Tag: OPEC
-
Iran is flirting with Saudi Arabia and OPEC + countries with an oil investment deal
Iran has become open to foreign investment, following the recent agreement between Riyadh and Tehran to resume their diplomatic relations, after a 7-year break. And the Iranian Ministry of Oil issued a statement – on March 19, 2023 – in which it said that it welcomed any offer of foreign investment in its projects in…
-
Anas Al-Hajji: Oil prices are collapsing because of “Silicon Valley”…and this is expected from OPEC +
Energy platform editorial advisor, energy economics expert Dr. Anas Al-Hajji, said that oil prices collapsed with the collapse of Silicon Valley and Signature banks in the United States. This came during a new episode of the program “Energy humanitiesPresented by Dr. Anas Al-Hajji on Twitter, entitled “The Effects of the Saudi-Iranian Agreement on Energy Markets…and…
-
Oil analysis after the collapse of the Silicon Valley bank.. Will OPEC + interfere?
Oil analysis shows that the collapse of the Silicon Valley bank left fears in global markets that prices would be affected by the crisis, which could prompt the OPEC + coalition to intervene. These fears, supported by the decline in crude oil prices for two consecutive days, pushed Brent crude to less than $79 a…
-
Saudi Arabia threatens not to export oil…and decisive statements regarding “No to OPEC”
Saudi Arabia threatened to stop oil exports if a price cap was imposed on its supplies to global markets, but it limited that to countries that adopt such a decision. The Saudi threat came from the words of the Minister of Energy, Prince Abdulaziz bin Salman, in response to a question by “Energy Intelligence” about…
-
A new American escalation of OPEC bargaining… The controversial law rears its head again
US attempts have re-escalated its position rejecting the policies of the Organization of the Petroleum Exporting Countries (OPEC), by presenting the bill known as “No OPEC” in the Senate Judiciary Committee. In this context, a group of members of the Senate Judiciary Committee from both parties decided to reintroduce the legislation, today, Wednesday, March 8…
-
A new US escalation against OPEC… The controversial law rears its head again
The US attempts to escalate its position rejecting the policies of the Organization of the Petroleum Exporting Countries (OPEC), by presenting the bill known as “NOPEC” in the Senate Judiciary Committee. In this context, a group of members of the Senate Judiciary Committee from both parties decided to reintroduce the legislation, today, Wednesday, March 8…
-
UAE Energy Minister: The oil market faces challenges in 2023..and this is the role of OPEC + (video)
The UAE Minister of Energy, Suhail Al Mazrouei, confirmed that the global oil market faces several challenges during the current year (2023), most notably the lack of investment. And he stressed, in press statements on the sidelines of the World Government Summit – hosted by the UAE – the need to pump new investments in…
-
The Kremlin reveals the position of OPEC + on the decision to reduce Russian oil production
Today, Friday, February 10 (2023), Kremlin spokesman Dmitry Peskov revealed that Russia held consultations with several countries in the OPEC + coalition regarding the decision to reduce Russian oil production. This denies previous statements, issued today, Friday, February 10 (2023) – also – that Moscow decided to cut production without consulting with the coalition countries.…
-
What is the appropriate oil price for Saudi Arabia and OPEC +?.. 6 experts answer “Energy”
The decision of the members of the OPEC + coalition to reduce the production ceiling by two million barrels, starting from November (2022) until December (2023), shocked the energy markets, and angered the United States and countries consuming black gold. The aim of the decision was to boost oil prices, which have fallen to levels…
-
OPEC+ oil production rises by 140,000 barrels per day in December (survey)
The production of the OPEC + coalition of crude oil increased by 140 thousand barrels per day in December of the past year (2022), to record 42.71 million barrels per day, with increased production from Saudi Arabia and Nigeria in particular. The 13 members of the Organization of the Petroleum Exporting Countries pumped about 28.98…