Tag Archives: International Organizations

Four Libyan oil export ports that were closed last week because of bad weather have reopened.

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

A slowdown in oil demand growth is compounding the emerging oversupply.

A decision on the production policy in 2019 can be reached at an OPEC+ ministerial meeting in Vienna on December 6-7.

The increase in trade with Turkey and efforts to boost ties with Iraq form part of Qatar’s strategy to diversify its trading partners.

Saudi Aramco plans to boost its gas production to 23 billion standard cubic feet (scf) a day from 14 billion scf now.

OPEC and other major producers are considering coordinated output restrictions to stem a further drop in prices.

Oil production had declined by 150 thousand barrels per day.

China has seen an explosive growth of natural gas consumption over the years.

Crude reserves increased 6.4 billion barrels. or 19.5 percent. to 39.2 billion barrels at year-end 2017.