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Iraqi Oil Minister Expects Prices to Rise Over Time
Iraq >> 12/10/2018 - Iraqi Oil Minister Thamer Ghadhban said he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not cut production, prices would have dropped to $45-50 per...
Saudi & Russia Leave World Guessing After OPEC Meeting
Russia >> 12/6/2018 - OPEC has tentatively agreed on oil output reduction but is reportedly waiting for Russia to declare its commitment before deciding the exact volumes for a cut aimed at propping up crude prices. ...
OPEC Players Frustrated with Saudis, Russia
Iran >> 12/5/2018 - Iran says Qatar’s decision to quit the Organization of the Petroleum Exporting Countries (OPEC) shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel that deter...
Will OPEC Reduce Production in December Meeting?
Will OPEC Reduce Production in December Meeting? Austria >> 12/4/2018 - Oil prices fell to their lowest level during a volatile session by signs of oversupply amid bleak economic prospects. The drop came despite market expectations that the Organization of the Petroleum E...
Qatar to Withdraw from OPEC in January 2019
Qatar to Withdraw from OPEC in January 2019 Qatar >> 12/3/2018 - The OPEC Secretary General, His Excellency Mohammad Sanusi Barkindo, has today received a letter from the State of Qatar giving notice of its intention to withdraw from its Membership of OPEC, pursuan...
OPEC Agrees to Cut Output by 1.2m Barrels a Day
Austria >> 12/1/2018 - OPEC and its oil-producing allies reached an agreement to cut production by 1.2m barrels a day. The deal was hammered out at the OPEC Secretariat in Vienna. The 1.2m b/d cut will be split 800,000 b/d ...
Kuwait Renews Gas Oil Supply Contract with Lebanon
Kuwait >> 11/29/2018 - Kuwait Petroleum Corporation has renewed its contract with Lebanon’s energy ministry to supply Lebanon’s state electricity company with gas oil for a year at international market prices, Kuwait News A...
Rosneft & ChemChina Sign an Oil Supply Contract
Russia >> 11/29/2018 - Rosneft and China National Chemical Corporation (ChemChina) signed an oil supply contract during the first Russian-Chinese Energy Business Forum. The contract provides for supplies of ESPO crude in th...
PetroChina Agrees 2019 Annual Crude Supply Deals with Saudi Aramco, Kuwait
Saudi Arabia >> 11/7/2018 - Chinese oil major PetroChina inked 2019 annual crude supply deals with state-owned producers Saudi Aramco and Kuwait Petroleum Corp on Wednesday at a public signing ceremony during the China Internati...
Iran Sets up Selling Oil via its Energy Bourse
Iran >> 10/29/2018 - Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge the impacts of returning sanctions. Buyers were a...
ADNOC to Fill up Mangalore Oil Reserves in November 2018
United Arab Emirates >> 10/26/2018 - The Abu Dhabi National Oil Company (ADNOC) is expected to fill up storage tanks that it has contracted from the Indian government in the first week of November, senior Indian oil officials said. ...
Iraq to Halt Kirkuk Oil Exports to Iran, May Resume them to Turkey
Iraq >> 10/26/2018 - Iraq will stop trucking crude from its northern Kirkuk oilfield to Iran in November to comply with sanctions imposed on its neighbor by the United States, five sources familiar with Iraqi oil export o...
Algeria's Oil & Gas Export Volumes Down in First Half
Algeria >> 10/10/2018 - OPEC member Algeria’s first-half oil and gas export volumes dropped 3.6 percent from the previous six months, continuing a downward trend that started in 2017, the central bank said. ...
Oil Prices Hit Fresh 4-Year High Above $82
Oil Prices Hit Fresh 4-Year High Above $82 Austria >> 9/30/2018 - The rise in crude oil prices above $82 a barrel has led to more predictions of $100 a barrel around the end of the year. A supply crunch is to blame, just as winter is coming – the US has reimposed sa...
Iran will Veto any OPEC Decision Jeopardizing Its Interests
Iran >> 9/23/2018 - Iranian minister of petroleum has warned fellow OPEC members against any effort to appease the US, saying Tehran will veto any decision by the Organization of Petroleum Exporting Countries that harms ...
Oil Nears $80 per Barrel by Decrease Iranian Production
Oil Nears $80 per Barrel by Decrease Iranian Production Austria >> 9/5/2018 - The price of OPEC basket of fifteen crudes stood at $76.32 a barrel on Tuesday, compared with $75.77 the previous day, according to OPEC Secretariat calculations. ...
Sakhalin Energy Offloaded the 600th Standard Oil Cargo Since the Beginning of Year-Round Production
Russia >> 8/14/2018 - Sakhalin Energy offloaded the 600th standard oil cargo since the beginning of year-round production 10 years ago in December 2008 Sakhalin Blend cargo was dispatched to China's Sinochem – a long-term ...
Signature of Memorandum of Understanding Between Niger and Nigeria
Niger >> 7/24/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to note the signature earlier of a Memorandum of Understandin...
OPEC Producers Key to World Supply through to 2040
Austria >> 7/16/2018 - Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in th...
Saudi Aramco to Supply Egyptian Refineries for Another Six Months
Saudi Arabia >> 6/19/2018 - Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt’s Petroleum Minister Tarek El Molla said. ...

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