Saudi Arabia needs $80-85 per barrel oil price to balance its 2019 Budget: IMF
OPEC’s biggest producer Saudi Arabia would need oil prices at US$80-85 per barrel in order to balance its 2019 budget, Jihad Azour, Director of the Middle …
OPEC’s biggest producer Saudi Arabia would need oil prices at US$80-85 per barrel in order to balance its 2019 budget, Jihad Azour, Director of the Middle …
Japan, South Korea, India, and China are all buying Iranian crude once again, but at much lower rates than they did before November when U.S. sanctions kicked …
Aramco will ship the full volumes of crude contracted by Asian refiners in a bid to protect its market share in the biggest consuming region in the world ahead …
The United Arab Emirates (UAE) is now OPEC’s third-biggest producer, having surpassed Iran whose output has plunged below 3 million bpd with the U.S. …
After several months of oil price rises and then a sharp reversal over the last few weeks, world oil markets are in for more heightened volatility next year …
Qatar will leave the Organization of Petroleum Exporting Countries (OPEC) as of next month, its energy minister told the media, adding that the decision …
Russia has started to concede that it needs to join a fresh Saudi-led oil production cut, but is still bargaining with its key partner in OPEC over how much, …
Brent Crude is expected to average $75.50 a barrel next year, according to an S&P Global Platts survey of 11 top banks and oil brokers, who see OPEC …
The International Energy Agency (IEA) has kept its forecast for global oil demand growth unchanged as lower oil prices may offset impact of weaker economy, it …
China will lead global refinery capacity expansion and investments with 3.12 million barrels per day (bpd) additional refining capacity and $67.3 billion …