OPEC | Egypt Oil & Gas - Part 52
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 lowest oil prices in over six years have fueled a resurgence in U.S. g...
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. A sudden surge in demand for supertankers drove benchmark charter rates 57 percent higher...
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. Crude plunged for eight of nine weeks prior to the group’s November gathering, wh...
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 m...
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. Zangeneh said the views of the two countries are identical in many areas and that Ira...
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...
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. On the New York Mercant...
