OPEC | Egypt Oil & Gas - Part 48
Saudis Stalling Chinese Requests for More Oil
Saudi Arabia and its main Middle East OPEC partners are turning down Chinese requests for extra oil as they hold back fuel for their own refineries just as demand from the world's biggest crude importer hits new records.
As OPEC Meeting Draws Near, Oil Prices Rangebound
Crude-oil futures moved in a narrow price range in early Asian trade Monday, with gains capped by worries about a recovery in U.S. shale-oil production and as OPEC's meeting draws closer.
Oil Rally Loses Steam as OPEC Set to Increase Supply
Speculators are losing faith in the oil rally, judging that OPEC will keep increasing supply from the highest level since 2012.
Qatar Petroleum Feels Oil Price Pinch, Restructures
State-owned Qatar Petroleum will announce a restructuring plan in the coming months to adapt to the drop in oil prices, the head of its wholly owned international subsidiary said. Venezuela Pushes for New Deal with OPEC, Non-OPEC Nations
Venezuela is pushing for a new agreement between OPEC and non-OPEC nations to stabilize oil prices, President Nicolas Maduro said on Friday, in the most serious indication yet of a renewed drive to boost prices back ... OPEC: Oil to Remain Below $100 for the Next Decade
The Organization of the Petroleum Exporting Countries doesn’t see oil prices consistently trading at $100 a barrel again in the next decade, a pessimistic assessment that has the group considering the return of produ ...
Indonesia Considers Rejoining OPEC as Observer
Indonesia is considering rejoining the Organization of the Petroleum Exporting Countries as an observer after leaving the group six years ago, a minister said Thursday.
OPEC Production, US Crude Oil Imports Increase
US refiners in the Gulf Coast imported 26.4 MMbbls (million barrels) of crude oil in April 2015—compared to 20.5 MMbbls in March 2015 from Saudi Arabia, according to data from the U.S. Customs and Border Protection. ...
