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The historic agreement of (OPEC+) .. will it save the markets from the collapse of oil prices?

The OPEC Plus group succeeded in reaching a historic agreement to rebalance the oil markets and stop the collapse in oil prices.   The group had reached the agreement a few days ago in a...

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Oman Supports Deeper Oil Output Cut in (OPEC+)

Omani Oil Minister Mohammed bin Hamad Al-Rumhi said on Saturday 8 February 2020 that his country supports the recommendations made by the technical committee in (OPEC +, which is OPEC and its allies...

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OPEC production expected to decline in 2020 due to the spread of Corona virus in China

The US Bloomberg agency said in its report published on Sunday, 2nd February 2020 that the Organization of Petroleum Exporting Countries “OPEC” has to reduce its production to overcome...

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OPEC and Russia deepen oil output cuts

Sources told Reuters that OPEC and its allies led by Russia are close to the agreement to reduce oil supplies for next year, to support crude prices and prevent the abundance of oil. The Organization...

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