Energy ministers of OPEC members – Saudi Arabia, Iran and Iraq – will be meeting with their Russian counterpart for informal talks next week during
Tag: OPEC
OPEC Reaches an Output Freeze Deal
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
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.
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
Iraq Considers Oil-Swap Deal with Iran if Talks with Kurds Fail
Iraqi Oil Ministry said that it would consider selling its crude through Iran if the upcoming negotiations with the autonomous Kurdish region on an oil
Venezuela Poised to Export Less Oil Next Year
Columbia University said earlier this year that Venezuela, a traditionally major player in oil markets, is poised to export much less oil next year due
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.