The countries following Saudi Arabia’s lead, cutting prices for April crude sales
OPEC
Posted inDRILLING & PRODUCTION
UAE energy minister says new OPEC+ agreement key to balance market
He is “disappointed” about the failure to reach an agreement
Posted inDRILLING & PRODUCTION
Saudi Aramco to produce 12.3 million barrels per day in April
After Russia refused deeper output cuts, Saudi Arabia responded by cutting its oil prices and removing limits on its production
Posted inDRILLING & PRODUCTION
Saudi Arabia’s decision will see oil markets take a bath – and other producers could jump in
A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Gregory Brown, Maritime Strategies International
Posted inDRILLING & PRODUCTION
Saudi Arabia sets the stage for a high stake market share battle: Refinitiv
A Refinitiv Oil Research report reveals scenario analysis of key Middle Eastern exporters
Posted inVideo
OPEC Secretary-General Barkindo still optimistic after talks flounder
Mohammed Barkindo spoke after the talks between OPEC and its allies, saying that nobody wants a situation reminiscent of the 2014 price crash, according to video recorded by Bloomberg
Posted inDRILLING & PRODUCTION
Saudi to grow production, slashes its crude prices
This comes as demand has been slashed due to the coronavirus outbreak
Posted inDRILLING & PRODUCTION
Oil prices plummet as OPEC+ deal falls apart
Oil prices plummeted to $45 per barrel of Brent crude
Posted inDRILLING & PRODUCTION
OPEC officials shake feet, avoiding hugs amid coronavirus outbreak
A video tweeted by OPEC showed OPEC Secretary General Mohammad Barkindo ‘shaking feet’ with Russian Energy Minister Alexander Novak
Posted inDRILLING & PRODUCTION
OPEC February oil output plunges on Libyan unrest, supply cuts
On average, OPEC pumped 27.84 million bpd in February