Oil

The Organization of the Petroleum Exporting Countries will meet on Dec. 5 and is expected to extend output cuts to the end of 2020.

Production is projected to rise by 30.000 barrels per day. according to the Energy Information Administration.

Oil is of course a commodity that relies significantly on demand.

CNG consumption in the country has risen by two million cubic meters per day since the [implementation of] the gasoline rationing plan.

Trump’s comments on China are another negative concern for the market.

Enhanced production and maintaining output in North Azadegan was on the agenda. adding workover of operational wells was also planned for.

The 177th Meeting of the OPEC Conference is expected to be held December 5. 2019.

Oil production in Russia remains expensive compared to other parts of the world.

Sluggish refinery activity in the first three quarters has caused crude oil demand to fall in 2019 for the first time since 2009.