Tag Archive

Russia agrees oil output cut

Russia agrees oil output cut

December 3, 2018 No Comments

President Vladimir Putin said that Russia and Saudi Arabia had agreed to renew a pact on oil production cuts, as crude prices slump on global markets. Following talks at a G20 summit with Saudi Crown Prince Mohammed bin Salman, Putin reportedly stated, on Saturday the world’s two biggest exporters of crude “have agreed to extend […]

Support OPEC efforts to Restore Stability to the Oil Markets with Continued Production Cuts

Support OPEC efforts to Restore Stability to the Oil Markets with Continued Production Cuts

November 30, 2018 No Comments

The African Energy Chamber urges the Organization of the Petroleum Exporting Countries and other key global oil producers, including Russia, to continue with the historic production cuts at the December 6, 2018 OPEC meeting to stabilize the oil price. Oil prices have dropped by about 20 percent in November, and the month is likely to […]

OPEC  $59.29 a barrel

OPEC $59.29 a barrel

November 27, 2018 No Comments

OPEC daily basket price stood at $59.29 a barrel Monday, 26 November 2018 The plunge of the price of crude oil that has lost over 30% since the beginning of October, most likely is about to stop, experts polled by TASS assume. The upcoming meeting of OPEC+ nations in Vienna in early December will determine […]

Can We Expect A Major Rebound In Oil Prices?

Can We Expect A Major Rebound In Oil Prices?

November 20, 2018 No Comments

After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the […]

Oil Price Manipulation must stop!!

Oil Price Manipulation must stop!!

November 13, 2018 No Comments

The headlines across the world today read….’Oil prices rise as Saudi Arabia signals production cut’, ”Oil price rises as Saudi Arabia pledges supply cut” , ” Saudi Arabia is reducing oil supply and OPEC may cut too” ”Saudi Arabia’s Call for an Output Cut Pushes Oil Prices Higher” They want to reduce oil supply by […]

JMMC meeting in Abu Dhabi focuses on supply and demand outlook for 2019

JMMC meeting in Abu Dhabi focuses on supply and demand outlook for 2019

November 13, 2018 No Comments

The OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC) convened in Abu Dhabi, United Arab Emirates, for its eleventh meeting on 11 November 2018. The Committee reviewed the monthly report prepared by its Joint Technical Committee (JTC) and the short-term developments in the global oil market, including prospects, as well as scenario analysis for 2019. The JMMC […]

Tags:
Energy minister says no need for country to join OPEC

Energy minister says no need for country to join OPEC

October 9, 2018 No Comments

Russia’s Energy Minister Alexander Novak considers it unreasonable for the country to join OPEC. “I do not think it is necessary and reasonable,” he said in an interview aired by the Rossiya-24 TV news channel on Tuesday when asked about Russia’s possible joining the oil cartel. “Fundamentally, the instruments being used today when we reach […]

Tags: , ,
OPEC congratulates President Vladimir Putin on his birthday

OPEC congratulates President Vladimir Putin on his birthday

October 8, 2018 No Comments

OPEC Secretary General, HE Mohammad Sanusi Barkindo, extended birthday congratulations to the Russian President, HE Vladimir Putin. He thanked the President for his pivotal contribution to the ‘Declaration of Cooperation’ process and looked forward to further cooperation in the future. HE Barkindo wished the President long life, good health and many more years of service […]

Tags:
JMMC meets in Algiers to monitor developments in the oil market

JMMC meets in Algiers to monitor developments in the oil market

September 24, 2018 No Comments

The Joint OPEC-non-OPEC Ministerial Monitoring Committee (JMMC) convened in Algiers, Algeria for its tenth meeting, on 23 September 2018. The Committee reviewed the monthly report prepared by its Joint Technical Committee (JTC) and the short-term developments in the global oil market, including prospects for 2019. The meeting coincided with the commemoration of the 2nd Anniversary […]

Tags:
OPEC’s World Oil Outlook to be launched in Algiers

OPEC’s World Oil Outlook to be launched in Algiers

September 6, 2018 No Comments

The 2018 OPEC World Oil Outlook (WOO) will be presented at a press conference to be held at the El Aurassi Hotel in Algiers, Algeria, on Sunday, 23 September 2018 at 3:15 pm (Algiers time). The launch will coincide with the 10th Meeting of the Joint Ministerial Monitoring Committee (JMMC) in Algiers, and form part […]

Page 1 of 2312345»1020...Last »