Monday 18 June 2018
 
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Opec

Opec members to decide on raising oil production

Members of the Organisation of the Petroleum Exporting Countries (Opec) will meet in Vienna this week to decide on whether to end its production freeze, a market expert has revealed. The group may be considering lifting the cap al

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Oil down as Opec's bearish spin raises supply worries

The crude oil prices closed lower on Friday with futures falling 0.3 per cent in New York as traders weighed conflicting supply signals from Saudi Arabia, Russia and Venezuela, said a report.   Oil ministers from

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Oil under pressure as Saudi, Russia may up output

Brent crude oil prices have come down in recent days from the highs of $80 per barrel (/bbl) posted on May 17 on news that Russia and Saudi Arabia may be looking to up production, said the Bank of America Merrill Lynch (BofAML) in a new report.

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Opec, allies likely to ease output as oil hits $80

Organisation of Petroleum Exporting Countries (Opec) and its allies are likely to gradually revive oil output in the second half of the year to ease consumer anxiety as prices trade near $80 a barrel, said Saudi Energy Minister Khalid Al Falih

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Saudi Arabia equity market set for strong rally

The Saudi equity market is gaining momentum as it heads for possible inclusion in MSCI’s influential emerging market index in 2018, following the FTSE upgrade as an emerging market last month, said an industry expert. &ldquo

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Trump’s Iran deal pullout could hit more than just oil

US President Donald Trump’s decision to pull out of the Iranian nuclear deal could have much larger widespread implications than only an increase in the oil price, said a leading London-based market analyst. His decision wou

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Opec, non-Opec conformity level hits 149pc in March

Organization of Petroleum Exporting Countries (Opec) and participating non-Opec countries have achieved a conformity level of 149 per cent in March with their voluntary production adjustments, the highest level so far, said a joint ministerial

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Opec ‘Mission Accomplished’ as oil glut vanishes, says IEA

The Organization of Petroleum Exporting Countries (Opec) is on the verge of “mission accomplished” in its quest to clear the global oil glut that caused the worst industry downturn in a generation, reported Bloomberg, citi

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Opec, IWA in deal to boost Africa utility projects

Opec Fund for International Development (OFID) has signed an agreement with International Water Association (IWA) for the implementation of climate resilient water safety planning utility projects in several major African countries.

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Opec, IWA in deal to boost Africa utility projects

Opec Fund for International Development (OFID) has signed an agreement with International Water Association (IWA) for the implementation of climate resilient water safety planning utility projects in several major African countries.

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