OPEC | Egypt Oil & Gas - Part 48
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,
Oil Prices Rally on News of Declining US Shale Production, OPEC Meeting
Global oil prices rose in mid August amid news of declining US shale oil production, and rumors of an emergency OPEC meeting, The Wall Street Journal reported.
Indonesia Seeking to Rejoin OPEC
Indonesia is seeking to rejoin OPEC to get access to cheaper oil supplies as demand soars and domestic production falls, but critics say the move is an unwelcome distraction from efforts to overhaul the country's tro ...
Uruguay Settles Oil Debt with Venezuela at a Discount
South American OPEC nation Venezuela will allow Uruguay to pay off a $400 million energy debt at a 35 percent discount, Uruguay said on Monday.
Iran Poised to Retake Market Share with Super-Tanker Storehouse
Iran is storing as much as 40 million barrels of oil on supertankers at sea as it prepares for a sales drive if a nuclear deal can be sealed.
Oil Prices Fall as OPEC Keeps Production Unchanged
Crude oil prices fell in early Asian trading on Monday as markets were expected to be increasingly oversupplied following OPEC's decision last Friday to keep its production targets unchanged.
Saudi and Kuwait Entering the Global Solar Contest
To hear the oil ministers of Saudi Arabia and Kuwait talk about it this week, the race to develop massive solar power arrays in the world's sunniest nations is nearly as important as the current battle for oil market ...
