Commentary 5 June 12:41
The extension of the oil output cut deal will have positive effect on oil prices in the near term, but in the long term it will face challenges, Alan Gelder, Vice President Refining, Chemicals & Oil Markets, EMEARC (Europe, Middle East, Africa, Russia and Caspian) Research at Wood Mackenzie told Trend
Oil&Gas 1 June 13:49
Risks remain that oil prices could again fall below $40, with an equilibrium price seen between $40 and $50 over the next five to seven years, Deputy Finance Minister Vladimir Kolychev told Bloomberg in an interview.
Commentary 30 May 18:00
The extension of the oil cut deal, at best, will establish the current situation as the new normal continuing well into 2018 and even 2019, but it will be harder for OPEC members to comply with its terms, Dr. Micha’el Tanchum, a fellow at the Energy Policy Research Center at Bilkent University, Ankara, Turkey, believes.
Oil&Gas 30 May 15:13
Oil&Gas 26 May 11:11
Oil&Gas 25 May 21:13
Extension of the agreement to cut oil production meets the interests of Azerbaijan
Business 25 May 12:03
Iran’s oil minister has said that the extension of OPEC, non-OPEC oil deal wouldn’t down Iran’s current oil production level, the country’s Oil Ministry’s official website reported May 25
Business 20 April 10:55
Iran was allowed in November 2016 to increase its oil output by 90,000 barrels per day (b/d) in 1H2017 to 3.797 mb/d, based on OPEC’s oil cut deal.
Business 19 April 17:16
Oil&Gas 19 April 11:16
Kazakhstan will significantly reduce the oil production in May-June in order to meet its commitment within the deal on oil production cut with OPEC