Tag Archives: Dispute

The OPEC meeting comes at a time of heightened geopolitical tensions in the Middle East.

World oil demand will rise by 1.14 million barrels per day (bpd) this year.

European customers will receive their gas in line with their contractual terms in 2020.

OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June.

The group'.s total output declined by 1.3% last year.

If the China-U.S. trade war continues to grow larger. it may cause the global economy to decline. and may cause a global financial crisis.

China targeted FedEx Corp. in its escalating trade war with the U.S.. giving a hint of the kind of foreign companies it may blacklist as unreliable.

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday amid an escalation of geopolitical events

OPEC and its allies including Russia are scheduled to meet on June 25-26.

Despite lower supplies. crude oil has fallen from a six-month high above $75 a barrel in April to below $68 on Thursday.