Tag Archives: crude oil prices

Oil prices rise on OPEC and Russia’s deal to cut production (en/fr)


According to Reuters, the Organization of the Petroleum Exporting Countries (OPEC) said Wednesday that it would cut production by 1.2 million barrels a day from 33.6 million barrels and said it expects producers from outside the group, including Russia, to join with additional cuts totaling 600,000 barrels a day. On Thursday, 12/1, Azerbaijan said it was also willing to engage in talks on cuts while Indonesia suspended its membership. 

Continue reading Oil prices rise on OPEC and Russia’s deal to cut production (en/fr)

Two Israeli Companies See Potential for a new Major Offshore Gas Field offshore Gaza/ Israel


An Israeli exploration group led by the Isramco Negev and Modiin Energy companies, announced on Sunday that it had found signs of a massive natural gas reserve off Israel’s Mediterranean shore, comparable in size to the Tamar field.

Continue reading Two Israeli Companies See Potential for a new Major Offshore Gas Field offshore Gaza/ Israel