Tag Archives: Asia

Real increase would be smaller than the nominal gain of 1 million bpd. meaning a compromise with Iran remained possible.

Saudi Arabia and its allies estimate that total cuts now amount to 2.8 million barrels.

The parties will discuss possible increase of oil production.

Most of the shortfall has come from Venezuela. where an economic crisis has savaged the nation’s petroleum production.

Falih said any raising of output would be measured.

The condition means no other country has the right to compensate for another country’s oil production decrease.

The market is now stuck in an OPEC-wary condition.

Pradhan said India will raise the issue of the recent fuel price hike at the OPEC meeting.

World’s population will increase to more than 9 billion by 2050.

In 2016. Daewoo Shipbuilding delivered an LNG ship with the PRS system to a client for the first time in the market.