Soaring oil demand is tightening the market
OPEC will try to keep the cuts in place through the end of this year
Venezuela
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Middle East oil producers benefit from Venezuela's economic woes
Venezuela's declining oil production opens door for Middle East countries to ramp up output
Oil prices stable on healthy demand
but oversupply looms later in 2018
IEA: oil market could be tipped into deficit
Venezuela is likely to remain the biggest risk factor among leading oil producers for some time to come, according to the latest report from the International Energy Agency (IEA). "Within the OPEC countries, the biggest risk factor …
Is Oil Price Volatility A Thing Of The Past?
Trying to get the U.S. producers to coordinate with other nations would make herding cats look easy
Surprising outcomes of higher oil prices
Oil has doubled in price in two years
Deputy Defense Minister of Azerbaijan meets with Vladimir Putin
Russian President Vladimir Putin met with the heads and deputy defense ministers of Azerbaijan, Armenia, Venezuela, Kazakhstan, Qatar, Mongolia, Serbia, Uzbekistan, Belarus and Kyrgyzstan, invited to a solemn evening on the …
Africa to join OPEC-led oil cut
An extra 10 to 12 oil-producing countries have been invited to join an OPEC-led output cut aimed at getting rid of a supply glut, Venezuela’s oil minister Eulogio del Pino said. Eulogio del Pino, …
Why the U.S. exports oil
Light, sweet crudes coming out of the U.S. shale plays are often a better fit for certain foreign refineries
Oil market to expect possible surprises
Lower crude production from Venezuela would support the oil market, which has been oversupplied for years
Oil: July set to log biggest monthly gain of the year,
Crude oil swings between gains and losses after a solid rally
Oil prices are entering a bearish trend despite supply deal
Oil prices have entered a bearish trend despite short-term bounces, supply cuts and improved demand estimates
India's 2016 Iran oil imports hit record high - trade
In most of 2016 there was a fight among Gulf producers to increase their market share
Iraq begins cutting oil output in keeping with OPEC deal
Iraq has begun implementing measures to reduce national oil output in keeping with an OPEC decision, the Iraqi oil minister Jabar Ali al-Luaibi said. "Iraq affirms its commitment to the OPEC decision which was …
Monitoring the Oil Market After OPEC Agreement
Indicators of the actual market balance
Maduro and Rouhani plans to hold oil summit in early 2017
Venezuelan President Nicolas Maduro said he had agreed with Iranian President Hassan Rouhani to call for a summit of heads of state from OPEC and non-OPEC countries in the first quarter of next year to …
OPEC and Russia agree for 6 months
OPEC and Russia have agreed a mutually accepted formula of oil production cap for half a year, Venezuela’s Oil Minister Eulogio del Pino said. He also pointed out that Venezuela expects the signing of documents on …
Putin and Maduro discuss situation on oil market
Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro discussed in phone talks the situation on the global oil market as well as issues of bilateral strategic cooperation, the Kremlin …
How Iran, Russia Could Derail Oil-Production Deal
OPEC members engage in a last-minute blitz of diplomacy ahead of a meeting today
What oil price OPEC and Russia need?
In order to balance their budgets, largest oil-producing countries in the world require different price of "black gold". According to Bloomberg, this leads to disagreements over the need to reduce oil production level. …