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Kuwait Ministry of Oil initiates full OPEC compliance

Kuwait Ministry of Oil initiates full OPEC compliance
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Al-Arabi's Unfortunate Defeat To Al-Ahly In Doha Championship

Al-Arabi's Unfortunate Defeat To Al-Ahly In Doha Championship
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Saudi minister's bullish comment, supported by the allies tightened markets

On August 22, the Saudi Energy Minister Prince Abdulaziz bin Salman hinted at a production cut as soon as the September 5 OPEC Plus ministerial meeting. The minister suggested that OPEC Plus is willing to make explore various mechanisms including new production cuts to restore connection between illiquid paper and volatile physical markets. Several OPEC Plus members have ....

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Oil market is due for correction but volatility reigns

The weakening global economic outlook continued to weigh on market sentiment. In contrast, the supply outlook improved on the prospect of higher supply in the coming months, even as signs of disappointing Chinese economic activity and economic weakness clouded much of Europe. Recent industrial production and retail sale indicators from China added a bearish sentiment to global ....

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Markets stay volatile even as deficit concerns support current prices

Crude oil prices fell driven by weaker-than-expected Chinese manufacturing data, a rebound in Libyan production to 1.2 million barrels per day and further bearish macroeconomic news. However, prices recovered considering International Energy Agency’s latest market outlook. It forecast an upward revision to this year’s world oil demand of 0.4 mbpd from 1.7 mbpd last month to ....

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