Russia and OPEC may decide to boost production to fight for market share with the United States but this would push oil prices as low as $40 per barrel, TASS news agency сited Russia’s Finance Minister Anton Siluanov as saying on Saturday.
Political turmoil in Sudan has not affected oil flow from neighboring South Sudan, the latter’s oil minister said on Saturday.
Omani Energy Minister Mohammed bin Hamad al-Rumhy said he expected global oil prices to stay in a range between $65 and $75 a barrel until the end of the year, the state-run Oman News Agency (ONA) reported.
Omani Energy Minister Mohammed bin Hamad al-Rumhy said he expected global oil prices to stay in a range between $65 and $75 a barrel until the end of the year, the state-run Oman News Agency (ONA) reported.
The United Arab Emirates (UAE) will continue to deliver on crude oil supply cuts under a producer agreement until the global market is re-balanced, Minister of Energy and Industry Suhail al-Mazrouei said on Sunday.
Saudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy global demand for oil this year but that it would be too early to change OPEC+ output policy at the group’s next meeting in April.
Iran has said it had many options to neutralise the reimposition of U.S. sanctions on its oil exports, the semi-official Tasnim news agency reported, adding that Tehran’s regional influence could not be curbed as demanded by Washington.
ArcelorMittal SA, the world’s biggest steelmaker, has bid 48 billion rupees ($673 million) to acquire Essar’s 1200 megawatt power plant in central India, one of the most prized assets in the debt-ridden group’s power portfolio.
ABU DHABI – United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday he expects an average oil price of $70 a barrel in 2019 on the back of an agreement to cut output by OPEC and non-OPEC oil exporters.
Cold weather blanketing much of the United States and Canada this week boosted spot natural gas prices on Friday to their highest levels since last winter in several regions and helped push U.S. futures to a near two-year high.
