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Russia, Saudi push for OPEC oil supply increase while demand is strong

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers are seeking a compromise as Saudi Arabia and Russia are pushing the oil cartel...

Saudi Arabia, Russia may extend OPEC, non-OPEC oil output deal

Plans of the Organization of the Petroleum Exporting Countries (OPEC) and other supplies, especially Russia, to possibly continue curbing oil production for the rest...

Saudi Arabia, Putin’s Russia lead OPEC oil output cut extension deal through end of 2018

In an effort to boost oil prices, the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members, including Russia, reached an agreement on November...

Iraqi-Kurdish battles send oil prices gushing, retreating

Oil prices surged from October 13 through October 18 as fighting between Iraqi and Kurdish forces intensified, threatening supplies from northern Iraq, while markets...

Russia takes pass on Qatar conflict with Arab neighbours

MOSCOW – Russia, which has called for dialogue to tackle the political rift in the Arab world over Qatar, will not take sides in...

OPEC, non-OPEC extend oil cut as cooperation with Russia improves

VIENNA - In an effort to reduce a global crude oil glut and boost prices, Members of the Organization of Petroleum Exporting Countries and...

Oversupply fears push oil prices to five-month lows

Fears of oversupply pushed oil prices to five-month lows on May 5 despite signals that Russia is ready to join the Organization of Petroleum...

Trump signs order on oil drilling but market is skeptical

As he approaches his first 100 days in office, US President Donald Trump signed an executive order on April 28 that could lead to...

Anti-OPEC Trump wild card for oil prices

Donald Trump’s victory in the US presidential election means his administration is likely to focus on domestic oil projects, leading to a prolonged period...

Russia, Saudi Arabia agree oil production freeze as Iran says will boost output

Iran plans to increase its own oil output to pre-sanctions levels in the next few months. National Iranian Oil Company (NIOC) Director for International...

Saudi Arabia in a proxy war with Iran, Russia

Given the level of mistrust among Organization of Petroleum Exporting Countries, it is unlikely that OPEC and non-OPEC oil producers, including Russia, will reach...

Low oil prices can’t sink tanker market

ATHENS – Despite slumping oil prices, the tanker market has been very healthy, a leading energy expert told New Europe at a maritime forum.“The...

Russia, Saudi coordinated production cuts unlikely

Russian Energy Minister Alexander Novak said on January 28 Saudi Arabia has proposed oil production cuts of up to 5% by each country. “This...

As Oil Prices Tank, Saudis Open to Aramco IPO

Pressured by slumping oil prices, Saudi Arabia is considering listing shares in state-owned Aramco.Probably the world’s most valuable company and the world’s biggest oil...

Russia’s Syria Strikes, Slowing Production Boost Oil Prices

Rising geopolitical tensions and signs of slowing output, boosted oil prices last week testing new highs.International oil benchmark Brent crude has rallied by as...

OPEC Keeps Pumping, Vexing Putin, Iran

Despite the steep fall in oil prices in recent months, the Organization of the Petroleum Exporting Countries (OPEC) oil producers on November 27 decided...

Libya, Iran pull oil prices in different directions

Unrest in Libya has raised supply worries fuelling oil prices while progress in settling the dispute over Tehran’s nuclear programme has raised traders’ hopes...

Volatile Iraqi Oil Industry Won’t Catch Saudis

Iraq, which is heavily dependent on oil exports, is facing an uphill battle as the violence-torn country is seeking to dramatically ramp up its...

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