Oil surged on Tuesday as China’s economy outpaced expectations and tensions escalated in the Middle East.
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Organization of the Petroleum Exporting Countries
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Saudi Aramco requested to cut max capacity target back to 12 mbpd
by Aya Anwarby Aya AnwarSaudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity …
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Ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies in …
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Industry & Trade
Russian energy minister: Compliance for OPEC production cut is ‘almost 100%’
by Yomna Yasserby Yomna YasserThe Organization of the Petroleum Exporting Countries (OPEC) has basically fully implemented an oil production cut, Russia …
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Industry & Trade
OPEC just created a big opportunity for US oil firms: Exports to Asia
by Yomna Yasserby Yomna YasserOPEC’s last week agreement to cut oil production will be creating an opportunity for U.S. oil producers …
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MENA News
Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting
by Ghada Ismailby Ghada IsmailIran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for …
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International News
Saudi energy minister Khalid al-Falih: Oil market will balance without output cuts
by Yomna Yasserby Yomna YasserSaudi Arabia’s energy minister Khalid al-Falih revealed Sunday that he believed the oil market would balance itself …
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Oil prices tumbled more than 2.5 percent on Friday after OPEC said October output reached another record, …
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International News
OPEC oil production surge to record highs in September; says IEA
by Yomna Yasserby Yomna YasserOPEC’s oil production surged to record highs in September, a top energy watchdog said on Tuesday, underscoring …
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Industry & Trade
Russia’s Rosneft chief Sechin says no to OPEC oil cut or freeze
by Yomna Yasserby Yomna YasserIgor Sechin, Russia’s most influential oil executive and the head of Kremlin energy giant Rosneft, said his …
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