Kuwait will finish cleaning up a crude oil spill in the country's southern waters in the Gulf this week, a Kuwaiti newspaper report said on Sunday, quoting the country's oil minister. Essam al-Marzouq said in a press statement that no more patches of oil have been found and that Kuwait was working on clearing up those near the shore. HeRead more
Oil exporters are set to meet in Russia on Monday to monitor compliance with production cuts as the focus turns toward output from Africa. Key OPEC and non-OPEC oil nations will discuss the situation in Libya and Nigeria at a meeting in St. Petersburg, Russian Energy Minister Alexander Novak told reporters on Sunday.
There has been speculation ahead of theRead more
A joint committee of ministers from the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday.
An earlier draft of the statement said the committee “reports high level of conformity and recommends six-month extension.”Read more