OPEC | Egypt Oil & Gas - Part 50

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.

Al-Naimi: Renewables a Must When Fossil Fuels Run Out

Saudi oil minister Ali Al-Naimi said on Thursday the kingdom envisaged the fact that fossil fuels could become unnecessary before the middle of the century and was investing in renewable energy for that reason.

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 ...

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