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Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA

February 7, 2016 by · Leave a Comment 

Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilize the global oil market with his Venezuelan counterpart on Sunday, state news agency SPA reported. Venezuela's Oil Minister Eulogio Del Pino, who is on a tour of oil producers to lobby

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Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA

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Prolonged oil slump sparks second wave of cuts to 2016 budgets

February 7, 2016 by · Leave a Comment 

Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow. With oil prices firmly

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Prolonged oil slump sparks second wave of cuts to 2016 budgets