OPEC | Egypt Oil & Gas - Part 56
Kurd Oil Boosting Supply at Low Prices
Oil producers in Iraqi Kurdistan are unrelenting in their goal to boost output even after the collapse in international prices to below $50 a barrel. Genel Energy Plc (GENL), headed by former BP Plc chief Tony Hayward...
Lybia’s OPEC Governor missing
Libya’s OPEC Governor Samir Kamal was kidnapped last week in the militia-held capital of Tripoli, two officials familiar with the matter said Tuesday, as turmoil continues to ravage the north African country almost fo...
Iran Blames Oil Prices for Delaying Saudi Visit
A meeting between the foreign ministers of OPEC’s Iran and Saudi Arabia was delayed in part due to discord over falling crude prices, said Hossein Amir-Abdollahian, Iran’s deputy foreign minister for Arab and African ...
Iraq Increases Basrah Crude Prices to Asia, Reduces Them for U.S. and Europe
Iraq, OPEC’s second-largest producer, raised the selling price for February shipments to Asia of its main Basrah Light crude by 30 cents a barrel, after Saudi Arabia boosted its pricing to the region. Iraq set Basrah ...
Saudi and Venezuela Work Together to Recover Falling Oil Prices
Venezuela and Saudi Arabia are coordinating joint action to recover oil prices, which fell 50% last year, and stabilise global oil markets, Venezuelan Minister of Economy and Finance and Public Banks Rodolfo Marco Tor...
Iran and Venezuela Join Forces to Stabilize Falling Oil Prices
Iran and Venezuela vowed Saturday to work together to stabilize falling global oil prices as Iran’s supreme leader accused “enemies” of using crude prices as a political weapon. With President Nicolás Maduro of Venezu...
Venezuelan leader Maduro seeks economic help on tour
Venezuelan President Nicolas Maduro is beginning an international tour to try to stem the impact of falling oil prices and a deepening recession. Mr Maduro goes first to China – a major source of loans for Venez...
Saudis Seen Giving Asia Smaller Oil Discounts on Signs of Demand
Saudi Arabia will probably offer smaller discounts to ship crude to Asia amid speculation demand will increase after benchmark prices dropped almost 50 percent last year. The world’s biggest oil exporter will announce...
