OPEC+ aims for balance as it rolls over output curbs.
Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for…
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JulOPEC may be upstaged by the G-20 this weekend in terms of influence on oil prices
OPEC ministers meet Monday, but this weekend’s G-20 leaders summit could have much more impact on oil prices, depending on whether the outcome is good or bad for the global economy — and therefore oil demand. The world’s markets are focused on Saturday’s meeting between President Donald Trump and China’s…
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JulCrude Oil Trade: Libya’s big plans to expand
Libya produce seems to have recovered well, even with increasing concerns around the impact of the ongoing civil conflict. Libya’s performance so far this quarter has not been anything we have seen at the end of 2018. The country’s liftings have been close to 960 thousand b/d on average between…
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JunNOC Chairman discusses cooperation with Caterpillar and DeGolyer & MacNaughton.
National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, held a series of meetings yesterday in the US city of Houston as part of NOC’s 60-billion USD procurement drive. The NOC chairman is meeting with US counterparts to discuss the technology and expertise needed to achieve the corporation’s stated production target…
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JunLibya’s $60 Billion Push To Double Oil Production.
Mustafa Sanalla, chairman of Libya’s internationally recognized National Oil Corporation (NOC), held meetings with U.S. companies at the Offshore Technology Conference (OTC) in Houston this week, to discuss US$60 billion worth of procurement contracts necessary to more than double Libyan oil production by 2023. Libya, which currently pumps around 1.2…
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