Iran, Russia Discuss OPEC Summit Date
Iranian Oil Minister, Bijan Zanganeh discussed with his Russian counterpart, Alexander Novak, the recent updates about the next OPEC summit.
OPEC | Egypt Oil & Gas - Part 16
Saudi Arabia Calls for Securing Energy Supply Routes
Saudi Arabia calls for raising the countries’ cooperative efforts to secure the shipping pathways of oil and other products.
Saudi Arabia Voices Support for Extending OPEC Cuts
Saudi Arabia believes that the Organization of the Petroleum Exporting Countries (OPEC) should decide to extend the output curbs during its next summit in Vienna, according to Saudi Energy Minister Khalid Al-Falih ...
OPEC Edges Closer to Extending Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) is about to make its decision on extending the output cut agreement, according to the UAE energy minister Suhail Al-Mazroui.
Iraq Voices Support for Extending OPEC-Led Deal
Iraqi oil minister Thamer Ghadhban expressed his support for the output cut agreement by the Organization of the Petroleum Exporting Countries (OPEC) and its allies.
Oil Could Drop to $30 Due to Supply Glut
Russia is growing concerned of a scenario that could see crude oil prices drop to as low as $30 a barrel if the OPEC-led output deal is not extended.
OPEC Nears Extending Production Cuts
More talks are still needed with non-OPEC producers that were part of the output deal.
Oil Prices Surge 2%, Brent Restores $70 Level
Concerns regarding crude supplies as well as the geopolitical tensions in the Middle East led to a surge in the global oil prices by more than 2%.
Oil Market to Balance by End-2019
The Kuwaiti Oil Minister expects the market to achieve balance by the end of 2019, yet OPEC will continue to work on maintaining stability.
OPEC Expects Growing Oil Demand in 2019
OPEC maintained its estimates for the growth in demand in 2019 steady at 1.21 million barrels per day but expects supply growth to slow in non-OPEC producers.
