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Saturday, January 20, 2018

OPEC could extend or deepen supply cut if oil glut persists: sources

OPEC could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to...

Formation of a committee to organize a joint oil fields between Iraq and Kuwait

Undersecretary of the Kuwaiti Ministry of Oil Talal Nasser Alazba it has been constituted committee between his country and Iraq to develop a "best...

Qayyarah oil wells: 1000 barrels burns per day

Fifty miles north in Mosul, beleaguered Islamic State fighters have lost control of half of their last major stronghold as Iraqi security forces advance....

Oil down 2 percent by a stronger dollar and signs of rising U.S. crude...

Oil prices declined on Monday by about 2 percent, the most since mid-January, pressured by a stronger dollar and signs of rising U.S. crude...

Oil falls on rise in U.S. drilling

Oil prices fell on Monday in response to growing evidence that U.S. production is rising, but losses were capped by official OPEC production figures...

Iraq expects full implementation of OPEC agreement

Iraq increased its forecast full and serious commitment to the oil-producing countries to reduce production to support oil prices in the global market after...

Oil companies receive $ 15 million from the Government of Kurdistan

Gulf Keystone , the company said on Monday it had received payments of $ 15 million from the government of the Kurdistan region in...

UAE says expects higher compliance with OPEC, non-OPEC deal

Compliance with a global supply cut deal by OPEC and non-OPEC oil producers has been high in January and that level of commitment is...

Masum receives an invitation to attend a summit of Petroleum Exporting Countries in Caracas

President Fuad Masum received yesterday an official invitation of Venezuelan President Nicolas Maduro Mros to attend the leaders of the Petroleum Exporting Countries meeting...

OPEC figures show over 90 percent compliance with supply cut:

Exporting Countries (OPEC) has attained over 90 per cent compliance by its members to the cartel’s output cuts pledged in January, according to figures...