UAE energy minister says OPEC is not targeting a certain oil price
OPEC producers are not targeting a certain oil price, United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on…
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Russian oil output hits record high in March
Russia’s oil output edged up in March to an 11-month high of 10.97 million barrels per day (bpd), slightly above…
Saudi Aramco signs preliminary gas deal with Shell
State oil giant Saudi Aramco signed a preliminary deal to pursue international gas opportunities with Royal Dutch Shell on Thursday…
US will overtake Russia as top oil producer by 2019, says the International Energy Agency
The United States will overtake Russia as the world”s biggest oil producer by 2019 at the latest, the International Energy…
Saudi Energy minister urges oil producers to extend cooperation beyond 2018
Saudi Arabia’s energy minister urged global oil producing nations to extend their cooperation beyond 2018, but said this might mean…
Saudi Arabia should fear U.S. oil dominance
One of the more important recent developments in global energy is the resurgence of U.S. energy production, thanks in large…
Oil rises to the highest level of the past two years
The Brent oil barrel rose on Monday at the ICE Futures London stock exchange to $ 62.46, the highest level…
Energy security in Asia ‘may be fatally compromised,’ Saudi’s Khalid Al-Falih
Saudi Arabia’s Energy Minister Khalid al-Falih said he was worried about future energy security, especially in Asia Saudi Arabian Energy…
OPEC is in no rush on deeper oil output cut
OPEC will not rush into making a further cut in oil output or end some countries’ exemptions to output limits,…
Oil slips on worries Mideast rift could undermine OPEC cuts
Oil prices slipped further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several…
OPEC: Prolonging cut would achieve mission to clear oil glut
The world’s two biggest oil exporters seem to have finally figured out how to eliminate a global surplus that’s kept…
Saudi sale of the century lures foreign investment banks, PE firms
One of the world’s largest privatization programs is drawing foreign investment banks and private equity (PE) firms to Saudi Arabia,…
The global oil market in 2017: contango or backwardation? (analysis by Radu Dudău)
Radu Dudău, EPG Director More than four months after the November 30, 2016 deal between OPEC and eleven non-OPEC producers to…
Oil whipsaws as production seen rising, more OPEC cuts discussed
Oil prices whipsawed Monday, in movement simmilar to those recorded since the beginning of the year, turning negative after the International…
Oil overhang points to need for extended OPEC output cuts
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing…
Ministers laud strong start to OPEC, non-OPEC oil output cuts
OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in…
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