Wednesday, August 19, 2026
OPEC’s Abu Dhabi Meeting: We Will Need “New Strategies to Balance the Market” in 2019 - Oil & Gas 360

Royal Bank of Canada Sees Two-Tier Oil Price Recovery

Barriers remain, but oil above $50 in Q4 2016 likely: RBC Crude oil prices are up today despite news over the weekend that no deal regarding the crude oil production freeze between OPEC and non-OPEC producers could be reached. Talk surrounding the deal bolstered crude oil prices in the months leading up to the Doha meeting, and many market observers

China

Chinese Majors Selling Assets back to the Government

Sinopec offers major stake in international unit to Chinese investment firms China Petrochemical Corp., or Sinopec Group as it is commonly referred to, is selling more than half of a unit which holds its overseas assets to two state investment vehicles. No value for the transaction was provided, but the deal will split ownership into two 30% stakes and one

Russia May Increase Production 100 MBOPD this Year

After failure to reach production freeze producers are ready to increase exports Had a production freeze agreement been reached among OPEC and non-OPEC producers last Sunday, it would have marked the first time in 15 years that Russia cooperated with the oil producing group. While oil prices have continued to hold above $40 per barrel despite the lack of an