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Press Releases

The US could grant fewer Iran oil waivers in May 2019: IHS Markit

Victor Shum of IHS Markit says he expects a deceleration in global economic growth, but not to the extent of causing "demand destruction" in the oil market.

Source: CNBC.com

Saudi energy minister expresses concern that geopolitics will affect oil market

CNBC's Hadley Gamble reports from Abu Dhabi on the reaction from energy ministers to Secretary of State Mike Pompeo's trip to the Middle East and his meeting with the Crown Prince Mohammed Bin Salman.

Source: CNBC.com

OPEC Sec Gen to US oil producers: We’re in the ‘same boat’

OPEC Secretary General Mohammed Barkindo says the cycle that the oil industry has just been through shows that what is good for OPEC is also good for the United States.

Source: CNBC.com

Oil price rebound may not be sustainable in the short term: OCBC

Vasu Menon of OCBC Bank says oil prices could hover around $60 to $65 per barrel in the next 12 months because he expects a "supply response" from OPEC.

Source: CNBC.com

Iran will have more trouble selling its oil, starting in May, says Francisco Blanch

Francisco Blanch, head of global commodity and derivatives research at Bank of America Merrill Lynch, discusses the crude oil rally pause and where the market is headed through the rest of 2019.

Source: CNBC.com

Paul Sankey on oil's rebound

Paul Sankey, Mizuho Oil Analyst, talks about OPEC, Saudi Arabia, and oil supply

Source: CNBC.com

UAE's Mazrouei: We adjusted for a global slowdown — China included

Suhail Al Mazrouei discusses OPEC's bid to balance the oil market and addresses concerns of a potential slowdown in global economic growth.

Source: CNBC.com

UAE energy minister: Don’t understand the logic to Qatar’s OPEC exit

Suhail Al Mazrouei addresses fears of a slowdown in global economic growth and Qatar's withdrawal from OPEC.

Source: CNBC.com

OPEC does not 'chase the price' of oil, says its former chief

It is neither "logical" nor "practical" for the Organization of the Petroleum Exporting Countries to attempt to achieve a price target for oil, says Suhail Al Mazrouei, energy minister of the United Arab Emirates and former president of the cartel.

Source: CNBC.com

'I think OPEC will always be there,' says UAE energy minister

Suhail Al Mazrouei, the United Arab Emirates' minister of energy, says he is "not worried" about the departure of Qatar from the Organization of the Petroleum Exporting Countries.

Source: CNBC.com