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OPEC+ explores a three to six month delay on oil output hikes

(Bloomberg) --Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three to six months, according to several delegates. Saudi Arabia and Russia... President-Elect Joe Biden reactivates an accord on the country’s nuclear program. Deal Tweaks Saudi Arabian.... Saudi Arabia’s Prince Abdulaziz has warned repeatedly that it would be unwise for short sellers to bet...

UAE builds tension within OPEC over oil production caps

-- the biggest producer in OPEC after Saudi Arabia and Iraq -- has long avoided public clashes... to force a negotiation over output levels with OPEC+’s leaders Saudi Arabia and Russia... that of Saudi Arabia. He said everyone must first be convinced of the need to delay the production...

Canadian offshore industry in crisis mode

Senior Canadian officials are working in conjunction with the Newfoundland and Labrador Oil and Gas Industries Association (Noia) to petition for immediate assistance to help the region recover from the unprecedented reduction in demand caused by COVID-19 and the catastrophic drop in crude benchmarks. This was exacerbated by an all-out price war between Russia and Saudi Arabia, which flooded...

Advanced data techniques streamline access to digital information

the world (Canada, China, Germany, India, Philippines, Saudi Arabia, South Korea, Taiwan, United... virtual advisor searched through the forum content and crafted the relevant and accurate answers...

Chevron to explore Iraq’s Nasiriyah province under new MOU

between Saudi Arabia and Kuwait. The MOU was earlier reported by Dow Jones, which said it could...

Iraq asks BP to throttle flow in order to meet OPEC+ quota

at least the the end of July to prop up prices. Iraq provoked the ire of Saudi Arabia and Russia by missing...

Nigeria commits to new OPEC+ targets after earlier non-compliance

, it ended up pumping more than 200,000 barrels a day above that target. Saudi Arabia and Russia, the de...

OPEC+ extends production cuts through July on deal with Iraq

on the deal. After almost a week of wrangling, OPEC+ leaders Russia and Saudi Arabia clinched..., of oversupply, Russia and Saudi Arabia had little to lose and much to gain by imposing concrete.... Enforcing better compliance among OPEC+ nations has been a motif since Saudi Energy Minister Prince... in demand caused by the virus lockdowns. Then a few weeks later, Saudi Arabia and its closest allies...

Russian energy minister Novak to become deputy Premier

familiar with the situation. The OPEC+ alliance, with Saudi Arabia and Russia as its de facto leaders...

Oil prices fall further on stronger U.S. currency and lower demand

, including Saudi Arabia and Russia, are bringing some supply back in line with their agreement... Administration calculations of Cirium flight-level data.          Saudi Aramco is shelving multibillion...

Bleak air travel forecasts lead IEA to lower oil demand projections

supplies increased last month as Saudi Arabia phased out some of the steepest production cuts it’s been... as consumption recovers from the depths of the pandemic, while Saudi Arabia and other OPEC nations keep output...

U.S. oil inventory continues to climb, offsetting rise in fuel demand

the second half of the year because of the ongoing economic fallout from the coronavirus. Saudi Arabia... to the outbreak. Saudi Aramco has suspended work at two offshore drilling rigs for about a year, according...

Tighter oil supplies plus U.S. stimulus efforts send Brent above $40

+ members are complying with extended production curbs. Saudi Arabia cut term supplies to some Asian... their impact. So far this month, shipments from Saudi Arabia have remained muted, with flows to the U.S....

Brent crude climbs above $40 on rebounding markets

output in its monthly Short-Term Energy Outlook later on Wednesday. Other oil-market news: Saudi Aramco, the world’s biggest oil company, is getting squeezed by its main shareholder, the Saudi Arabian...

Saudis, Russia call for last-minute talks before OPEC’s oil production decision

(Bloomberg) --Saudi Arabia and Russia summoned the OPEC+ alliance for last-minute talks on Saturday, just before it’s due to decide whether to delay January’s output increase. A clear majority of OPEC+ watchers expect the group to maintain their supply curbs at current levels for a few months... Exporting Countries and its allies, Russian Deputy Prime Minister Alexander Novak and Saudi Energy...