Tag Archives: Donald Trump

Perry will be the most senior U.S. official to visit Russia since Trump met Russian President Vladimir Putin in Helsinki in July.

Europe. Russia and China are now working with Iran to map out a potential course without the US.

With US rig activity stalling and Iran sanctions looming. the oil market outlook is tightening.

OPEC. Russia and other non-members agreed in June to return to 100 per cent compliance with oil output cuts that began in January 2017.

OPEC'.s next regular meeting is December 3. with non-OPEC partners scheduled to join the talks December 4.

U.S. crude stockpiles fell last week as refineries boosted output amid strong consumption.

The second-largest production increase came from Iraq and the United Arab Emirates.

Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.

Oil prices have stabilized over the last two years largely thanks to a deal between OPEC and non-OPEC oil producers.

Resource-pour Japan relies heavily on imports of oil from the Middle East.