Tag Archives: International Organizations

Russia is the only participant that can reduce production gradually as was the case in 2017.

All members remain focused on OPEC'.s principal objective to ensure stability at all times in n the oil market.

The EU has long worked to diversify its supply by developing LNG infrastructure.

The United States has demanded that buyers of Iranian oil stop purchases by the start of May or face sanctions.

Saudi'.s oil production would be much lower than 10 million bpd until the end of next month.

If the United States is able to stop one method for Iran to export oil. then it will find other ways.

Saudi Arabia’s fiscal break-even could be as high as $95 per barrel this year.

The alliance between the two Asian countries is likely to bode well for other Asian oil importers too.

Nations in Asia are mostly dependent on West Asian producers for their demand for oil.

The cuts have been supported by some non-OPEC producers. most notably Russia.