OPEC | Egypt Oil & Gas - Part 51
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. ...
OPEC Bulletin: Speculators Also to Blame for Oil Price Slump
Oil supply and demand don’t fully justify the 60% drop in prices between June and January as speculation also played a role, according to OPEC.
Brent falls towards $66, China Factory Activity falls
Brent crude dipped towards $66 a barrel on Monday as weak Chinese data adds to demand fears, while near-record supplies from OPEC producers maintained worries about oversupply.
Iraqi Crude Dents Oil Prices Amidst OPEC Production Commitments
Oil declined from a four-month high in New York after Iraq raised crude exports in April to the most in three decades.
Mexico Supports Algeria’s Bid to Cut Oil Output
Mexico supports Algeria's initiative to encourage dialogue between OPEC and non-OPEC countries in a bid to begin collective action that would help stabilize oil markets through a coordinated production cut, Algerian ...
OPEC Pumps Record 2m bpd in Q1
The world's biggest oil exporters in OPEC have increased production and are now pumping almost 2m bpd more crude than required, the highest surplus for at least a decade.
Venezuela Discuss OPEC and Oil Price Control with Iran
Venezuelan Foreign Minister Delcy Elonia Rodriguez Gomez announced that she had conferred on oil and energy policies with Iranian officials during his Monday visit to Tehran. Saudi Arabia Spearheads OPEC Oil Boom as U.S. Shale Slows Down
Saudi Arabia pumped close to a record amount of crude oil last month, leading the biggest surge in OPEC output in almost four years just as the U.S. shale boom shows signs of slowing, the International Energy Agency ...
