Oilprice.com sat down with Robin Mills, an expert on Middle East energy strategy and economics, to get a clearer view of the forces Continue Reading
OPEC’s Crude Is Too Sour for This Oil-Market Upstart
High-sulfur crude not suitable for its refineries: Dongming Chinese refiner gets more than 50% of oil from Africa, Latam OPEC’s biggest producers are playing second fiddle to smaller suppliers in Continue Reading
Donald Trump’s oil man urges Russia and Opec to cut output
Harold Hamm, Donald Trump’s top energy adviser, has urged Russia and Opec to rein in oil production in an effort to raise prices, saying US companies have already lowered output Continue Reading
OPEC Output Rises to Record Before Talks With Russia on Freeze
Gains in Iraq, Iran, Kuwait counter Nigeria losses: survey Saudi Arabia pumps at all-time peak of 10.69 million b/d OPEC’s crude production climbed to a record last month as increased Continue Reading
Russia Backs OPEC Deal With Wild Card for Iran’s Output
Shale Well The latest chapter in the oil production freeze chatter saw Russia and Saudi Arabia issuing remarks about a possible deal, but while the Saudi foreign minister said that Continue Reading
OPEC Pumps Record Crude In August
Oil Asia OPEC’s crude production increased by 40,000 bpd in August over July to a record-high in recent times, with Saudi Arabia likely setting a fresh output record, according to Continue Reading
Saudi minister says OPEC moving to common position on oil output changes
Minister of Foreign Affairs of the Kingdom of Saudi Arabia, Adel al-Jubeir gives a speech at Peking University in Beijing, China, August 31, 2016. Saudi Arabia’s minister of foreign affairs Continue Reading
OPEC oil output hits record as Gulf gains counter African losses
OPEC’s oil output is likely in August to reach its highest in recent history, a Reuters survey found on Wednesday, as extra barrels from Saudi Arabia and other Gulf members Continue Reading
Saudi minister says OPEC moving to common position on oil output changes
Saudi Arabia’s minister of foreign affairs said on Thursday that it would be reasonable for the kingdom to go along with other producers in changes to oil production. Adel al-Jubeir, Continue Reading