May 25, 2017 11:02 am UTC| Commentary
According to a report from the Reuters, ministers at the OPEC meeting have agreed to maintain the production cuts for another 9 months as suggested by Saudi Arabia, Iraq, and Russia well before the meeting. The Reuters...
May 25, 2017 07:47 am UTC| Commentary
With OPEC members meeting in Vienna headquarter today, rumors are flying all around. One of them suggests that Nigeria which was granted an exemption from the OPEC deal last November could be asked to participate in the...
Oil in Global Economy Series: Iran still in doubt over term of OPEC deal
May 25, 2017 07:03 am UTC| Commentary
OPEC leaders are meeting today in their Vienna headquarter in Austria to decide the fate of the current production cut agreement that was reached among OPEC members and participating non-OPEC members last November with an...
Oil in Global Economy Series: Kuwait keeps deeper cuts on table for OPEC meeting
May 24, 2017 11:50 am UTC| Commentary
With just a day to go to the much anticipated OPEC meeting, comments are flying all over the place and this time around its the oil minister of Kuwait. In an exclusive interview with Kuwaits news agency, the Kuwaiti oil...
Oil in Global Economy Series: Timeline for OPEC and N-OPEC meetings
May 24, 2017 11:01 am UTC| Commentary
OPEC ministers are set to meet in their headquarter in Vienna, Austria tomorrow but its not just the OPEC meeting; there are two different sets of meetings scheduled tomorrow; one among OPEC members and the other between...
May 24, 2017 07:38 am UTC| Commentary
With just a day to go to the much anticipated OPEC meeting, the oil market is quite upbeat. WTI is currently trading at $51.6 per barrels and Brent at $2.8 per barrel premium. Tomorrow OPEC ministers are set to meet at...
How the Aramco IPO will make history and transform Saudi Arabia's economy
May 24, 2017 06:48 am UTC| Insights & Views Economy
The US and Saudi Arabia have signed hundreds of billions of dollars worth of business deals following Donald Trumps trip to the oil-rich state. The biggest deal was for nearly US$110 billion worth of weapons (extending to...
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