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
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 is stable ahead of producer meeting
Oil prices held around a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising…
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…
Saudi Arabia: Technical problems could wipe out the world’s oil glut in weeks
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. Saudi Aramco CEO…
How OPEC can kill US shale
One commodity analyst got it right: the OPEC cuts would not work. After November last year when the oil cartel announced its agreement with Russia…
Oil edges lower on high fuel inventories
Oil markets edged lower on Friday amid high fuel inventories and improving industry efficiency, but remained on track for a solid weekly gain, Brent crude…
IEA head said electric power poses no challenge to oil
Global oil demand will continue to escalate despite slower growth as a result of the introduction of electric cars, according to the head of the…
Oil rises above $48
Oil rose above $48 a barrel on Wednesday in response to a fall in U.S. fuel inventories and a cut in the U.S. government’s forecast…