Tag Archives: Donald Trump

Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.

The Russian parliamentarians already announced that Moscow will continue fulfilling its commitments with Syria.

Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.

As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.

Reduced Saudi oil imports tend to reflect in lower weekly U.S. inventories.

The United States has been increasingly critical of China-backed infrastructure projects.

The Saudi tactic to send reduced volumes to the States succeeded last year.

lower prices are clearly a benefit to consumers.

Iran is the third-largest producer of the oil cartel OPEC. providing more than 2 percent of global oil output.

OPEC in recent months has been wracked with internal disputes.