Saudi view on OPEC deal problems
The committee to monitor the global agreement made by 24 nations to curb production held its fourth meeting this year on July 24 — this…
OPEC deal
OPEC meeting comes
OPEC is worried that its plan to drain a global oil glut — and thereby raise crude prices — isn’t working. A long-planned meeting in…
Oil flat ahead of decisive Opec meeting
Oil prices were little changed on Friday ahead of a key meeting of major oil producing nations next week, sitting below the $50 a barrel…
Is OPEC deal doomed?
Late on Monday the oil world was shocked to learn that Ecuador planned on exceeding its OPEC production quota, publicly breaking from the supply cuts…
IEA: Investment in oil and gas is lower than in electricity for the first time ever
Fossils fuels are no longer the largest recipient of investment in the energy sector, the latest report from the International Energy Agency said Tuesday. Investment…
Offshore boom will break OPEC deal
While all eyes are riveted on how much U.S. shale output is undermining OPEC’s production cuts and any oil price gains, other non-OPEC producers are…
Qatar and Saudi Arabia could threaten OPEC deal
UAE Minister of State for Foreign Affairs, Anwar Gargash, openly stated that the GCC was facing a major crisis, as Qatar seems to be opening…
Iraq almost killed the OPEC deal
OPEC made an early New Year’s resolution when it promised the world that it will get thin – or more accurately that it will thin…