Oil prices declined on the news that the United States would grant some countries waivers on Iranian crude imports. Brent crude oil lost around 16
Tag: KSA
Agreement Reached: OPEC to Cut Its Oil Output
The Organization of the Petroleum Exporting Countries (OPEC) agreed yesterday (30 November) on its first oil production cut since 2008 after Riyadh had reached a
Iraq Revamps Investment Deals to Boost Oil Output
Iraq has finalized deals with BP, Shell and Lukoil to provide a new impetus to stalled investments in oil fields that the companies are developing.
Latin American Countries Call for Oil Production Freeze
Ecuador, the smallest member of the Organization of Petroleum Exporting Countries (OPEC), said on behalf of Latin American nations that the oil-producing economies must take
China-Iran Oil Deal Shows Discontent within OPEC
China has recently renewed its oil purchase contracts with Iran, thus boosting the confidence of Teheran to re-establish itself in global energy markets. At the
Canpotex as ‘OPEC’ and PotashCorp as ‘Saudi Arabia’ of the Potash Industry
Potash prices have gone down by US$15 per ton to US$282 per ton from US$297 since March this year. In the light of last week’s
Oil Refiners Continue to Cut the Number of Rigs Despite the Rebound in Crude Prices
Oil services company, Baker Hughes Inc, said last week that energy firms pulled another seven rigs from U.S. oil fields, which is the highest number
OPEC Not United in Further Steps to Address Plummeting Prices
Saudi Arabia’s Oil Minister Ali al-Naimi’s comments on the situation in international energy markets from the beginning of this month have left OPEC countries wondering