Oil and Gas
UAE desires ‘forever’ OPEC alliance with Russia to avoid future oil gluts, shortages
United Arab Emirates Energy, OPEC’s fourth-largest oil producer, is leading an effort to prolong cooperation with Russia and other allies…
OPEC, allies’ oil cut deal may hurt Russian economy, says Bank of Russia
Bank of Russia has said the Russian economy in 2018 may feel a negative impact of the global deal on…
Firm demand seen offsetting stronger dollar impact on oil prices
OPEC has said expectations of firm demand based on stronger economic growth forecasts may sustain higher oil prices in 2018…
Crude oil prices rise on renewed optimism
Prices of crude oil rose Friday, an effect of a weak U.S. dollar and by hopes for further efforts to limit…
100% implementation of local content law could temporarily slow crude oil production
Simbi Wabote, executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB) has said that a 100 percent implementation…
Iraq needs $4bn for new downstream oil investments, as OPEC supply cut deal to wait until December
Jabar al-Luaibi, Iraqi oil minister said on Tuesday that the country needs $4 billion for new investments in its downstream…
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