OPEC, for some quiet moments..

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OPEC’s most senior official will discuss the possible participation of Russia in an OPEC production cut next week, officials in the group said this week, as the cartel seeks to bolster a landmark deal in Algiers.

OPEC Chief to Discuss Non-OPEC Production Cut With Russia - WSJ

Saudi Arabia’s deputy crown prince sent his energy minister to an OPEC meeting last month with a difficult mission: Make a deal with rival Iran but don’t compromise the kingdom’s ability to fight for oil-market share, people familiar with the matter said.

How a Saudi Royal Sparked an OPEC Deal and Sent Oil Prices Past $50 - WSJ

Saudi Aramco is preparing to give investors unprecedented access to its accounts, lifting the lid on the world’s biggest oil producer ahead of a planned initial public offering in 2018. Saudi Arabia’s state-controlled oil company is busy overhauling its accounts so as to publish figures for its 2017 financial year in an industry-friendly format, said four people close to the company. It is also planning to show investors backdated accounts in this format for its 2015 and 2016 financial years, which could be released as soon as 2017.

Saudi Aramco prepares to publish its accounts for first time

A pile up of tankers waiting in the North Sea suggests a glut is building again in the market where benchmark crude is traded, highlighting the task facing OPEC as it seeks to rein in a global glut.  At least 10 tankers are at or near two locations off the U.K. coast where they must wait to transfer their cargoes, according to vessel-tracking information compiled by Bloomberg. It is rare for more than one or two tankers to remain at the sites -- England’s Southwold and Scotland’s Scapa Flow -- for multiple days, historical data show. The current increase is also happening amid seasonal work at the U.K.’s largest oil field.

Oil Tankers Piling Up in North Sea Show Glut Facing OPEC - Bloomberg