The American oil giant Exxon Mobil Corporation is pondering oil and gas exploration in Israel. This move would make Exxon the first oil major to
Tag: Kuwait
Between a Rock and a Hard Place: For OPEC, the Struggle is Real
Eckart Woertz (Barcelona Center for International Affairs – CIDOB) In December last year, OPEC’s three largest oil producers managed to find common ground on the
No Exception for Exxon to Drill in Russia as OPEC Extends Output Freeze
The Organization for Petroleum Exporting Countries (OPEC) has decided in favor of an oil output freeze extension. The cartel would extend the global deal to
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
Iran Sends its First Oil to China’s Teapots
According to trade sources, the battle among oil suppliers to satisfy the rising demand for imports from China’s independent refiners is being heated by the
Iraq Boosts Oil Output Before OPEC Meeting
Iraq is going to supply extra 5 million barrels of oil to its trade partners in June, thus effectively joining other Middle East producers by
IEA’s Chief Says Oil Prices Depend on Global Growth
The head of the International Energy Agency (IEA), Fatih Birol, said on Sunday (1 May) that crude prices may have reached their lowest, providing that
Kuwait to Boost Oil Production Despite Strikes
Kuwait is planning to increase its oil production despite an ongoing strike by Kuwaiti oil workers. The Kuwaiti government said that it would sue, what
Oman Criticizes OPEC for Keeping Oil Production Unchanged
Oman’s Oil Minister, Mohammad bin Hamad al-Rumhy, recently (21 January) censured OPEC’s decision not to cut oil production to support the prices saying that this
Oil Drops below $45 while OPEC Standing Firm on Output
The Organization for Petroleum Exporting Countries (OPEC) is unshakable in its decision not to cut oil production to prop up prices. The cartel still insists