Tag Archives: Donald Trump

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.

France is an important partner of Iran and that Iran has good relations with the European Union members.

The moves by the two top buyers of Iranian crude indicate that Iran may not be fully cut off from global oil markets from November.

Sale of the oil from the reserve was mandated by previous laws to fund the federal government and to fund a drug program.