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OPEC and parters to extend output cut
December04,2017
Qatar to raise fuel prices in Oct.
State-owned Qatar Petroleum has decided to raise fuel prices in October, Qatar news agency (QNA) reported Thursday.
September29,2017
Oil price in U.S. fall for 5 consecutive weeks
Oil price fell for a fifth week in the United States after slipping into a bear market on concern that rising production from the U.S. to Libya will offset cuts from OPEC and its allies.
June27,2017
OPEC, Non-OPEC oil producers extend oil output cut by 9 months
The Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC states on Thursday decided to extend the joint oil output cut by nine months to rebalance the global oil market after the ministerial meetings in Vienna.
May26,2017
Oil prices have room to up further: Russian minister
Oil prices are likely to go higher as producing countries have been "successfully" implementing a production reduction deal, Russian Energy Minister Alexander Novak said Sunday.
January23,2017
Venezuela to cut crude output by 95,000 bpd
Venezuela's state oil company PDVSA announced on Tuesday it will cut crude production by 95,000 barrels per day as of Jan. 1.
December28,2016
OPEC’s Challenge
In September, in a concerted effort to stem the fall in oil prices and accelerate the rebalancing of the global market, the Organization for Petroleum Exporting Countries (OPEC) announced the “Algiers Accord.”
December05,2016
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