Saudi Arabia, Russia and other large oil producers are racing to negotiate a deal to stem the historic price crash as diplomats said some progress was made on Sunday.
News ID: 9082 Publish Date : 2020/04/07
OPEC countries, which are meeting next week to discuss their level of oil output, should make the right decision for the global economy, which remains “very fragile”, the head of the International Energy Agency told Reuters on Tuesday.
News ID: 7578 Publish Date : 2019/11/26
OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including US shale producers slows, pointing to a tighter market if the exporter group refrains from raising output.
News ID: 4559 Publish Date : 2019/05/17
After Texas pushed the United States over the last decade to become the world’s biggest oil producer last year, the heart of the shale revolution is starting to show fatigue.
News ID: 4250 Publish Date : 2019/04/08
US shale producers cheered OPEC’s decision to trim output, a move that sent crude prices higher on Friday, closing at levels that oil executives said would keep their profits flowing.
News ID: 2861 Publish Date : 2018/12/09
OPEC has upgraded its world oil demand forecast to 1.27 million barrels per day, an upwards revision of 10,000 barrels per day.
News ID: 1085 Publish Date : 2017/04/13
Oil prices fell on Wednesday on expectations that US producers would boost output.
News ID: 884 Publish Date : 2017/01/20
Oil-price gains will trigger a “significant” increase in US shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency.
News ID: 881 Publish Date : 2017/01/20