OPEC

Acting Oil Minister and Deputy Prime Minister of Kuwait Anas Al Saleh expects oil prices of around USD 50 per barrel for the remainder of 2016. In statements on…

Ali Bongo Ondimba, president of Gabon, on Thursday confirmed that Shell is looking to divest local assets. Speaking in Rwanda, Bongo noted the sale was the natural…

Alexander Novak, Russian minister of energy, said on Thursday that oil markets may still be months away from rebalancing and cautioned against too much optimism over…

Acting Kuwait Oil Minister Anas Al Saleh on Thursday said the upcoming June 2 OPEC gathering in Vienna, Austria, is unlikely to produce tangible results in the quest…

Igor Sechin, president of Russian oil major Rosneft, has questioned the effectiveness of OPEC in correcting the current supply-demand imbalance.

In statements made…

Iranian Minister of Petroleum Bijan Zangeneh over the weekend once more ruled out the possibility of Iran joining an initiative to freeze oil production. Speaking to…

Near-record OPEC production in April of 32.64 million bopd sent oil prices on a retreat on Monday, undoing gains made over the past weeks. A weaker dollar and a 7% rise…

Fatih Birol, head of the International Energy Agency, said on Sunday that the oil markets will begin to rebalance in the second half of 2016 or by 2017 at the latest.…

Oil production in Saudi Arabia and Kuwait will ramp up in coming weeks, while Iraq is on track to break its November 2015 crude export record. Industry sources cited by…