Tag Archives: International News Agency

The trade war between the world’s two biggest economies has weighed heavily on global trade.

Consensus within the OPEC non-OPEC coalition is growing for a cut.

Iraq is OPEC’s second-largest oil producer following Saudi Arabia and pumps around 4.6 million bpd.

Qatar announced on Monday that it plans to withdraw from the oil producing group.

China and the United States agreed to halt additional tariffs in a deal that keeps their trade war from escalating.

In India. gas is primarily used for fertilizers. followed by power generation. domestic fuel - largely for cooking - transport and petrochemicals.

Riyadh has suggested OPEC and its allies reduce output by 1 million barrels per day from January 2019 to stem the price falls.

OPEC and non-OPEC oil producers will hold a ministerial meeting Dec. 6-7.

The production decline is the first since the beginning of this year.

Russia and Bulgaria have been negotiating on the pipeline'.s route for some time.