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OPEC, allies agree to deepen oil output cuts


OPEC and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to prevent oversupply

Saudis Offer Carrot and Stick to Get OPEC to Defend Oil Prices


Saudi Arabia, the dominant force in OPEC, is using both carrot and stick to talk other members of the oil

Bad News for Gas Sellers as Slowdown In China Set to Worsen


A slowdown in gas demand growth in China, the driver of global use over the past two years, is expected

Non-OPEC Production Is Growing At Record Speed


Oil production from non-OPEC countries is expected to grow at record speed in 2020, creating a headache for the Organization of the Petroleum Exporting Countries (OPEC), which is scheduled to meet this week in Vienna to discuss extending oil production

The OPEC Dilemma: Is Oil Market Weakness Short-Term Or Long?


As OPEC and its allies meet this week in Vienna, some pundits anticipate they will seek to reassure nervous markets

Oman planning to list 20-25 per cent of state oil company


Oman is planning to list “20 to 25 per cent” of state-backed Oman Oil Company next year, the Sultanate’s oil

Saudi Aramco prices shares at top of range in world’s biggest IPO – sources


State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, three

Russian energy minister wants to continue cooperation with Saudi


Russian Energy Minister Alexander Novak told his Saudi counter part on Thursday that their two countries should continue cooperating, Russia’s

Security issues remain major challenge for African energy industry: report


Security issues remain a major challenge for African energy industry, necessitating the urgency for African governments and oil companies to

UK GAS-Warming temperatures push British gas prices lower


Prompt British wholesale gas prices fell on Thursday as rising temperatures reduced demand, leaving the UK system oversupplied.

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