TOMORROW is not far away to know the outcome of OPEC’s meeting in Vienna, as well as the possibility of Russia joining the meeting as a strong partner for creating OPEC+. Everyone is betting on the outcome of the meeting to know if there is going to be an increase in the oil production or if there w
THESE are the two commonly used words associated with oil in any news. They are simply the two types of oil that make big impacts on the income as well as the industry. One of them commands a bigger premium price compared to the other. The sweet crude oil is lighter and better, resulting in more exp
OPEC plans further reductions, forecasting future oil demand IT seems OPEC is planning further crude oil production cuts to correct oil prices, as it is not within the organization’s targets. The current level of $75 a barrel is not enough to meet OPEC’s budget requirements. It is also not enough
The Chinese currency is moving to capture some of the oil deals with oil-producing countries, as well as other forms of energy including gas and other trades. It is still too early, but it seems the time has come; considering the positive signs towards achieving the objective capturing some deals
WITH the downward trend of the oil price, will OPEC+ take any action or is it still early? Is it that the oil producing countries have generated enough cash surplus? Is there hope that the drop in price to below $80 a barrel is temporary, and it will bounce back during the third and fourth quarter o