Nigeria backs Saudi Arabia’s call to address the disconnect between paper and physical oil markets, Nigerian Minister of State for Petroleum Resources Timipre Sylva said Aug. 26. “A stable oil market benefits all — consumers, […]
Oil prices rebounded off session lows to trade flat. Rumors of a pending Iran deal which would return presently sanctioned Iranian supplies to the market drove prices down. But then a warning from Saudi Arabia […]
In what in retrospect appears a massive blunder, Saudi billionaire Prince Alwaleed Bin Talal’s investment firm, Kingdom Holding Co., invested over $500 million in Russian firms in the days leading up to Russia’s invasion of […]
OPEC and non-OPEC partners, a group sometimes referred to as OPEC+, concluded a meeting via videoconference by deciding to stay the course with its production policy. It means the Middle East-dominated group will increase monthly […]
Saudi developer, investor, and operator of power generation, desalinated water, and green hydrogen plants ACWA Power has signed a project agreement to develop a 1.1GW wind project in Egypt with an investment value of $1.5 […]
HIGHLIGHTS Current OPEC+ supply agreement ends in September Quotas will need renegotiating, with credibility at stake Ministers to meet June 2 to set July production targets Come September, OPEC’s oil market management pact with Russia […]
Saudi Arabia, the world’s largest oil exporter, could raise its official selling prices for Asia for April to the highest differentials to benchmarks on record, as buyers scramble to secure additional crude from the Middle […]
By Ellen R. Wald, a non-resident senior fellow at the Atlantic Council’s Global Energy Center and president of Transversal Consulting, and Jonathan H. Ferziger, a Jerusalem-based nonresident senior fellow at the Atlantic Council and a former Middle […]
New Delhi: It is safe to say that the oil markets are on the way to recovery, despite still-widespread Covid-19 infections, notably in India, Europe and the US, after suffering what has been its worst year ever. […]
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