Tag Archives: Economy

The group would meet in Vienna Austria to deliberate on the matter.

The event will entail the ``2nd Meeting of the ECO Public and Private Sector Energy Petrochemical Consortium Companies.

Five rounds of crude sale have so far been taken place at the energy exchange.

The main factor keeping oil prices from rising even further is soaring U.S. oil production.

Higher energy prices will lead to higher gasoline prices in the U.S.

OPEC and its partners implemented a slightly different version of their supply-cut agreement in 2017-2018.

Iran signed a cooperation agreement in May 2018 to set up a free trade zone with this union.

US-China trade talks are set to resume next week in Washington.

Downside risks include a slowdown in global economy which would dent global crude demand.

Riyadh projects that its budget deficit will decrease this year to 131 billion riyals.