Iraq Changes Course on Price Benchmarks
Iraq is reconsidering its previously announced plan to switch its price benchmark for Asian-bound crude from the Platts’ Oman-Dubai average to DME Oman futures.
Oil Price | Egypt Oil & Gas - Part 2
US Oil Prices Sink Below $50
The US price of crude oil is hovering under $50 per barrel despite this week's meeting of oil producers in Abu Dhabi to discuss compliance with January's production-cut agreement.
Saudi Heavy Crude Price to Asia to Increase by August
Saudi Arabia is aiming to raise prices for its exported heavy crude to Asia by August to the highest level in more than three years.
Al-Mazrouei: No Need for Extraordinary OPEC Talks
"No one is talking about extraordinary. We are at the beginning of the agreement, I think we need to give it a little bit of time," the United Arab Emirates Energy Minister, Suhail bin Mohammed al-Mazrouei, said,
OPEC Signals Oil Output Cut Extension
The Saudi Oil Minister stated that oil producers would "do whatever it takes" to rebalance the market.
Oil Drops to $45 Despite OPEC Deal
Oil hovered around $46 per barrel in New York, back to levels last seen before the OPEC deal to cut production.
OPEC Lost $1t to Slump in Prices
The Organization of Petroleum Exporting Countries’ (OPEC) Secretary-General, Mohammed Barkindo, explained the amount was lost in terms of deferred projects and outright cancellation of projects across its entire valu ...
Russia’s Rosneft Dismisses OPEC as Regulator
Head of Russia's top oil producer Rosneft said that Saudi Arabia, the United States and Russia were the three main players on global oil markets and the role of OPEC was evaporating.
Iran Accuses OPEC Members of Dumping Oil Prices
Iran's Oil Minister, Bijan Zanganeh, accused the regional neighbors and OPEC friends of trying to take away its customers by offering cheaper oil.
