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OPEC meeting
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Novak Says Russia Against Global Oil Output Rise, Rather Than Supporting Cut
Dec 15, 2015Russia is against an increase in global crude production, rather than favouring a reduction, and remains pessimistic about the possibility of Moscow and Riyadh reaching a production coordination deal, Russia's energy minister Alexander ...
Tags: crude production, OPEC, oil prices
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Quality of Iraq's Basrah Crude Has Stabilized at an API Gravity Level of 28-30 Degrees
May 31, 2013The quality of Iraq's Basrah crude has stabilized at an API gravity level of 28-30 degrees after some fluctuation in recent months, the country's oil minister said Thursday. "Its quality is stable around 28-30 API. The only change we had ...
Tags: Basrah Crude, Chemicals
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Petroleum Futures Were Slightly Bearish Monday,with ICE July Brent Settling 2 Cents Lower
May 29, 2013Petroleum futures were slightly bearish Monday, with ICE July Brent settling 2 cents lower at $102.62/barrel. Volumes were low and markets rangebound for the most part because of holidays on both sides of the Atlantic. Electronic trading ...
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Iraq Has Sweetened The Terms for Oil Contract Buyers
Jan 25, 2013Reuters reports that Iraq has sweetened the terms for oil contract buyers and is becoming more competitive on pricing. Oil Minister Abdul Kareem Luaibi [Elaibi], who met customers in Vienna last month on the sidelines of the OPEC meeting, ...
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Iran Has Not Withdrawn Its Candidacy for The Post of OPEC Secretary General
Dec 28, 2012IRNA cited Mr Rostam Qasemi oil minister of Iran as saying that Iran has not withdrawn its candidacy for the post of OPEC secretary general in favor of any country. It is not true that Iran has withdrawn its candidacy for the OPEC's ...
Tags: oil, oil producers, OPEC, oil production
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Saudi Arabia Arrived in Vienna to Take Part in The 162nd Ordinary Meeting of The OPEC
Dec 21, 2012IRNA reported that Mr Rostam Qassemi oil minister of Saudi Arabia arrived in Vienna to take part in the 162nd ordinary meeting of the OPEC oil ministers due to be held on 12th 2012. It is the second meeting of the OPEC oil ministers in ...
Tags: OPEC meeting, oil, crude oil output, crude oil
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Reuters Cited Mr Abdul Kareem Luaibi Oil Minister of Iraq
Dec 14, 2012Reuters cited Mr Abdul Kareem Luaibi oil minister of Iraq as saying that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Baghdad is in dispute ...