Tag Archives: Bahrain

Russia has agreed to cut its oil output by 300.000 barrels per day under the OPEC deal signed in Vienna.

OPEC countries agree on extension of the deal. but Iraq and Iran will not be part of it.

Extension of the OPEC deal in May is quite likely. because OPEC and non-OPEC partners will be under pressure to extend it.

Growth in Saudi Arabia. the region’s largest economy. is expected to slow to 0.4% this year.

More than 100 foreign executives. traders and petrochemical producers are attending the 13th international Iran Petrochemical Forum .

Committed energy investments are 2 per cent higher than last year’s projection for the 2016 to 2020 period.

Saudi Arabia should know that terrorism threats also this country.

Some producers. notably Saudi Arabia. appeared to cut the oil output by more than originally agreed amount.

In November 2016. OPEC agreed to cut oil production by 1.2 million barrels per day to 32.5 million bpd.

The nuclear deal helped increase oil exports. providing a vital boost to public funds to balance budgets for various sectors.