Tag: OPEC

New energy deal of the century

Opec secretary general Mohammed Barkindo this week stoked expectations that the Opec-non-Opec “energy deal of the century” will be renewed The 173rd meeting of Opec oil ministers opens in Vienna on 30 November but the gathering will be anything but…

Trump’s energy agenda defined

President Trump has declared he will free the US oil and gas industry to increase output, reduce climate action laws and end American dependence on OPEC and “any nations hostile to our interests” in his first energy policy statement. “The…

Iran rejects output cuts

Iran’s Minister of Petroleum Bijan Zanganeh Iran has repeated its assertion that it’s unwilling to accept production cuts so long as its market share remains below where it was before the embargo imposed by most importers on Iranian oil in…

Saudi Arabia dismisses output cut call

  Energy Minister Al-Falih says oil market intervention is unnecessary Saudi Arabian Energy Minister Khalid Al-Falih has effectively ruled out the possibility that major oil producers will agree a production cut next month, Reuters reported on 25 August. “We don’t believe…