OPEC

UAE energy minister announces ADNOC's January crude oil allocation reductions
Suhail Mohamed AlMazrouei tweeted out the reductions on Monday, with a positive outlook for 2019
Saudi Arabia will seek moderate output cut for 2019
Saudi Oil Minister Khalid al-Falih's comments sent ripples through the market
Russia key to OPEC 2019 production cut decision
Cut will be between 1mn and 1.3mn bpd, depending on Russia's contribution
Trump urges OPEC not to cut production ahead of Vienna talks
Trump has repeatedly tweeted OPEC, and Saudi Arabia, not to cut production in a bid to keep oil prices low
Bank of America Merrill Lynch releases 2019 Energy Outlook
It forecasts Brent crude to average $70 per barrel and an output cut from OPEC+
Oil price climbs almost 5% after Saudi-Russia agreement, US-China truce
The price of Brent crude started recovering from a sharp drop in November, jumping 4.7% in the past week

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Oil & Gas Middle East - December 2018

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