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No urgent need for Opec deal adjustment, says Saudi ministerThere is no evidence the global oil producers' pact needs to be adjusted now, said a Reuters report citing the Saudi energy Minister Khalid Al Falih who is on a visit to Kazakhstan. Al Falih described the recent weakn More… |
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Oil prices slip as hopes for a deal in Algiers fadeCrude futures fell further on Tuesday as optimism faded for an output-limiting deal during an oil producer meeting in Algeria that so far has failed to yield any agreement to curb one of the worst supply gluts in history. Saudi Ar More… |
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Iran downplays chances of oil dealIran downplayed on Monday the chances of Opec and non-Opec oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group hoped for steps to tackle a price-eroding glut of crude. More… |
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Kurds ready for new oil deal with BaghdadIraq's Kurds said they are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports if it guarantees them monthly revenue of $1 billion, more than double what they make currently from selling oil. More… |
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A new global oil deal could draw lessons from 1998After a year of secret diplomacy and hushed-up private talks around the world, Opec's mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-Opec Mexico which overcame mutual acrimony and led to a much-needed rise in oil More… |
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Speculation over Saudi-India oil deal as talks drag onSaudi Aramco and India's Reliance Industries have not yet concluded a term contract to import diesel and gasoline, three industry sources said, fanning market speculation that the long-standing annual deal may not be renewed. More… |
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Iraq, Kurdish officials make progress on oil dealBaghdad and Kurdish regional authorities are making progress to rescue a deal over crude oil exports, Iraq's oil minister said on Sunday, after it nearly unravelled due to Kurdish threats to halt shipments in protest over lack of payment. More… |
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Iraq, Kurds close to deal on oil exports, revenueIraq and northern Kurdistan appear to have found a formula that will allow the autonomous region to export oil to Turkey in a new pipeline, a step towards resolving a long-running dispute over land and oil rights. Turkish Energy M More… |
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Iraq province empowers governor to sign oil dealsThe local authority in an Iraqi province handed its governor power to sign deals with foreign oil firms independently of the central government, which rejected the move as unconstitutional. &n More… |
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Iran woos Indian firms with sweeter oil dealsIran has offered new, more alluring terms to reluctant Indian companies to win the investment it craves for its decaying energy sector suffering from tight Western sanctions. More… |
