OPEC hikes oil output in September as Iran’s production falls, demand outlook softens
Several OPEC members, led by Saudi Arabia and Libya, put enough new barrels on the market in September to offset…
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OPEC moves to cap Nigerian oil output, boost compliance
OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts…
Seele, OMV: Q2 has been stable, positive
Austrian oil and gas group OMV has seen stable business in the second quarter, CEO Rainer Seele told reporters, after…
US oil exports could exceed 2017 production by four members of OPEC
US oil exports could exceed 2017 production by four members of the Organisation of Petroleum Exporting Countries (OPEC). American analysts…
Hansen, Saxo: Oil lower for longer
From the vantage point of early 2016, the year’s final quarter was widely expected to deliver a firm recovery for…
When everything depends on OPEC
The pump-and-dump strategy introduced by Saudi Arabia in November 2014 was called off Wednesday when Opec members meeting in Algiers…
Brent crude reached 53.5 dollars per barrel
Brent oil price fell below 55 dollars a barrel, a new low last registered in May 2009, due to increasing…
Rompetrol suspends Libyan activity, pulls out all employees
###author### KMG International, through Rompetrol SA -the drilling and well services division – has successfully completed the process of evacuation…
