OPEC | Egypt Oil & Gas - Part 52
OPEC Should Cut Oil Output, Libya Official Says
OPEC should change course and cut oil supply by 800,000 barrels per day (bpd) or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor said.
Saudi Still Waiting for Non-OPEC Help, Moving into Shale
Saudi Arabia's oil minister Ali al-Naimi said on Tuesday that the kingdom stood ready to "improve" prices but only if other producers outside of the Organization of the Petroleum Exporting Countries (OPEC) joined the ...
Saudi Minister: Non-OPEC Producers Still Not Cooperating Over Oil Prices
OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia's oil minister said on Sunday
Saudi OPEC Governor Precludes Return to High Price Era
Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again.
Brent Price Falls on Expectations of Higher Supplies from OPEC, US
Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from Opec and the United States.
Iran not to Reduce OPEC Share, Criticizes Cartel for Supply Glut
Iran’s Minister of Petroleum Bijan Namdar Zangeneh says Tehran will not reduce its share of crude production at the Organization of the Petroleum Exporting Countries (OPEC).
Algeria Seeks Solidarity Betwen Crude Producers to Halt Price Decline
Algeria is seeking to coordinate a global response from oil-producing nations to tumbling prices, Algeria Press Service reported, citing Energy Minister Youcef Yousfi. Crude traded near a six-year low in New York on ...
OPEC Expects US Shale to Decrease in Coming Year
US shale oil producers could reduce output late this year if low oil prices continue, according to a new report from the Organisation of Petroleum Exporting Countries (Opec).
