OPEC oil ministers meet on Wednesday to finalise proposed supply-limiting agreement
Iran and world powers concluded the nuclear agreement last year
The joint venture will begin operations in the second quarter of 2017
An advisor has been hired to study and prepare both processes
OPEC is moving closer towards finalising its first deal since 2008 to limit oil output
The US has always had a complicated relationship with Saudi, writes Reuters’ columnist John Kemp
OPEC agreed in September to limit supply with special conditions given to Libya, Nigeria and Iran
Iran’s surge to the top spot is due partly to less available crude from Saudi
Khalid al-Falih said third parties would independently verify “reserves” disclosed to investors
According to OPEC’s report, October’s supply boost mostly came from Libya, Nigeria and Iraq
Oil companies should invest in the market when prices remain low, says Suhail Al Mazrouei
The MoU could see Kuwait Petroleum takeover from IPIC as a joint venture partner in the project
The Hassyan power station is being constructed by the ACWA Power and Harbin Electric consortium
Brent crude bounced back from a three-month low hit earlier
The company said it currently produces over 1GW of renewable power
Trump’s energy policies have been limited in detail so far
The dollar is weakening and Asian stocks have dropped
Lots of consolidation has been announced in the ADNOC group
ADNOC holds a 60 per cent share in the Al Hosn joint venture
The plants marks the fourth stage of the Mohammed bin Rashid Al Maktoum Solar Park
OPEC officials met in Vienna last month to work out the details of the Algiers plan
Tarek El Molla said last month it was unclear when the Saudi oil deliveries would resume
The Oil and Gas Climate Initiative includes Saudi Aramco, Total, BP, Eni and Repsol
The 300-page book, titled Out of the Desert, describes the battles waged by the influential industry veteran
The strategy includes a 400,000 bpd oil production increase by 2018
“The gap between supply and demand is closing,” Amin Nasser said
Oil companies helping Iraq develop its massive fields have to clear their spending with Baghdad each year
Drivers can expect price increases of roughly 5 per cent of more next month
Officials and experts from OPEC countries and non-OPEC nations met for consultations in Vienna on Saturday