US shale | Egypt Oil & Gas
ADIPEC Dialogue Reveals Manufacturing Crucial For Oil Market Recovery
The latest of ADIPEC Energy Dialogue maintains that manufacturing is key to the mid-term revival of the oil and gas markets as consumer demand is expected to lag, according to a press release. Speaking at ADIPEC Ene...
OPEC Cuts Necessary for High Oil Prices: Qatar
Qatar has affirmed the need to maintain current oil supply curbs over the long-term to ensure that the market continues to stabilise and guarantee that prices fully recover from the 2014 crash, Reuters reported. Qatar...
OPEC, Russia Consider 10-20 Year Oil Alliance
Riyadh and Moscow are considering extending Russia’s current short-term alliance with OPEC to curb oil production that began in January 2017 after a crash in crude prices, Reuters reported. “We are working to shift fr...
Saudi Arabia Offsets OPEC Cuts with Record Fuel Exports
Saudi Arabia exported a record amount of gasoline and diesel in January 2018, helping the kingdom to offset the crude production cuts mandated by OPEC, Bloomberg reported. Data released by the Joint Organizations Data...
Oil Producers Extend Output Cuts for 9 Months
Oil producers chose to extend supply cuts of 1.8mb/d for nine extra months, amidst a global glut of crude and rising US shale gas production, which saw prices more than half in the past three years, Normangee Star rep...
Saudi Arabia Aims Barrel Price to Hit $60
Saudi Arabia wants crude oil prices to rise to around $60 a barrel in 2017, five sources from OPEC countries and the oil industry said, according to Reuters. This is the level the OPEC heavyweight and its Gulf allies ...Page 1 of 1
