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
Category: Markets
Market Update: Global Investment in Energy Plummets
According to the World Energy Investment 2016 report of the International Energy Agency (IEA), the world’s investment in energy went down by 8 percent in
BP to Slash Investments in Medium-Term in Line with Industry Trends
BP – or British Petroleum – is not going to increase its annual investments at least till 2020, although it still expects to make nine
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
Japan Aims to Decrease Fertilizer Prices in Wake of TPP
Japan’s national farming collective is about to decrease the number of types of crop nutrients used in rice production with the aim to cut costs in the
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.
Saudis Pondering an Output Freeze
Saudi Arabia is considering offloading a stake in the state-run producer Aramco after two years of an oil price war. This change comes as OPEC
Africa’s Fertilizer Sector Poised to Benefit from Competition
The World Bank has recently identified the fertilizer sector as one of the key areas for unlocking the continent’s potential. According to the Washington-based institution,
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
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