OPEC Predicts Higher Demand for Oil in 2018

The Organisation of Petroleum Exporting Countries (OPEC) has predicted a higher demand for its crude oil in 2018, citing rising global demand, and pointing to strong indications that the glut in the oil market is easing. In its monthly Oil Market Report (OMR) released thursday, the cartel pointed to signs of a stronger oil market that… Please follow and like us:

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Saudi Arabia wants oil prices to rise to $60 in 2017

Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies – the United Arab Emirates, Kuwait and Qatar – believe would encourage investment in new fields but not lead to… Please follow and like us:

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