Oil prices fall to 10-month low
Oil prices fell about 3% to a 10-month low in heavy trading on Wednesday, as nagging fears about the global crude glut fed a sell-off…
OPEC
Oil price hits a seven-month low – Photo
Increased supply by several oil producing countries despite cautionary advice from the Organisation of the Petroleum Exporting Countries (OPEC) and others to reduce output has…
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…
Saudi-Russian oil price war – Photo
International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between…
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…
How Putin, Khamenei and Saudi prince got OPEC deal done
Russian President Vladimir Putin played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel’s first deal…
Azerbaijan is invited to the OPEC meeting in Vienna
The Azerbaijani side has received the invitation to the meeting of ministers of OPEC member-states and countries that are not members of the cartel in…
A Look At Saudi Arabia’s Secret Oil Strategy
Faced with an oil glut that is not expected to draw down until late into 2017 and that is depleting oil-dependent government coffers, OPEC is…
Saudis together with OPEC trying to fool the world
Saudi Arabia and OPEC appear to be on a new mission lately:to fool oil markets. On the one side they are talking the market up…
Oil prices increased after support for OPEC’s output cut
Global oil prices reached $53.17 at 2004 GMT on Monday after Russian President Vladimir Putin and Venezuelan President Nicolas Maduro expressed their positive approach on…