Saudi Arabia has cut crude exports and the initial evidence hints that the biggest slash is being made in deliveries to the United States. Moreover,
Tag: OPEC
Nigeria to Boost Oil Production as OPEC Cuts Start
Nigeria had upped its oil production days before OPEC’s output cuts started on 1 January. France’s Total had started oil production from Nigeria’s ultra-deepwater oil
NOPEC Taking Gloves Off: Qatar Set to Pump $20 Billion into US Oil & Gas Sector
Qatar Petroleum (QP) is about to invest at least $20 billion in the United States, the company’s CEO Saad al-Kaabi said after Qatar unexpectedly announced
US as World’s Top Oil Producer: What’s Next in 2019?
This year, the United States became the world’s largest oil producer. Oil is currently trading at around $50 a barrel, which could be considered as
OPEC: The Bad, the Worse and the Future
The OPEC cartel and its Russia-led allies have decided to cut oil production, starting January. The deal, which will see oil production cut by 1.2
OPEC Break-Up: Qatar’s Exit from the Grouping Seen as a Political Move
Qatar has announced its intention to leave the Organization of Petroleum Exporting Countries (OPEC) to increase its own production. The small Gulf country is one
Stabilizing Oil Market: Saudis Pondering Production Cut Despite Trump’s Pressure
Saudi Arabia is not going to act alone to cut oil production to stabilize the market, Energy Minister Khalid al-Falih said as Nigeria and Russia
The US Oil Embargo on Iran: A New Oil Shock?
The Vienna agreement from 14 July 2015 on Iran’s nuclear activities was a game changer for the oil market in the Middle East. The oil
Filling in Oil Supply Gap Against the Backdrop of Iranian Sanctions
Saudi Crown Prince Mohammed bin Salman has said that his country had filled in the supply gap that had been created after Iranian crude supplies
Iraq Boosts Oil Production Despite Street Protests
Iraq is producing crude oil at record levels while the oil-rich south of the country is being engulfed by rioting street protests. Iraq’s oil exports