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Nigeria lucky again as OPEC extends oil output cut by 9 months

26 Maggio 2017

Nigeria stands to continue to benefit from an improved oil revenue as the Organization of Petroleum Exporting Countries (OPEC) decided on Thursday in Vienna to extend cuts in oil output by nine months to March 2018 to further battle a global glut of crude. OPEC’s cuts have helped to push oil back above $50 a barrel this year, giving a

BreakingNews @en

Saudi Arabia vows to 'do whatever it takes' to balance oil market

Saudi Energy Minister, Khalid Al-Falih, has declared to do whatever it is necessary to cut crude output to be extended through all 2017. The organization of petroleum exporting countries (OPEC), whose Saudi Arabia is the leader member, has declared on the first half of this year to cut crude output

Iran ranks as No.2 oil supplier to South Korea 1st time for a quarter

South Korea’s March imports from Iran more than doubled from a year

Iran adheres to its commitments to OPEC: oil minister.

Most oil producers support an extension of output cuts by OPEC and

Taiwan increases KBT crude imports from Iraqi Kurdistan after OPEC cuts

28 Marzo 2017

BreakingNews @en

Taiwan is increasing oil imports from Iraqi Kurdistan as local refiners take advantage of an open arbitrage to buy high-sulphur crude that can replace supplies cut by OPEC. State-owned CPC Corp bought 1 million barrels of Kurdish KBT crude for the first time in the second quarter, and Formosa Petrochemical

Decision on extension of global oil output cut deal postponed to May

28 Marzo 2017

BreakingNews @en

Most participants of the meeting of ministers from the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers, which took place in Kuwait City on Sunday, supported the extension of an agreement on oil output cut by six months but the final decision will be taken in May

Libya's oil production rebounds back to level before clashes.

23 Marzo 2017

BreakingNews @en

Libya’s oil production has climbed back to the level before clashes disrupted output three weeks ago and forced the OPEC nation’s two biggest oil ports to halt shipments. The global target for next month will be to reach 800,000 barrels a day. This objective is close to the previous oil

Cooperation between OPEC and non-OPEC countries to stabilize and raise oil prices

10 Dicembre 2016

Varie

“Close cooperation among OPEC and non-OPEC countries is key to stabilize and raise oil prices,” has said the Iranian President Hassan Rouhani. The countries should work together to secure implementation of the deals in the first half of next year. The Iranian President specified the position of Latin American countries

American oil companies recorded an increase of production

6 Dicembre 2016

BreakingNews @en

In spite of the decrease of oil production decided by OPEC, the American oil companies recorded an increase of production. The decision of American companies has fueled a speculation that pushed up oil prices to $ 1.35 daily, compared with 10 cents of average. Some analysts suspect that there isn’t a

President Putin played an active role in the OPEC deal to cut oil production

3 Dicembre 2016

BreakingNews @en·Energy

The vice President of Russian energy giant Lukoil said that Russian President, Vladimir Putin, played an active part in bringing about the OPEC deal to cut oil production. Earlier, Reuters reported that Putin helped OPEC rivals Iran and Saudi Arabia set aside differences. Citing its sources, the news agency reported

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Labore nonumes te vel, vis id errem tantas tempor. Solet quidam salutatus at quo. Tantas comprehensam te sea, usu sanctus similique ei.

OPEC

Nigeria lucky again as OPEC extends oil output cut by 9 months

Saudi Arabia vows to 'do whatever it takes' to balance oil market

Iran ranks as No.2 oil supplier to South Korea 1st time for a quarter

Iran adheres to its commitments to OPEC: oil minister.

Taiwan increases KBT crude imports from Iraqi Kurdistan after OPEC cuts

Decision on extension of global oil output cut deal postponed to May

Libya's oil production rebounds back to level before clashes.

Cooperation between OPEC and non-OPEC countries to stabilize and raise oil prices

American oil companies recorded an increase of production

President Putin played an active role in the OPEC deal to cut oil production

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