Home » Organization of the Petroleum Exporting Countries
HOUSTON The world’s top oil executives gathered in Houston this week seem to agree on one thing: this year is set to be so horrible that many skip right to 2017 and beyond to talk about hopes for market rebalancing that so far has eluded the battered industry.... More »
BAGHDAD Iraq’s Oil Minister Adel Abdul Mahdi has expressed hope that oil prices will rebound in 2016 on improved global economic growth, according to an interview with Assabah newspaper published on Monday.”There is big hope that, in the first half or by the e... More »
BENGHAZI, Libya Libya’s Gen. Khalifa Haftar, who leads forces allied to the country’s recognized government, called for an end to an arms embargo to help fight Islamist militants after holding talks with the U.N. envoy on a peace agreement. Haftar, a former al... More »
VIENNA It used to be said of OPEC that it was like a teabag – it only worked in hot water. If that is so, conditions on world oil markets could hardly be more difficult as prices languish at almost seven-year lows near $40 a barrel. Yet, rather than closing ra... More »
LONDON World oil demand is expanding at its fastest pace in five years thanks to rebounding economic growth and low prices, but global oversupply will last through 2016, the West’s energy watchdog said on Wednesday. The International Energy Agency said in a mo... More »
