OPEC agreed on Wednesday (28 September) to freeze its output for the first time since 2008 after Saudi Arabia had changed its mind amidst pressure
Tag: Russia
2016 Energy Analytics Published
The International Energy Agency (IEA) has recently published the 2016 edition of its Key World Energy Statistics. According to the report, electricity is playing an
Market Update: Oil Output Freeze Looming Over
The OPEC’s Secretary General said yesterday (20 September) that a possible deal aiming to prop up oil prices could last for one year. The cartel
OPEC Forecast: Global Crude Glut to Continue in 2017
OPEC said on Monday (12 September) that global markets would remain oversupplied next year as prices will likely stay low due to the resilience in
Iran Reconsidering an Output Freeze as Production Stagnates
The new data has showed that Iran’s accelerating oil production has stalled in the past quarter as the country is struggling to meet its objectives
Saudi Arabia and Russia Team Up to Help World’s Oil Markets
Saudi Arabia and Russia seized the opportunity given by a G20 summit and agreed that they would cooperate in global oil markets in the future.
Market Analysis: Troubles in Potash Market Might Last for Years
According to Russian billionaire Andrey Melnichenko, the unfavorable conditions in the potash market might take at least a decade to deal with the excess and
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
Saudi Arabia Again China’s Number One Crude Exporter
Saudi Arabia has regained its position of China’s number one oil supplier after having been defeated by Russia in the second quarter of this year.
Israel’s ICL to Sell Potash to India at Record Low Price
Israel Chemicals (ICL) will sell its potash to India at a record low price – the same price agreed by Belarus in June and about