Tag Archives: Africa

.The world’s largest oil-consuming country could sell as much as 800.000 barrels per day of crude overseas this year

.OPEC’s agreement lasts for six months. with the goal of shrinking bloated oil inventories that are keeping a lid on prices

.Iran is currently the world’s 14th largest steelmakers

.It is expected to the agreement to be completed during the next two months

.The price of OPEC basket of thirteen crudes stood at $53.92 a barrel on Feb.2

.The January drop in OPEC output has been offset slightly by higher supply from Libya and Nigeria

.Siemens is the best partner for such megaprojects. which can make a difference for entire nations

An implementation rate of 75% would be higher than the level OPEC typically achieved in the past.

Russian oil producers achieved a major milestone in 2016.

Oil will trade at $55 to $60 a barrel this year and Kuwait is assuming a $45 price in its budget for fiscal year 2017-18.