Russian Minister: To Soon to Decide on Production-Cut Extension
The Russian Energy Minister, Alexander Novak, said it was too early to make a decision on extending production cuts past next March.
News / International
OPEC Developing Post Production-Cuts Strategy
Even as OPEC appears to be on course to re-extend its production-cut agreement with other oil producers, the group has begun preparing for the eventual wind-down of the agreement.
Kuwaiti Business Group to Build 600,000 b/d Refinery in India
The Kuwaiti Al Arfaj Group signed a memorandum of understanding to build a 600,000 barrel per day (b/d) oil refinery in the Indian state of Andhra Pradesh.
Saudi Minister: Oil Investments Returning
Oil investments are rising again due to the reduction in global oil stocks and an improving global economy
Saudi Arabia Remains Committed to Cuts
Despite positive signs in the oil market, Saudi Arabia remains committed to further drawing down global oil stocks.
CEO: Saudi Aramco IPO Not Linked to Market Conditions
The plans for the initial public offering (IPO) of Saudi Aramco are not linked to market developments.
Russia, Saudi Arabia to Discuss Markets, Production-Cut Deal
Russian and Saudi ministers will meet early next month to discuss global oil markets and the future of the production-cut agreement.
Tecnicas Reunidas Submits Lowest Bid for Saudi Project
Tecnicas Reunidas, Saipem, and Samsung E&C are the primary contenders for a contract from Saudi Aramco for the construction of natural gas facilities in Haradh and Hawiyah.
Algeria’s Oil & Gas Revenues Rise 19%
Algeria reported a 19% increase in its oil and gas exports during the first three quarters of 2017.
Iran’s Yadavaran Oilfield Producing 112,000 b/d
Production from Iran’s Yadavaran oilfield has reached 112,000 barrels per day (b/d).
