oil supply
Saudi Arabia calls for extending non-OPEC cooperation
Middle East
January 21, 2018
Saudi Arabia calls for extending non-OPEC cooperation
Saudi Arabia’s Energy Minister Khaled al-Faleh on Sunday called for extending cooperation between OPEC and non-OPEC oil producers beyond 2018…
OPEC sees tighter 2018 oil market as demand grows, supply falls
Economy
November 13, 2017
OPEC sees tighter 2018 oil market as demand grows, supply falls
OPEC on Monday forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was…
US plan to sell oil reserves undermines OPEC supply management efforts
Business
May 23, 2017
US plan to sell oil reserves undermines OPEC supply management efforts
US President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets on Tuesday…
Saudi Arabia’s Falih says OPEC should not crimp supply too tightly
Business
October 10, 2016
Saudi Arabia’s Falih says OPEC should not crimp supply too tightly
Saudi Arabia's Energy Minister Khalid al-Falih said on Monday that OPEC should not crimp oil supply too tightly and said…
Global oil surplus to persist into first half of 2017: IEA
Business
September 13, 2016
Global oil surplus to persist into first half of 2017: IEA
A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will…
No balance: oil markets still oversupplied, now growth is stuttering
Business
July 13, 2016
No balance: oil markets still oversupplied, now growth is stuttering
Oil industry hopes that markets are about return to balance, ending a global glut that pulled down prices by over…
Global oil market to reach supply-demand balance by end of 2016: BP
Business
June 16, 2016
Global oil market to reach supply-demand balance by end of 2016: BP
The global oil market will reach the balance of supply and demand by the end of the year, BP head…