All publications by tag «OPEC»
Discord at OPEC is turning into a price war, loosening the cartel’s grip on the oil market and exacerbating a recent steep selloff.
Iran’s oil minister called on Opec nations to work together to prevent a further slide in crude prices,
"The lifting of sanctions on Iran would be a game changer for world gas market," said Dr Seyed Mohammad Hossein Adeli, secretary general of the Gas Exproting Countries Forum, Zawya news website has reported.
Petronas, Malaysia’s state-owned oil and gas group, is threatening to pull the plug on a $10bn liquefied natural gas project in Canada, saying new taxes and rising competition from a slew of US shale gas projects threaten its viability.
The United Arab Emirates is in no hurry to see OPEC cut its oil output target this year despite the sharp drop of global crude prices in the last few months, senior UAE energy officials indicated on Tuesday.
$100/barrel level since September 5, falling to $94.13/barrel this afternoon, the lowest level in more than two years. Prices have declined almost $21 (18%) from the 2014 daily peak of $115/barrel on June 19
OPEC Output-Target Cut Not Agreed Yet, U.A.E. Oil Minister Says
Third High-Level Meeting of the OPEC-Russia Energy Dialogue
Despite decline in some regions, world oil consumption still seen rising
Sinopec sells $17.4bn retail unit stake