Oil demand ‘fairly strong’ for 2018- Vitol
Vitol, world’s biggest independent oil trader, sees “fairly strong” demand for crude this year, leading to a further drawdown in ...
Saturday, May 30, 2026
Tag: OPEC
Oil prices down in Asia Wednesday early trade due to firmer U.S. dollar
Oil prices are down again Wednesday morning in Asia, driven by a recovery in the dollar which pulled down fuel ...
Electric vehicle growth could see oil demand peak by 2030 – Fitch
Electric Vehicle (EV) adoption is an increasing threat to oil demand, which could plausibly peak before 2030, Fitch Ratings says ...
UAE desires ‘forever’ OPEC alliance with Russia to avoid future oil gluts, shortages
United Arab Emirates Energy, OPEC’s fourth-largest oil producer, is leading an effort to prolong cooperation with Russia and other allies ...
Oil trades mixed as OPEC’s Barkindo sees global demand grow 1.6m bpd in 2018
(L-R) Maikanti Baru, GMD NNPC group; Mohammed Sanusi Barkindo, OPEC Secretary General; Boss Gida Mustapha, Secretary to the Government Federation ...
OPEC, allies’ oil cut deal may hurt Russian economy, says Bank of Russia
Bank of Russia has said the Russian economy in 2018 may feel a negative impact of the global deal on ...
Firm demand seen offsetting stronger dollar impact on oil prices
OPEC has said expectations of firm demand based on stronger economic growth forecasts may sustain higher oil prices in 2018 ...
OPEC targets longer non-member alliance partnership in 2018- UAE energy minister
Oil cartel, Organization of the Petroleum Exporting Countries (OPEC), aims to agree on a longer-term partnership with non-member producers by the ...
Crude oil prices continue to rise on Saudi commitment to curtail output
Crude oil prices continued to rise on Thursday, still supported by news in the previous session of a lower than ...
Russia’s RDIF says to finalise Eurasia drilling deal with Aramco
The Russian Direct Investment Fund (RDIF) on Wednesday said it expected to finalise a deal with Saudi Arabia’s Aramco to ...
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