Iraq and Kazakhstan slash oil production levels in line with OPEC deal
Jan 10, 2017 16:38 pm UTC| Commentary
Iraqs Oil Minister Jabar Ali al-Luaibi announces oil output cut of 160K bpd under OPEC production cut deal. Luaibi said that Iraq hopes to cut its output by 210kbpd by end of month, Bloomberg reported. Luaibi had...
Global transport prices set to increase following oil production cuts?
Jan 10, 2017 13:09 pm UTC| Business
After months of fits and starts, the member states of OPEC finally came to an agreement on November 30 to cut production in 2017 by more than 1 million barrels per day. According to Craig Erlam of Oanda, non-OPEC...
FxWirePro: Oil shows signs of larger correction below $50 per barrel
Jan 10, 2017 08:38 am UTC| Commentary
Despite the OPEC and N-OPEC deals last year, the oil price is struggling to sustain the rally triggered by them as the market remains concerned of both the compliance to the deal as well as increased supply from non-OPEC...
Kuwait considers larger oil output cut than required by OPEC deal
Jan 06, 2017 14:32 pm UTC| Commentary
Kuwait is considering making larger oil output cut than required by the OPEC deal, Livesquawk reports latest headlines surrounding oil markets. Kuwait has cut output by 130,000 barrels a day to about 2.75 million a day,...
Iraq initiates measures to cut crude oil output
Jan 05, 2017 15:07 pm UTC| Commentary
Iraq, OPECs second biggest producer has begun output cut measures in line with the OPEC decision reached last month. Iraqs oil minister Jabar Ali al-Luaibi confirmed on Thursday that Iraq has begun implementing measures to...
How to burn more oil and gas but slash emissions? Offshore power stations
Jan 05, 2017 13:23 pm UTC| Insights & Views
While the energy in fossil fuels is valuable for society, burning them has well documented environmental consequences global warming, smog and the effects of nitrous and sulphur oxides. Many think the time has come to...
Crude Oil Prices Soar as Kuwait Kick-Starts OPEC Production Cuts
Jan 03, 2017 15:35 pm UTC| Commentary
OPEC member Kuwait has cut output by 130,000 barrels a day to about 2.75 million a day, Al-Anba newspaper reported, citing Kuwait Oil Co. Chief Executive Officer Jamal Jaafer. The Organization of Petroleum Exporting...
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