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
Tag: oil prices
China, India and Japan Further Hamper Efforts to Balance Oil Market
China, India, and Japan are further hampering the global efforts to prop up oil prices and restore market balance due to their faltering demand growth,
Market Update: Oil Prices Rebound With $50 Once Again Becoming Ceiling
Oil prices rebound from five-month lows, following a week of major losses around the world, as investors are still worried about overflowing crude inventories. Even
Oil Majors Focus on Technology to Drive Cost Savings
Major oil companies are using the newest technologies including drones and drill design to data management to decrease costs and withstand a sharp downturn in
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.
OPEC Sees Oil Market Rebalancing
Mohammad bin Saleh al-Sada, Qatar’s Minister of Energy and Industry, said yesterday (8 August) that the oil market was on the path to rebalancing despite
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
Oil Prices Slump on Looming Saudi Arabia-Iran Production Race
Oil prices have plunged again following analysts’ warnings of a looming production race between Saudi Arabia and Iran. The news wiped out earlier price gains
Oil Prices at Their Lowest Levels Since 2004
Yesterday (21 December), oil price fell to its 11-year low responding to the flow of fresh supplies that will outstrip the world’s demand. The price
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