Tag Archives: Crisis

Saudi Arabia has been pushing for an OPEC cut. indicating it may reduce supply by 500.000 bpd.

Oil prices have plunged by around 30 per cent since their last peaks in early October.

Egypt is investing in a processing plant on the Red Sea that could produce some four million tonnes of petro-products a year.

Iraq is in dire need of Iran'.s electricity and they cannot deny it.

Saudi Arabia’s in a more precarious position for this upcoming OPEC meeting.

Venezuela’s crude production could soon sink to below 1 million bpd.

Despite its discontent. Bagdad prefers to maintain good relations with Russia for several reasons.

OPEC member Venezuela last year produced more than 2 million bpd.

Due to the crisis that began in 2011. the field. with gas reserves of about 4 billion cubic meters. was closed.

Saudi Arabia. the world'.s largest exporter. has claimed that it can respond to the Iranian shortfall.