OPEC+ Succeeds, What’s Next For Oil?

OPEC+ managed to pull off an eleventh-hour agreement, checking all the boxes after a contentious set of meetings. There were a lot of competing interests at play, but the agreement offers a little bit of everything, enough for all parties to …

Oil demand to grow in 2019, expert says

Oil demand will grow next year, but at a slower rate than in 2018 due to higher oil prices in late 2018 and slowing economic growth, Trend reported citing Robin Mills, the CEO of Qamar Energy in Dubai. He said that some rebounds from …

Russia agree to cut 200,000 bpd

Russia is ready to cut oil output by 200,000 barrels per day. Russia is ready to cut oil output by 200,000 bpd if OPEC offers to cut more than 1 million bpd, Reuters reported. On December 6, OPEC ministers discussed the oil …

Putin and Novak discuss OPEC talks in Vienna

Russian President Vladimir Putin and the country's Energy Minister Alexander Novak held discussions prior to a meeting with the Organization of the Petroleum Exporting Countries in Vienna, a Kremlin …