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
Tag: OPEC
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
OPEC Updates 2017 Oil Forecasts After Brexit
OPEC has recently updated its 2017 outlook for the oil market, taking into account possible consequences of Brexit. The cartel says that the world’s demand
Market Update: Global Oil Supply Stabilizes
Yesterday (30 June), oil fell again, pressured by more production in Nigeria and Canada. A Goldman Sachs analyst said that rising Nigerian output would put
OPEC: Oil Output Falling Short of the Demand
For the first time in three years, the Organization of the Petroleum Exporting Countries (OPEC) said that its current output was falling short of the
Venezuela Still Hoping for Oil Output Freeze
Venezuelan oil minister Eulogio del Pino said yesterday (16 June) that Iran would reach its pre-sanction oil output by September, which will revive the talks
OPEC Fails to Agree on New Output Ceiling
OPEC did not manage to agree on a straightforward production strategy yesterday (2 June) as Iran insisted on boosting its own output despite the fact
Iraq Boosts Oil Output Before OPEC Meeting
Iraq is going to supply extra 5 million barrels of oil to its trade partners in June, thus effectively joining other Middle East producers by
Battling for Market Share: Saudi Arabia Wants Asia Buy More Oil
Ahead of the first OPEC meeting under the new Saudi oil minister, the Gulf Kingdom is offering extra crude to its Asian customers, a sign
OPEC to Meet for the First Time with New Saudi Oil Minister
Since the appointment of the new Saudi Energy Minister, Mr Khalid al-Falih has toured six state oil companies, met Gulf oil industry ministers, the South