Tag Archives: Donald Trump

The OPEC+ alliance agreed earlier this month to remove 1.2 MMbpd from the market in the first quarter of 2019 to revive prices.

Saudi total exports are set to drop to around 7mn bpd in January.

OPEC and its Russia-led allies agreed on Dec. 7 to cut output by more than expected.

OPEC expects global oil demand to slow next year and sees little support from the economic backdrop.

Washington had been pushing governments to cut imports of Iranian oil to zero.

Oil prices climbed by around 1 percent on Wednesday .

Saudi Arabia shouldered most of the production cuts on the OPEC side.

China added to market-friendly noise by saying it had agreed to cut tariffs on US autos to 15 per cent from 40 per cent.

Iran has the capacity to export between nine million tons to 10 million tons of steel by March 2019 .

Greece will turn into a hub for export of Iranian products to the European country.