Brent Price Tops $60 per Barrel
The price of Brent crude oil climbed to over $60 per barrel during Friday’s trading.
OPEC | Egypt Oil & Gas - Part 24
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.
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.
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.
Compliance with Production-Cut Agreement at 120%
Compliance with the production-cut agreement reached 120% in September.
OPEC Likely to Extend Production Cuts
OPEC’s agreement with Russia and other non-OPEC producers to cut oil production will probably be extended a further nine months to the end of 2018.
Iran Wants to Extend Production-Cut Agreement
Iran favors an extension to the production-cut agreement between OPEC and some non-OPEC oil producers until the end of 2018.
OPEC 86% Compliant with Production-Cut Obligations
OPEC compliance with the oil-production agreement implemented in January between OPEC and major, non-OPEC oil producers is at 86%.
OPEC Secretary General Hints at “Extraordinary Measures”
“Extraordinary measures” may be necessary to stabilize oil markets, the Secretary –General of OPEC, Mohammad Barkindo, told reporters.
UAE Announces Further Production Cuts
The UAE will make further oil-production cuts in November.
