OPEC | Egypt Oil & Gas - Part 53
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).
Saudi Advisor: Oil Prices to Stabilize, Supply-Demand to Remain Healthy
Oil prices have started to stabilise around $60 a barrel in past weeks and will continue to firm up, while crude demand will grow stronger, an adviser to Saudi Arabia's oil minister said.
Russia to Discuss Prices, US Shale Oil at June OPEC Summit
Russia said on Wednesday it would meet OPEC in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle th ...
Kuwait: OPEC Likely to Maintain Price Policy till June 5
OPEC is likely to maintain its production policy at a meeting in June, Kuwait's OPEC governor said on Tuesday in the first public comment on what would be a crucial decision to determine the direction of global oil p ...
IEA Names New Executive Director
The International Energy Agency’s governing board confirmed the appointment of Fatih Birol as the agency’s next executive director. Birol succeeds Maria van der Hoeven, who will complete her 4-year term on Aug. 31.
Saudi Oil Minister in Talks with Algeria, Russia
Saudi Arabian Oil Minister Ali Al Naimi discussed Opec and the oil market with officials from Russia and Algeria, Saudi state news agency SPA reported.
Libya’s Kidnapped OPEC Envoy Freed
A senior oil official who represents Libya in the OPEC cartel has been freed after being kidnapped last month in Tripoli, National Oil Company sources said Monday.
