OPEC | Egypt Oil & Gas - Part 47
Saudi Adamant Over Prices as Crude Demand Returns to OPEC
Sources told Reuters that Saudi Arabia sees no need to hold a summit for oil producing countries' over oil prices if such discussions would fail to produce any concrete resolution of the outlying issue.
Indonesia to rejoin OPEC
Indonesia said it’s preparing to rejoin OPEC, Reuters reported.
Iran Waiting for Mexico and Venezuela to Make OPEC Price Moves
Mexico is willing to work with OPEC if the group tries to stabilize crude markets amid a global supply glut and slide in prices, Iran’s Oil Minister Bijan Namdar Zanganeh said
Saudi Arabia Contemplating Wide-Ranging Cuts Under Price Pressure
Bloomberg has cited anonymous but well placed sources that Saudi Arabia is working with advisers on a review of the country’s capital spending plans to save money.
Oil Prices Drop Amid Global Downturn
Oil prices for benchmark WTI and Brent crude fell on Monday as stock markets suffer heavy losses and global markets slow down,
Algeria Trying to Move OPEC and Other Oil Producers to Control Prices
Informed sources told the Wall Street Journal that Algerian Oil Minister Salah Khebri had written to OPEC warning that a new drop in oil prices may warrant fresh discussions over the organization's strategy.
Algeria Calls for Non-OPEC Members to Cut Production Rates
The Algerian energy minister stated that non-OPEC nations need to help to stabilize international oil prices,
Venezuela Lays Claim to Guyana Oil Field
Venezuela is laying claim to massive oil and gas reserves recently discovered by Exxon Mobil off the coast of Guyana,
