CEO Amin Nasser said two nations are continuing discussions on energy cooperation
oil market
crude oil
Brent jumps to two-year high
Outlook for the global oil market is improving and OPEC members said they will keep pressing onward until it balances
low oil price
Kuwait says OPEC may make decision on extending cuts in March
Oil Minister Issam Almarzooq says OPEC will consider all options if the market doesn’t re-balance when the cuts expire
ADNOC
UAE pledges further oil output cuts starting in September
Some of Abu Dhabi National Oil Co’s shipments will be 10 percent lower from September
non-OPEC
OPEC: Can it ride out the storm?
Countries like Saudi Arabia have seen holes blown in their hydrocarbon-dependent budgets
Crude
Oil near $44 as Saudi Arabia’s output increase raises doubts
The world’s biggest oil exporter told OPEC it raised output by 190,000 barrels a day
crude barrel
OPEC needs to “shock and awe” the oil market: report
Without such action, prices could slump to less than $40 a barrel