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Tag: non-OPEC


Commercialization, Conventional Fuels

Here’s What’s Moving Oil Prices

May 28, 2020

Via: Forbes

After an enormous rally, oil prices have started to ease off today. The West Texas crude oil’s July contract crossed above $34 per barrel on Tuesday this week, which left many traders scratching their heads. There is no doubt that […]


Commercialization, Conventional Fuels

Saudi Arabia unveils plans to maximize oil output, escalating a price war with Russia

March 11, 2020

Via: CNBC energy

OPEC kingpin Saudi Arabia unveiled plans Wednesday to dramatically ramp up oil production, raising the stakes of an all-out price war with non-OPEC leader Russia. State-owned oil behemoth Saudi Aramco said Wednesday that it had been asked by the Saudi […]


Commercialization, Conventional Fuels

OPEC deal in jeopardy as Russia stalls over deepest round of supply cuts since 2008

March 6, 2020

Via: CNBC energy

OPEC and non-OPEC allies have so far failed to agree on how much production to cut amid the coronavirus outbreak, with Russia reportedly refusing to give the green light to the deepest supply cuts since the global financial crisis. Oil […]


Commercialization, Conventional Fuels

Saudi Arabia denies pushing OPEC allies to commit to a deeper round of production cuts, source says

December 5, 2019

Via: CNBC energy

OPEC kingpin Saudi Arabia has denied pursuing a deeper round of production cuts, one senior oil official told CNBC on Thursday, despite intense speculation the global oil-producing group was on the cusp of imposing further output curbs. The oil-rich kingdom […]


Energy Economics, News and Policies, U.S.

US will ‘reinforce its leadership’ as the world’s top crude producer in 2019, IEA says

January 18, 2019

Via: CNBC energy

The level of crude output from the U.S. will once again be a major factor this year, the International Energy Agency (IEA) said its closely-watched report on Friday, with the energy giant on track to reaffirm its position as the […]