OPEC | Egypt Oil & Gas - Part 53
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 t... 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 produc...
Indonesia Considers Rejoining OPEC as Observer
Indonesia is considering rejoining the Organization of the Petroleum Exporting Countries as an observer after leaving the group six years ago, a minister said Thursday. “We want to have an interaction with the market ...
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. T...
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. A rise in supply from outside the Organization of Petroleum Exporting Cou... 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. China, the world’s second-largest ...
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. The boost from Iraq suggests the global supply glut will persist, with OPEC pumping at close to th...
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, Alge...
