OPEC | Egypt Oil & Gas - Part 49
Saudi Arabia Measuring Influence on OPEC and Oil Traders
Saudi Oil Minister Ali al-Naimi is counting on oil traders to keep sitting on near-record volumes of stockpiled crude to prevent a second relapse in oil prices later this year.
Russian Oil Output Remains at Post-Soviet High Ahead of OPEC Meeting
Russian oil output remained unchanged in May at a post-Soviet high of 10.71 million barrels per day (bpd), Energy Ministry data showed on Tuesday, three days before OPEC meets to decide on output levels.
Abundance in Supply as OPEC Outputs Rise Causes Oil Prices to Fall
Crude oil prices dipped in early Asian trading on Monday as rising OPEC output and an expectation that the group would keep production high added to sentiment that the market remained over supplied despite ongoing fa ...
OPEC Becomes an Ally for US Amid Changing Times
The Obama administration has found an unlikely ally in its efforts to keep pushing more biofuel into the nation's gasoline supply: OPEC.
The Tanker Market Sends Warning to Oil Giants
Four months into oil’s rebound from a six-year low, the tanker market is sending a clear signal that the rally is under threat.
OPEC Siding with Saudi Over Oil Price War
When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil, prices will be on its side.
Ahead of OPEC Meeting, Crude/Dollar Trade Returns to the Market
A once-popular pair trade pitting the U.S. dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to ...
Iran Hints At possible Meeting of Minds with Saudi Over OPEC
Iran’s Minister of Petroleum Bijan Zangeneh says he may meet his Saudi counterpart Ali al-Naimi at the next OPEC meeting in Vienna.
