Trump accused OPEC of artificially high oil prices

US President Donald Trump said that oil prices were artificially high and criticized the work of the Organization of the Petroleum Exporting Countries (OPEC). He made it clear that he would no longer tolerate this state of affairs, writes News.ru. “It looks like OPEC is back for its own. With record ...

Russia and five countries will freeze oil production. Why is it important

Russian Energy Minister Alexander Novak agreed with his counterparts from Saudi Arabia, Qatar and Venezuela to freeze oil production at the January 2016 level - albeit on condition that other producers do the same. This is very important news for the whole world - the OPEC countries and Russia hope with the help of ...

OPEC Improves 2015 Forecast for Global Oil Demand

The record drop in oil prices will not only cut the investment plans of the largest oil companies, but also slow down the growth in actual production volumes this year, follows from the updated OPEC forecast. In the new report, the estimate of the increase in oil supply in the world market is reduced by more than ...

0 - 3 of 3