Tag Archives: International Organizations

Both countries agreed to continue coordinating steps on the global oil market in the OPEC+ format.

OPEC exports are off by over 1.5 million barrels per day (bpd) since November.

The consortium has been awarding preliminary contracts worth billion to subcontractors for the construction of the facility.

The agency continues to verify the non-diversion of nuclear material declared by Iran under its Safeguards Agreement.

Avenir LNG signed the contract for the two LNG bunker vessels (LNGBV) in Q4 2018.

The shale revolution has made the US the world’s top oil producer and is reshaping the global oil market.

US plans to sell up to 6 million barrels of crude oil from the Strategic Petroleum Reserve in April.

The Emirates should reduce the production of oil from 3.168 million barrels per day to 96.000 barrels per day.

The IEA has long emphasized the role of China. India. and other countries in Asia in driving global natural gas demand.

The 11 OPEC member states committed to the agreement attained in February 101% of the agreed cuts.