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OPEC
OPEC Secretary General to attend annual meetings of the IMF and the World Bank Group
OPEC Secretary General, HE Mohammad Sanusi Barkindo, along with a delegation from the OPEC Secretariat, will be attending the Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) that take…
Global Oil Demand Can Only Increase
While incremental annual gains obviously vary, there is nothing more assured than increasing global oil demand. The steady drumbeat of more people, making more money, using more oil may be boring to some, but it is also perhaps our most…
Iran Says Will Cooperate with OPEC to Stabilize the Oil Market: IRNA
Iran’s oil minister said today that Tehran will cooperate with Organization of the Petroleum Exporting Countries (OPEC) to stabilize the world market, but expects others to respect its rights, the ministry’s news agency SHANA quoted him as saying. Asked about…
Despite the Current Decline, Oil Market on the Path to Rebalancing
“Higher oil demand is expected in the 3rd and 4th Quarters”, HE Dr Mohammed Bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry and current OPEC President said, expressing positive sentiments in a brief released from OPEC. He added that,…
Lower oil prices affect global growth of mining industry, says UNIDO report
Global production growth from mining activities remained low in 2015 and was significantly affected by lower crude oil prices, and the combined production of mining and utilities rose a mere 1.0 per cent in 2015, according to a report released…
IEA releases Oil Market Report for August
Crude oil prices eased to around $45 per barrel in August as a global supply overhang weighed and demand growth weakened, the newly released IEA Oil Market Report (OMR) for August informs subscribers. Brent crude had threatened to break below…
IEA releases Oil Market Report for July
Global oil supplies rose by 0.6 mb/d in June, to 96 mb/d, after outages curbed OPEC and non-OPEC supplies in May, while production was 750 kb/d below as higher OPEC output only partially offset non-OPEC declines, the newly released IEA…