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Oil Prices Climbs After OPEC, Allies Considers Further Cut Output

JAKARTA (TheInsiderSTories) - After dropped below US$50 a barrel on Tuesday, oil price boosted by the Organization of the Petroleum Exporting Countries (OPEC) and its allies...

OPEC Considers to Moves March’s Meeting to February

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) members are considering holding an emergency meeting in February after oil prices slumped on concern the...

OPEC, Russia Agrees to Cut Oil Production 500,000 Barrels

JAKARTA (TheInsiderStories)- Organization of the Petroleum Exporters Countries (OPEC) and Russia agreed to make a further cut of oil production around 500,000 barrels per...

Oil Prices Rise on Hopes for Extra Cuts by OPEC

JAKARTA (TheInsiderStories) - Oil prices have edged up on expectations that the Organization of the Petroleum Exporting Countries (OPEC) and its allies that include...

US Rises Crude Oil Stockpiles, Price Slid Below US$53 a Barrel

JAKARTA (TheInsiderStories) - The American Petroleum Institute reportedly an increase in crude oil stockpiles of 10.5 million barrels. This will be the biggest jump since February...

OPEC Revises Down Oil Demand to 980,000 Barrels per Day in...

JAKARTA (TheInsiderStories) - The Organization Petroleum Exporting Countries (OPEC) forecast world oil demand to grow by 980,000 barrels a day (bpd) in 2019, or down from...

Indonesia Crude Price Lowering to US$57.26 a Barrel in August

JAKARTA (TheInsiderStories) - Energy and mineral resources (EMR) ministry stated that the trade war between the United States and China affected the average Indonesian Crude Price...

OPEC+ Meeting Its Expecting Give “Fresh Air” to Commodity Market

JAKARTA (TheInsiderStories) - The meeting of the Organization of Petroleum Exporting Countries, Russia and other countries (OPEC+) will held today in Vienna, Swiss. The meeting its...

Saudi Arabia Asks Oil Producers Lowering the Production

JAKARTA (TheInsiderStories) - Delicate situation of oil price made Saudi Arabia recommended oil producer countries to gently driving oil inventories down. It sees no need to...

Global Oil Supply Falls in April 2019, says OPEC

JAKARTA (TheInsiderStories) - Global oil supply in April slightly decreased by 0.07 million barrels per day (bpd) to average 98.82 million bpd, compared with the...

OPEC Cuts Oil Productions 1.2 Million Barrels per Day

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC has agreed to cut oil production amid United States (US) President Donald Trump to...

Oil Production Cut Becomes Focus of OPEC+ Meeting

JAKARTA (TheInsiderStories) - Yesterday, the Organisation of Petroleum Exporting Countries (OPEC) has ended talks in Vienna without a deal on oil production cuts. That left...

OPEC Sees Global Oil Demands Declining Until 2023

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) predicts the demand for world oil until 2023 will decline even though energy demand is...