OPEC

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…

Oil trades mixed as OPEC’s Barkindo sees global demand grow 1.6m bpd in 2018

Oil prices on both sides of the Atlantic traded in opposite direction on Tuesday, with the US oil (WTI) supported…

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…

OPEC targets longer non-member alliance partnership in 2018- UAE energy minister

Oil cartel, Organization of the Petroleum Exporting Countries (OPEC), aims to agree on a longer-term partnership with non-member producers by the…

Crude oil prices continue to rise on Saudi commitment to curtail output

Crude oil prices continued to rise on Thursday, still supported by news in the previous session of a lower than…

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