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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...

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...

Saudis urge restraint as OPEC+ meets on oil production hikes

(Bloomberg) --Saudi Arabia urged caution as OPEC+ gathered to discuss whether to hike supply again... as a killjoy in the proceedings, I want to urge caution,” Saudi Energy Minister Prince Abdulaziz... is a worrying and unpredictable development.” Russia, the cartel’s de-facto leader alongside Saudi...-day stalemate as Saudi Arabia and the United Arab Emirates -- for years stalwart allies in both...

UAE warns U.S. shale producers against flooding market with oil

again last week when Saudi Arabia said it would unilaterally cut crude output by 1 million barrels... week, OPEC+ agreed to keep production in February and March unchanged for all 23 members bar Saudi... pumped 2.5 million barrels daily in December, making it OPEC’s biggest producer after Saudi Arabia..., the market’s ability to absorb the return of the Saudi barrels in April will depend on whether...

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...

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...

Oil prices slide ahead of OPEC+ output decision

, following talks between Russia, Saudi Arabia and the United Arab Emirates, said a delegate. There could... a clash between Saudi Arabia and the UAE. “Plans to start tapering at the start of the year may...

Tanker explosion pushes oil past $50 on Middle East stability concerns

(Bloomberg) --Oil climbed past $50 a barrel after another tanker explosion in the Middle East raised concerns over the region’s stability, and as the first Covid-19 vaccine was poised to be distributed across the U.S. Futures rose as much as 1.7% in London. The explosion, at the Saudi Arabian port of Jeddah, comes three weeks after an oil tanker was damaged in a possible attack at the Saudi...

Russia said to support OPEC+ output increase in February

additional OPEC+ supply. It’s unclear whether Saudi Arabia, the leader of OPEC+ alongside Russia..., Saudi Oil Minister Abdulaziz bin Salman had favored maintaining current output cuts throughout...

A stronger Gulf of Mexico means a stronger America

price collapse, the GOM hit record highs in oil production before the Russia-Saudi price war, and demand...

Defining our next normal

. This pushed the U.S. ahead of Saudi Arabia and Russia to become the world’s largest oil-producing country...

OPEC’s deal fractures group unity, sets up future struggles

of the cartel’s members, but strained the group’s unity and set up testing times ahead. Saudi Energy... a split emerged between Saudi Arabia and the United Arab Emirates, the cartel couldn’t agree... in this meeting, and tensions flying high,” said Sen. The intensity of a fight earlier this week between Saudi... meeting with OPEC+ allies by two days. In an apparent gesture of frustration, the Saudi energy minister...