UAE Energy Minister and former OPEC President Suhail Al Mazroui said that Qatar does not have enough capacity to risk the oil market
opec countries
crude oil price
Oil extends gain on OPEC’s output pact
Brent futures rose as much as 1.1 percent after jumping 2.7 percent on Friday as nations including Saudi and Russia committed to removing 1.2 million barrels a day of output,
Jamal Khashoggi
OPEC meets as Trump calls for oil taps to be kept on
Oil ministers from 20 or so countries busily criss-crossed the Austrian capital on Wednesday for preparatory negotiations ahead of the two-day meet at the headquarters of the Organization of Petroleum Exporting Countries
Bakheet al-Rasheedi
OPEC deal in balance as Saudi Arabia, Russia gather for talks
UAE Energy Minister Suhail Al Mazrouei told reporters in Vienna Tuesday that he’s optimistic all countries will join in the OPEC+ agreement
Fitch Solutions
Qatar withdrawal impact on OPEC to be minimal, experts say
Analysts have said the move from Qatar is largely symbolic, as the country has limited prospects for production increases
G20 summit 2018
Oil jumps most since June on Saudi-Russian pact, trade war truce
Crude is rebounding from the worst monthly drop in a decade on growing optimism the world’s top oil exporters will tackle the risk of a glut
Abu Dhabi
Abu Dhabi signals global ambition with 2 million-barrel oil hike
Adnoc’s appetite for global growth extends to liquefied natural gas, with a plan to increase export capacity once Abu Dhabi becomes self-sufficient in the fuel
GCC economic growth
IMF says Gulf economy recovering but faces oil volatility
IMF said overall energy price recovery would spur GCC economies to grow by 2.4 percent in 2018 and 3.0 percent in 2019
High oil prices
Oil continues downward trend as Trump blasts Saudi plan to cut production
Saudi Energy Minister Khalid Al-Falih said producers need to cut about 1 million barrels a day from October production levels
Abu Dhabi
OPEC+ weighs output cut as threat of new surplus sinks prices
A technical committee representing the OPEC+ coalition projected that a global oil surplus will resurface in 2019 if they continue pumping at current rates
Abu Dhabi
Major oil producers meet in Abu Dhabi to consider cuts after price slide
Oil prices shed a fifth of their value in just one month after surging to a four-year high in early October
crude oil price
Saudis raise Asia crude pricing as US puts curbs on Iran
The higher Asia pricing for Medium and Heavy crudes suggests that Saudi Aramco expects the market for those grades to tighten
crude oil price
Saudi readies to boost supplies over Iran oil sanctions
Saudi Arabia is the only producer with significant spare capacity of around two million bpd that can be tapped into to compensate for the loss of Iranian supplies
GCC economic growth
IMF lifts Saudi economic growth forecast for 2018, 2019
International Monetary Fund says Saudi economy, which contracted by 0.9% last year, is expected to grow by 2.2% in 2018 and 2.4% next year
clean energy
Video: How to fuel the future
America, under President Donald Trump, is securing its “energy independence” with oil and gas. But unlike fossil fuels, renewables will not increase global warming – and China is moving fast.
Crown Prince Mohammed bin Salman
Oil drops on Saudi assurance and hopes for US waivers on Iran
Saudi Arabia can tap its spare production capacity immediately to offset any declines in Iranian crude exports, the kingdom’s crown prince said in an interview
Crown Prince Mohammed bin Salman
Saudi prince sees deal with Kuwait to restart oil fields ‘soon’
The fields of Khafji and Wafra are located in Neutral Zone, a portion of the two countries’ border that has been undefined for almost a century