The amount of crude OPEC is capable of pumping is also set to deteriorate.
Read More »US will Surpass Saudi Arabia as World’s Top Crude Oil Exporter
Thanks to shale oil. the U.S. became the world’s largest crude oil producer and exporter for the first time in 2018.
Read More »Oil Rises on Ongoing OPEC-Led Supply Cuts. Fall in U.S. Rig Count
The group will meet in Vienna on April 17-18.
Read More »Saudi Arabia will Cut Oil Exports in April
Saudi Arabia is demonstrating extraordinary commitment to accelerating market rebalancing.
Read More »Saudi Arabia will Cut Oil Exports in April
Saudi Arabia is demonstrating extraordinary commitment to accelerating market rebalancing.
Read More »US Pressures India to Stop Buying Oil from Venezuela
The Indian market is crucial for Venezuela’s economy.
Read More »No OPEC+ Output Policy Change until June
China and the U.S. would lead healthy global demand for oil this year.
Read More »U.S.. China Driving Oil Demand
Production in U.S. hit a record of more than 12 million bpd in February.
Read More »Oil Prices are Good for Producers. Consumers
Consumer countries see that a price between $60-70 is a good price for everyone.
Read More »UAE in Compliance with OPEC and Non-OPEC Output Curbs
The UAE’s output at the end of January according to secondary sources cited by OPEC was 3.078 million bpd.
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