There are two ways of looking at the OPEC meeting in Vienna, and neither is wrong. Firstly it was a success as the Saudis and Iranians managed to be relatively Continue Reading
In this week’s key data for the oil and gas industry, we continue to see a decline in U.S. crude inventories and gasoline stocks while U.S. production keeps on following Continue Reading
Saudi Arabia’s new energy minister rallied Opec support for maintaining production on Thursday, as a near-doubling of crude prices since January eased tensions among oil exporters. Khalid Al Falih said Continue Reading
For a short while it seemed that the Organization of the Petroleum Exporting Countries would start acting like a cartel again by putting a ceiling on the group’s production of Continue Reading
An OPEC flag sits on a table ahead of the meeting in Vienna on Thursday. VIENNA—OPEC broke off its meeting on Thursday without reaching an agreement on oil production , Continue Reading
Oil Rig Sunset OPEC’s strategy in the past have been to maneuver its oil production to bring about market stability. However penetration of U.S. shale oil forced them to alter Continue Reading
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf July 25, 2005. OPEC’s oil output fell in Continue Reading
Venezuela’s Oil Minister and President of the Venezuelan state oil company PDVSA Eulogio del Pino attends a plenary session of the National Oil and Gas Forum in Moscow, Russia, April Continue Reading
The Organization of the Petroleum Exporting Countries isn’t likely to take any coordinated action on crude-oil output at its meeting on Thursday, representatives said, as the group sees signs of Continue Reading
OPEC members gathering in Vienna June 2 are expected to go along with a Saudi Arabia-led policy focused on squeezing out rivals amid signs the strategy is working. That means Continue Reading
