oil glut | Egypt Oil & Gas
Libya, Nigeria May Adjust Oil Output
Libya and Nigeria, exempt from global oil cuts in 2017, may attend a joint meeting between members of the Organization of the Petroleum Exporting Countrys (OPEC) and non-OPEC nations late July as oil producers look fo...
OPEC Might Adjust Oil Cut Deal
OPEC delegates were encouraged by Russia to change the OPEC-led deal to cut oil supplies, opening the door to clear the global supply glut. The delegates stated that their discussions did not focus on taking further s...
Iraq Exports 592m Barrels of Oil in 1H 2017
Iraq exported more than 592m barrels of oil since January, according to the Oil Marketing Company SOMO, one of the most important companies in the country’s oil sector. Iraqi daily exportation rate during the fi...
Kuwait Oil Exports to Japan Increase 10.2% in May
Kuwait boosted crude oil exports to Japan by 10.2% in May, which is the first growth in four months, according to Mubasher. The Gulf country is the third crude oil source for Japan behind Saudi Arabia and the UAE with...
Saudi Maintains Near-Record Crude Output
Saudi Arabia has been reported to continue pumping at near-record levels to defend sales in Asia, its biggest market, amid an increase in global supply. In addition, Saudi Aramco, the state-run oil giant, said that bo...
Riyadh and Moscow Propose to Freeze Oil Output
Oil ministers of Saudi Arabia and Russia, Ali Al-Naimi and Alexander Novak, held talks in Qatar on 16th February to discuss the oil market amid a push for cooperation between OPEC and other major producers to tackle a...
Iran Nuke Deal Reached, Governments and Corporations Measure Ramifications
Iran and six world powers reached an agreement on Tuesday to lift sanctions against the Islamic Republic, and while U.S. and Iranian leaders have heralded the deal as a victory, the real winners could be corporations ...
Balancing Physical Risks and Financial Gains Posed by Excess US Oil Storage
Just as Wall Street says the U.S. is running out of room to store oil, it turns out there’s another 20 million barrels of empty space. Where? Right at the top of the tanks. A supply glut has dragged U.S. crude for May...Page 1 of 1
