Tag: Oil cartel
Output remains constant – no new dispute with G7 countries
oil pump The oil network Opec plus does not risk a new dispute with the G7 industrialized countries. (Photo: dpa) Zurich, Frankfurt The alliance of oil exporting countries, Opec plus,…
Tank discount: Gas station association sees no excess profit
Dusseldorf The high prices at German filling stations for petrol and diesel have been causing heated debates for weeks. Although the three billion euro tank discount caused price reductions at…
Saudi Arabia probably wants to compensate for oil losses in Russia
Oil production in Russia new York It is a strategic reversal: the alliance of oil exporting countries OPEC plus wants to produce more oil than the market expected. The state…
Saudi Arabia probably wants to compensate for oil losses in Russia
Oil production in Russia new York According to a newspaper report, Saudi Arabia is prepared to increase its oil production if Russian oil production fails. The country has pledged to…
The oil diplomat supposed to appease the United States
Haitham al-Ghais The new OPEC General Secretary faces completely different challenges than his predecessor. (Photo: Getty Images) Zurich Haitham al-Ghais is expected to take on a delicate job in August:…
Opec-plus is sticking to its subsidy policy – the raw materials rally is likely to continue
Oil pump in the Gulf state of Bahrain Analysts expect a multi-year bull market in crude oil. (Photo: AP) Zurich More than 100 million barrels of crude oil per day,…